Driehaus Capital Management LLC decreased its position in shares of Federal Signal Co. (NYSE:FSS) by 29.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,030 shares of the conglomerate’s stock after selling 95,474 shares during the period. Driehaus Capital Management LLC’s holdings in Federal Signal were worth $4,581,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in FSS. Quantbot Technologies LP bought a new stake in shares of Federal Signal in the 3rd quarter worth about $120,000. GW&K Investment Management LLC bought a new stake in shares of Federal Signal in the 4th quarter worth about $200,000. SG Americas Securities LLC bought a new stake in shares of Federal Signal in the 3rd quarter worth about $212,000. TCW Group Inc. bought a new stake in shares of Federal Signal in the 4th quarter worth about $225,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Federal Signal in the 3rd quarter worth about $241,000. 84.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Federal Signal Co. (NYSE FSS) opened at $22.83 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.42 and a current ratio of 2.59. Federal Signal Co. has a 1 year low of $13.07 and a 1 year high of $23.64. The firm has a market cap of $1,333.20, a PE ratio of 26.14 and a beta of 1.18.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Monday, March 5th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, March 2nd. Federal Signal’s dividend payout ratio is presently 27.45%.
Several research firms have recently weighed in on FSS. Seaport Global Securities reissued a “buy” rating on shares of Federal Signal in a research report on Thursday, March 1st. ValuEngine raised shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Sidoti began coverage on shares of Federal Signal in a research report on Tuesday, February 20th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a research report on Tuesday, February 6th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $21.00.
Federal Signal Company Profile
Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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