Gamco Investors INC. ET AL Sells 19,226 Shares of Federal Signal Co. (NYSE:FSS)

Gamco Investors INC. ET AL reduced its stake in Federal Signal Co. (NYSE:FSS) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 382,009 shares of the conglomerate’s stock after selling 19,226 shares during the period. Gamco Investors INC. ET AL owned about 0.63% of Federal Signal worth $35,294,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Gabelli Funds LLC grew its stake in shares of Federal Signal by 2.7% during the fourth quarter. Gabelli Funds LLC now owns 183,200 shares of the conglomerate’s stock worth $16,926,000 after buying an additional 4,800 shares during the last quarter. Jump Financial LLC increased its stake in shares of Federal Signal by 61.7% in the fourth quarter. Jump Financial LLC now owns 41,659 shares of the conglomerate’s stock valued at $3,849,000 after buying an additional 15,900 shares during the period. Defined Financial Planning LLC bought a new position in shares of Federal Signal during the fourth quarter worth about $210,000. Barclays PLC lifted its stake in shares of Federal Signal by 18.1% in the fourth quarter. Barclays PLC now owns 171,411 shares of the conglomerate’s stock worth $15,838,000 after acquiring an additional 26,223 shares during the period. Finally, Summit Investment Advisors Inc. boosted its holdings in Federal Signal by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,292 shares of the conglomerate’s stock valued at $581,000 after acquiring an additional 200 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FSS shares. Raymond James dropped their price target on shares of Federal Signal from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday. StockNews.com lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st.

Federal Signal Price Performance

Federal Signal stock opened at $76.27 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. Federal Signal Co. has a 52-week low of $66.47 and a 52-week high of $102.18. The stock’s 50 day moving average price is $82.42 and its two-hundred day moving average price is $89.45. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 1.85 and a beta of 1.11.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm had revenue of $472.00 million for the quarter, compared to the consensus estimate of $481.90 million. On average, equities analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a dividend of $0.14 per share. This is a boost from Federal Signal’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. Federal Signal’s payout ratio is presently 15.95%.

Insider Buying and Selling

In other news, CEO Jennifer L. Sherman acquired 1,250 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was purchased at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the purchase, the chief executive officer now owns 559,183 shares in the company, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.30% of the stock is currently owned by corporate 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.