Voya Investment Management LLC Has $8.33 Million Stock Position in Federal Signal Co. (NYSE:FSS)

Voya Investment Management LLC lowered its position in Federal Signal Co. (NYSE:FSS - Free Report) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,206 shares of the conglomerate's stock after selling 5,919 shares during the quarter. Voya Investment Management LLC owned 0.15% of Federal Signal worth $8,334,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FSS. Wilmington Savings Fund Society FSB bought a new stake in shares of Federal Signal in the 3rd quarter valued at approximately $46,000. Signaturefd LLC grew its position in Federal Signal by 37.4% in the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock valued at $56,000 after acquiring an additional 165 shares during the period. Mather Group LLC. grew its position in Federal Signal by 20.1% in the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock valued at $82,000 after acquiring an additional 149 shares during the period. Steward Partners Investment Advisory LLC raised its stake 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 acquiring an additional 181 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Federal Signal by 182.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate's stock valued at $127,000 after acquiring an additional 891 shares during the period. Institutional investors and hedge funds own 92.73% of the company's stock.

Wall Street Analyst Weigh In

FSS has been the subject of a number of recent analyst reports. StockNews.com cut shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Raymond James dropped their price objective on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a report on Monday, April 14th.

Federal Signal Price Performance

Shares of Federal Signal stock traded up $2.27 during trading on Friday, reaching $86.51. The company's stock had a trading volume of 923,717 shares, compared to its average volume of 431,845. The stock has a 50-day moving average price of $76.98 and a two-hundred day moving average price of $88.00. The stock has a market capitalization of $5.29 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11. 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 one year low of $66.47 and a one year high of $102.18.

Federal Signal (NYSE:FSS - Get Free Report) last announced its earnings results on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share for the quarter, topping 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 company had revenue of $463.80 million during the quarter, compared to the consensus estimate of $462.63 million. During the same period in the previous year, the firm posted $0.64 earnings per share. The company's revenue was up 9.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend 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 presently 15.95%.

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

Insider Activity at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman acquired 1,250 shares of Federal Signal stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $82.32 per share, with a total value of $102,900.00. Following the completion of the purchase, the chief executive officer now owns 559,183 shares in the company, valued at $46,031,944.56. The trade was a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.30% of the stock is owned by company insiders.

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.