Brevan Howard Capital Management LP Grows Position in Federal Signal Co. (NYSE:FSS)

Brevan Howard Capital Management LP grew its position in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 35.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,282 shares of the conglomerate's stock after acquiring an additional 4,228 shares during the quarter. Brevan Howard Capital Management LP's holdings in Federal Signal were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. increased its stake in Federal Signal by 20.1% in the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock valued at $82,000 after buying an additional 149 shares during the last quarter. Arizona State Retirement System increased its position in shares of Federal Signal by 0.9% during the fourth quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate's stock valued at $1,640,000 after acquiring an additional 152 shares during the last quarter. Albion Financial Group UT boosted its position in Federal Signal by 1.3% in the fourth quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate's stock worth $1,120,000 after purchasing an additional 153 shares during the last quarter. Signaturefd LLC grew its stake in Federal Signal by 37.4% in the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock valued at $56,000 after purchasing an additional 165 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Federal Signal by 15.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock valued at $124,000 after purchasing an additional 181 shares during the last quarter. Institutional investors own 92.73% of the company's stock.

Federal Signal Stock Down 0.2 %

Federal Signal stock opened at $87.16 on Wednesday. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 25.26, a P/E/G ratio of 1.85 and a beta of 1.23. The firm has a 50 day simple moving average of $77.23 and a 200 day simple moving average of $87.94. Federal Signal Co. has a 1-year low of $66.47 and a 1-year high of $102.18. 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 (NYSE:FSS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.03. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company had revenue of $463.80 million for the quarter, compared to analyst estimates of $462.63 million. During the same period in the previous year, the company posted $0.64 EPS. The firm's revenue for the quarter was up 9.2% compared to the same quarter last year. On average, analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal announced that its Board of Directors has initiated a stock buyback program on Tuesday, April 22nd that permits the company to buyback $150.00 million in shares. This buyback authorization permits the conglomerate to reacquire up to 3.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors 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 0.64%. The ex-dividend date is Friday, May 16th. Federal Signal's dividend payout ratio (DPR) is presently 16.37%.

Insider Transactions at Federal Signal

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

Analyst Ratings Changes

FSS has been the subject of several research reports. StockNews.com lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Raymond James lowered their target price on Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, DA Davidson lifted their price objective on Federal Signal from $82.00 to $84.00 and gave the stock a "neutral" rating in a report on Monday.

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.

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