Northern Trust Corp Has $64.09 Million Stock Holdings in Federal Signal Co. (NYSE:FSS)

Northern Trust Corp increased its stake in Federal Signal Co. (NYSE:FSS - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 693,729 shares of the conglomerate's stock after buying an additional 67,716 shares during the quarter. Northern Trust Corp owned about 1.14% of Federal Signal worth $64,094,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in FSS. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Federal Signal during the fourth quarter worth $6,520,000. Nebula Research & Development LLC increased its holdings in shares of Federal Signal by 38.5% in the fourth quarter. Nebula Research & Development LLC now owns 25,245 shares of the conglomerate's stock valued at $2,332,000 after buying an additional 7,021 shares in the last quarter. Oberweis Asset Management Inc. boosted its position in shares of Federal Signal by 21.1% in the fourth quarter. Oberweis Asset Management Inc. now owns 229,830 shares of the conglomerate's stock worth $21,234,000 after buying an additional 40,100 shares during the period. Stifel Financial Corp boosted its holdings in shares of Federal Signal by 3.8% during the fourth quarter. Stifel Financial Corp now owns 62,930 shares of the conglomerate's stock worth $5,814,000 after purchasing an additional 2,319 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Federal Signal by 48.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,400 shares of the conglomerate's stock worth $499,000 after acquiring an additional 1,752 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FSS has been the topic of a number of recent analyst reports. Raymond James cut their price objective 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. StockNews.com lowered Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. DA Davidson lifted their price target on shares of Federal Signal from $82.00 to $84.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Finally, KeyCorp upgraded 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Federal Signal has a consensus rating of "Moderate Buy" and a consensus price target of $98.00.

Federal Signal Stock Up 4.8%

Shares of Federal Signal stock traded up $4.28 during trading hours on Monday, reaching $93.84. 66,246 shares of the company's stock were exchanged, compared to its average volume of 434,075. The stock has a market cap of $5.72 billion, a P/E ratio of 27.04, a P/E/G ratio of 1.85 and a beta of 1.23. The company has a 50 day moving average of $77.74 and a two-hundred day moving average of $88.03. 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 fifty-two week low of $66.47 and a fifty-two week high of $102.18.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The conglomerate reported $0.76 EPS 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 quarter in the prior year, the business earned $0.64 EPS. Federal Signal's quarterly revenue was up 9.2% on a year-over-year basis. On average, sell-side analysts forecast that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

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. This represents a $0.56 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, May 16th. Federal Signal's dividend payout ratio (DPR) is 16.37%.

Federal Signal announced that its Board of Directors has authorized a stock repurchase program on Tuesday, April 22nd that allows the company to buyback $150.00 million in shares. This buyback authorization allows the conglomerate to purchase up to 3.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Federal Signal 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, with a total value of $102,900.00. Following the acquisition, the chief executive officer now owns 559,183 shares in the company, valued at $46,031,944.56. This trade represents a 0.22% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.30% of the company's stock.

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.