Illinois Municipal Retirement Fund Lowers Stock Position in Federal Signal Co. (NYSE:FSS)

Illinois Municipal Retirement Fund trimmed its position in shares of Federal Signal Co. (NYSE:FSS) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,577 shares of the conglomerate’s stock after selling 2,773 shares during the period. Illinois Municipal Retirement Fund’s holdings in Federal Signal were worth $3,010,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FSS. Barclays PLC increased its stake in Federal Signal by 338.7% during the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock worth $13,569,000 after acquiring an additional 112,092 shares during the last quarter. First Hawaiian Bank grew its holdings in shares of Federal Signal by 520.7% during the 4th quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate’s stock worth $1,640,000 after purchasing an additional 14,891 shares during the period. Charles Schwab Investment Management Inc. increased its position in Federal Signal by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock worth $71,875,000 after purchasing an additional 31,517 shares in the last quarter. Quest Partners LLC increased its position in Federal Signal by 4,025.9% during the 3rd quarter. Quest Partners LLC now owns 18,608 shares of the conglomerate’s stock worth $1,739,000 after purchasing an additional 18,157 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Federal Signal by 17.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,430 shares of the conglomerate’s stock valued at $14,246,000 after buying an additional 22,821 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Stock Up 2.4 %

Shares of NYSE:FSS opened at $81.88 on Friday. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 1.85 and a beta of 1.01. The company has a 50 day moving average of $95.14 and a two-hundred day moving average of $92.79. Federal Signal Co. has a 52-week low of $76.85 and a 52-week high of $102.18. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19.

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

Federal Signal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be paid a $0.14 dividend. This is a boost from Federal Signal’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 0.68%. Federal Signal’s payout ratio is 16.23%.

Analyst Upgrades and Downgrades

FSS has been the subject of several research reports. StockNews.com upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. DA Davidson decreased their price target on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Finally, Raymond James reissued an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a research report on Tuesday, December 24th.

Federal Signal Profile

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.