MQS Management LLC Invests $304,000 in Federal Signal Corporation (NYSE:FSS)

MQS Management LLC bought a new position in Federal Signal Corporation (NYSE:FSS - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 4,134 shares of the conglomerate's stock, valued at approximately $304,000.

A number of other large investors have also recently made changes to their positions in FSS. California Public Employees Retirement System boosted its position in Federal Signal by 0.6% in the 4th quarter. California Public Employees Retirement System now owns 89,654 shares of the conglomerate's stock valued at $8,283,000 after buying an additional 514 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Federal Signal by 21.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 15,641 shares of the conglomerate's stock valued at $1,150,000 after buying an additional 2,724 shares during the period. Bessemer Group Inc. boosted its position in Federal Signal by 78.4% in the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock valued at $31,000 after buying an additional 185 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Federal Signal by 66.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate's stock valued at $814,000 after buying an additional 4,405 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Federal Signal by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 330,981 shares of the conglomerate's stock valued at $24,344,000 after buying an additional 7,425 shares during the period. 92.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. DA Davidson boosted their price objective on shares of Federal Signal from $84.00 to $96.00 and gave the company a "neutral" rating in a research report on Tuesday, June 24th. Raymond James Financial set a $120.00 target price on shares of Federal Signal and gave the company an "outperform" rating in a research report on Monday, June 30th. Finally, KeyCorp reissued a "sector weight" rating on shares of Federal Signal in a research report on Friday, July 11th.

Federal Signal Stock Up 0.9%

Shares of Federal Signal stock traded up $0.96 during trading hours on Thursday, hitting $107.43. The company had a trading volume of 580,831 shares, compared to its average volume of 468,696. The company's 50-day moving average is $100.72 and its two-hundred day moving average is $90.94. Federal Signal Corporation has a twelve month low of $66.47 and a twelve month high of $114.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 1.09. The company has a market cap of $6.55 billion, a P/E ratio of 31.41, a price-to-earnings-growth ratio of 1.99 and a beta of 1.27.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.03. Federal Signal had a net margin of 11.10% and a return on equity of 18.44%. The company had revenue of $463.80 million for the quarter, compared to analysts' expectations of $462.63 million. During the same period last year, the company earned $0.64 EPS. The firm's revenue for the quarter was up 9.2% compared to the same quarter last year. Analysts anticipate that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

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

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, May 16th. Federal Signal's payout ratio is presently 16.37%.

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.