Federal Signal Co. (NYSE:FSS) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG grew its position in Federal Signal Co. (NYSE:FSS - Free Report) by 138.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,100 shares of the conglomerate's stock after acquiring an additional 49,943 shares during the quarter. Deutsche Bank AG owned 0.14% of Federal Signal worth $7,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Federal Signal by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 7,247,803 shares of the conglomerate's stock worth $669,625,000 after purchasing an additional 93,597 shares during the last quarter. Invesco Ltd. increased its holdings in Federal Signal by 12.4% during the fourth quarter. Invesco Ltd. now owns 2,199,200 shares of the conglomerate's stock valued at $203,184,000 after buying an additional 242,840 shares during the period. Geode Capital Management LLC boosted its position in Federal Signal by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,630,971 shares of the conglomerate's stock valued at $150,715,000 after purchasing an additional 29,197 shares in the last quarter. FMR LLC boosted its position in Federal Signal by 19.4% during the fourth quarter. FMR LLC now owns 1,469,614 shares of the conglomerate's stock valued at $135,778,000 after purchasing an additional 238,608 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Federal Signal by 56.5% in the fourth quarter. First Trust Advisors LP now owns 894,136 shares of the conglomerate's stock valued at $82,609,000 after buying an additional 322,676 shares during the last quarter. Institutional investors own 92.73% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Raymond James decreased their target price on Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a report on Monday, April 14th. StockNews.com cut Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. KeyCorp raised shares of Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 price objective for the company in a research note on Monday, May 12th. Finally, DA Davidson increased their price target on Federal Signal from $82.00 to $84.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Federal Signal currently has a consensus rating of "Moderate Buy" and an average target price of $98.00.

Federal Signal Stock Down 1.0%

FSS stock traded down $0.97 during mid-day trading on Tuesday, reaching $95.14. The company had a trading volume of 245,334 shares, compared to its average volume of 436,535. Federal Signal Co. has a fifty-two week low of $66.47 and a fifty-two week high of $102.18. The firm has a fifty day simple moving average of $79.47 and a 200 day simple moving average of $88.48. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.03. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business had revenue of $463.80 million for the quarter, compared to analyst estimates of $462.63 million. During the same period last year, the business earned $0.64 EPS. The company's revenue was up 9.2% on a year-over-year basis. Analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Friday, May 16th. Federal Signal's dividend payout ratio (DPR) is presently 16.37%.

Federal Signal declared that its board has initiated a share buyback plan on Tuesday, April 22nd that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the conglomerate to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Insider Transactions at Federal Signal

In other news, CEO Jennifer L. Sherman purchased 1,250 shares of the business's stock in a transaction on Friday, February 28th. The shares were bought at an average price of $82.32 per share, with a total value of $102,900.00. Following the completion of the transaction, the chief executive officer now directly owns 559,183 shares in the company, valued at approximately $46,031,944.56. This represents a 0.22% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.30% of the company's stock.

About Federal Signal

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.