Dark Forest Capital Management LP Has $342,000 Stake in Federal Signal Co. (NYSE:FSS)

Dark Forest Capital Management LP lessened its position in Federal Signal Co. (NYSE:FSS - Free Report) by 50.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,705 shares of the conglomerate's stock after selling 3,825 shares during the period. Dark Forest Capital Management LP's holdings in Federal Signal were worth $342,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in Federal Signal in the third quarter valued at about $46,000. Signaturefd LLC boosted its holdings in shares of Federal Signal by 37.4% in the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after acquiring an additional 165 shares in the last quarter. Mather Group LLC. grew its position in Federal Signal by 20.1% during the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock worth $82,000 after acquiring an additional 149 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in 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 in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Federal Signal by 182.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate's stock valued at $127,000 after purchasing an additional 891 shares during the last quarter. Institutional investors own 92.73% of the company's stock.

Insiders Place Their Bets

In related news, CEO Jennifer L. Sherman bought 1,250 shares of Federal Signal stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the acquisition, the chief executive officer now owns 559,183 shares in the company, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.30% of the company's stock.

Federal Signal Trading Up 2.7 %

FSS traded up $2.27 during mid-day trading on Friday, reaching $86.51. The stock had a trading volume of 923,717 shares, compared to its average volume of 431,845. The stock has a market capitalization of $5.29 billion, a P/E ratio of 25.07, a P/E/G ratio of 1.85 and a beta of 1.11. Federal Signal Co. has a 52 week low of $66.47 and a 52 week high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The firm's fifty day simple moving average is $76.98 and its two-hundred day simple moving average is $88.00.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 EPS for the quarter, topping 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 firm had revenue of $463.80 million during the quarter, compared to analyst estimates of $462.63 million. During the same period last year, the company earned $0.64 earnings per share. The company's revenue was up 9.2% on a year-over-year basis. On average, equities analysts predict that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal declared that its Board of Directors has initiated a share buyback plan 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 stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Federal Signal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.56 dividend on an annualized basis and a yield of 0.65%. Federal Signal's payout ratio is presently 15.95%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FSS shares. Raymond James decreased their target price on Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. StockNews.com lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st.

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.