Ensign Peak Advisors Inc Decreases Position in Federal Signal Co. (NYSE:FSS)

Ensign Peak Advisors Inc decreased its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,168 shares of the conglomerate's stock after selling 6,000 shares during the quarter. Ensign Peak Advisors Inc's holdings in Federal Signal were worth $2,233,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Signaturefd LLC increased its position in Federal Signal by 37.4% during the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after buying an additional 165 shares during the period. CoreCap Advisors LLC increased its position in Federal Signal by 19.9% during the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after buying an additional 145 shares during the period. Mather Group LLC. increased its position in Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock worth $82,000 after buying an additional 149 shares during the period. Steward Partners Investment Advisory LLC increased its position in Federal Signal by 15.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock worth $124,000 after buying an additional 181 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Federal Signal by 182.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate's stock worth $127,000 after buying an additional 891 shares during the period. Hedge funds and other institutional investors own 92.73% of the company's stock.

Federal Signal Trading Up 0.4%

NYSE:FSS opened at $94.14 on Friday. The firm has a market cap of $5.74 billion, a P/E ratio of 27.29, 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. The stock's 50 day simple moving average is $78.83 and its 200-day simple moving average is $88.23. 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 released its earnings results 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. The business had revenue of $463.80 million for the quarter, compared to analyst estimates of $462.63 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 earnings per share. Equities analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal announced that its board has authorized a share buyback plan on Tuesday, April 22nd that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the conglomerate to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Federal Signal Dividend Announcement

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

Insider Activity at Federal Signal

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

Analysts Set New Price Targets

Several research firms have commented on FSS. StockNews.com lowered Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. DA Davidson lifted their price target on Federal Signal from $82.00 to $84.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. KeyCorp raised Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 price target on the stock in a research report on Monday. Finally, Raymond James dropped 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $98.00.

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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