4,193 Shares in Federal Signal Corporation (NYSE:FSS) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in Federal Signal Corporation (NYSE:FSS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,193 shares of the conglomerate's stock, valued at approximately $308,000.

Several other hedge funds have also recently added to or reduced their stakes in FSS. CoreCap Advisors LLC increased its stake in shares of Federal Signal by 19.9% during the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock valued at $81,000 after acquiring an additional 145 shares during the period. Arizona State Retirement System boosted its stake in Federal Signal by 0.9% during the 4th quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate's stock valued at $1,640,000 after purchasing an additional 152 shares in the last quarter. Signaturefd LLC increased its position in shares of Federal Signal by 37.4% during the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock valued at $56,000 after purchasing an additional 165 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Federal Signal by 15.6% in the 4th 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 in the last quarter. Finally, Summit Investment Advisors Inc. lifted its holdings in shares of Federal Signal by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,292 shares of the conglomerate's stock valued at $581,000 after buying an additional 200 shares during the period. Institutional investors own 92.73% of the company's stock.

Wall Street Analyst Weigh In

FSS has been the topic of a number of research analyst reports. KeyCorp raised Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 target price on the stock in a report on Monday, May 12th. Wall Street Zen lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Raymond James Financial lowered their price objective on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, DA Davidson increased their target price on shares of Federal Signal from $84.00 to $96.00 and gave the company a "neutral" rating in a research note on Tuesday.

Federal Signal Trading Up 2.2%

NYSE:FSS opened at $105.06 on Friday. The stock has a fifty day simple moving average of $91.71 and a 200 day simple moving average of $89.43. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 1.92 and a beta of 1.26. Federal Signal Corporation has a 1-year low of $66.47 and a 1-year high of $105.12. The company has a quick ratio of 1.09, a current ratio of 2.39 and a debt-to-equity ratio of 0.22.

Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share 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 firm had revenue of $463.80 million for the quarter, compared to analysts' expectations of $462.63 million. During the same period in the previous year, the company posted $0.64 EPS. The company's quarterly revenue was up 9.2% compared to the same quarter last year. Sell-side analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.14 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.56 dividend on an annualized basis and a yield of 0.53%. Federal Signal's dividend payout ratio (DPR) is currently 16.37%.

Federal Signal declared that its board has authorized a share repurchase plan 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 stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are 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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