Federal Signal Co. (NYSE:FSS) Shares Purchased by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC raised its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 67.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 518,486 shares of the conglomerate's stock after buying an additional 209,655 shares during the quarter. ArrowMark Colorado Holdings LLC owned about 0.85% of Federal Signal worth $47,903,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. California Public Employees Retirement System grew its holdings in shares of Federal Signal by 0.6% in the fourth quarter. California Public Employees Retirement System now owns 89,654 shares of the conglomerate's stock valued at $8,283,000 after purchasing an additional 514 shares during the period. Barclays PLC increased its holdings in shares of Federal Signal by 338.7% during the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock worth $13,569,000 after buying an additional 112,092 shares during the last quarter. First Hawaiian Bank increased its holdings in shares of Federal Signal by 520.7% during the 4th quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate's stock worth $1,640,000 after buying an additional 14,891 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Federal Signal by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate's stock valued at $72,112,000 after acquiring an additional 11,466 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Federal Signal by 84.1% in the fourth quarter. Victory Capital Management Inc. now owns 219,147 shares of the conglomerate's stock worth $20,247,000 after acquiring an additional 100,135 shares during the period. Institutional investors and hedge funds own 92.73% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on FSS shares. Raymond James decreased their price target 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 shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st.

Insider Buying and Selling

In other news, CEO Jennifer L. Sherman purchased 1,250 shares of the company's stock in a transaction that occurred 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 purchase, the chief executive officer now directly owns 559,183 shares of the company's stock, valued at $46,031,944.56. This represents a 0.22 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is owned by company insiders.

Federal Signal Price Performance

FSS stock opened at $86.51 on Friday. The business's fifty day moving average price is $76.98 and its 200 day moving average price is $88.04. Federal Signal Co. has a 12-month low of $66.47 and a 12-month 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. The company has a market capitalization of $5.29 billion, a PE ratio of 25.07, a P/E/G ratio of 1.85 and a beta of 1.11.

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

Federal Signal Announces Dividend

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

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

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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