Capital World Investors Invests $79.81 Million in Federal Signal Co. (NYSE:FSS)

Capital World Investors purchased a new position in shares of Federal Signal Co. (NYSE:FSS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 863,835 shares of the conglomerate's stock, valued at approximately $79,810,000. Capital World Investors owned approximately 1.41% of Federal Signal as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FSS. Barclays PLC grew its stake in shares of Federal Signal by 338.7% during the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock worth $13,569,000 after acquiring an additional 112,092 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Federal Signal during the 3rd quarter worth approximately $46,000. Tidal Investments LLC grew its stake in shares of Federal Signal by 19.1% during the 3rd quarter. Tidal Investments LLC now owns 3,174 shares of the conglomerate's stock worth $297,000 after acquiring an additional 510 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of 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 acquiring an additional 134,457 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Federal Signal by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 169,352 shares of the conglomerate's stock worth $15,828,000 after acquiring an additional 2,348 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were acquired 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 in the company, valued at $46,031,944.56. The trade was a 0.22 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.30% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Raymond James decreased their target price on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. StockNews.com cut shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st.

Federal Signal Stock Down 2.0 %

Shares of NYSE:FSS traded down $1.51 during midday trading on Friday, hitting $75.21. The stock had a trading volume of 527,781 shares, compared to its average volume of 422,887. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The business's 50-day simple moving average is $78.35 and its 200-day simple moving average is $88.40. Federal Signal Co. has a 12 month low of $66.47 and a 12 month high of $102.18. The company has a market cap of $4.60 billion, a P/E ratio of 21.80, a PEG ratio of 1.85 and a beta of 1.11.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $481.90 million. On average, sell-side analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal declared that its Board of Directors has approved a stock buyback program on Tuesday, April 22nd that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the conglomerate to purchase up to 3.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

Federal Signal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, May 16th. This represents a $0.56 dividend on an annualized basis and a yield of 0.74%. Federal Signal's dividend payout ratio (DPR) is 15.95%.

Federal Signal Company 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.