Axa S.A. Grows Stock Holdings in Federal Signal Co. (NYSE:FSS)

AXA S.A. boosted its position in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 19.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 74,650 shares of the conglomerate's stock after purchasing an additional 12,120 shares during the quarter. AXA S.A. owned about 0.12% of Federal Signal worth $6,897,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in FSS. Barclays PLC lifted its position in shares of Federal Signal by 338.7% in the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock worth $13,569,000 after purchasing an additional 112,092 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Federal Signal in the 3rd quarter valued at about $46,000. Tidal Investments LLC grew its position in Federal Signal by 19.1% during the third quarter. Tidal Investments LLC now owns 3,174 shares of the conglomerate's stock worth $297,000 after buying an additional 510 shares in the last quarter. Franklin Resources Inc. increased its holdings in Federal Signal by 26.7% in the 3rd quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate's stock valued at $59,523,000 after buying an additional 134,457 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Federal Signal by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 169,352 shares of the conglomerate's stock valued at $15,828,000 after purchasing an additional 2,348 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FSS shares. KeyCorp upgraded shares of Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 price target on the stock in a research note on Monday. StockNews.com lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Raymond James decreased their price objective on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, DA Davidson boosted their target price on shares of Federal Signal from $82.00 to $84.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $98.00.

Insider Transactions at Federal Signal

In other news, CEO Jennifer L. Sherman acquired 1,250 shares of Federal Signal stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of $82.32 per share, with a total value of $102,900.00. Following the transaction, the chief executive officer now owns 559,183 shares of the company's stock, valued at approximately $46,031,944.56. This trade represents a 0.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.30% of the company's stock.

Federal Signal Stock Up 3.9%

Federal Signal stock traded up $3.53 during midday trading on Monday, reaching $93.09. The stock had a trading volume of 79,307 shares, compared to its average volume of 434,129. The company has a fifty day moving average price of $77.74 and a two-hundred day moving average price of $88.03. The company has a market capitalization of $5.68 billion, a P/E ratio of 26.99, a PEG ratio of 1.85 and a beta of 1.23. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a 12 month low of $66.47 and a 12 month high of $102.18.

Federal Signal (NYSE:FSS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The conglomerate reported $0.76 EPS for the quarter, topping the consensus estimate of $0.73 by $0.03. The company had revenue of $463.80 million during the quarter, compared to the consensus estimate of $462.63 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share. As a group, equities analysts expect that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Friday, May 16th. Federal Signal's dividend payout ratio is 16.37%.

Federal Signal declared that its Board of Directors has initiated a share repurchase plan on Tuesday, April 22nd that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the conglomerate to buy up to 3.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

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.