ExodusPoint Capital Management LP Has $572,000 Holdings in Federal Signal Co. (NYSE:FSS)

ExodusPoint Capital Management LP decreased its stake in shares of Federal Signal Co. (NYSE:FSS) by 77.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,194 shares of the conglomerate’s stock after selling 21,755 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Federal Signal were worth $572,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of FSS. Norges Bank bought a new position in Federal Signal during the fourth quarter worth $78,192,000. Raymond James Financial Inc. bought a new position in shares of Federal Signal during the 4th quarter worth about $36,636,000. Geode Capital Management LLC grew its stake in shares of Federal Signal by 17.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock valued at $149,727,000 after buying an additional 239,789 shares during the period. JPMorgan Chase & Co. increased its position in Federal Signal by 79.9% in the 4th quarter. JPMorgan Chase & Co. now owns 304,711 shares of the conglomerate’s stock valued at $28,152,000 after buying an additional 135,359 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Federal Signal by 26.7% during the 3rd quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock worth $59,523,000 after buying an additional 134,457 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com cut Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Raymond James reissued an “outperform” rating and issued a $110.00 price target on shares of Federal Signal in a research report on Tuesday, December 24th.

Federal Signal Price Performance

FSS stock opened at $76.19 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The business has a 50-day simple moving average of $82.85 and a two-hundred day simple moving average of $89.59. The company has a market capitalization of $4.65 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11. Federal Signal Co. has a 52-week low of $66.47 and a 52-week high of $102.18.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. The business had revenue of $472.00 million during the quarter, compared to the consensus estimate of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. Research analysts expect that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a $0.14 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 0.74%. This is an increase from Federal Signal’s previous quarterly dividend of $0.12. Federal Signal’s dividend payout ratio is currently 15.95%.

Insider Activity at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of $82.32 per share, with a total value of $102,900.00. Following the completion of the transaction, the chief executive officer now owns 559,183 shares of the company’s stock, valued at $46,031,944.56. The trade was a 0.22 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 3.30% of the stock is owned by insiders.

About Federal Signal

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.