Accurate Wealth Management LLC Invests $1.09 Million in Federal Signal Co. (NYSE:FSS)

Accurate Wealth Management LLC acquired a new stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,223 shares of the conglomerate's stock, valued at approximately $1,085,000.

A number of other large investors have also recently added to or reduced their stakes in FSS. Harbor Investment Advisory LLC increased its holdings in Federal Signal by 201.8% in the first quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock valued at $48,000 after buying an additional 440 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Federal Signal by 37.4% in the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock valued at $56,000 after acquiring an additional 165 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of Federal Signal by 19.9% during the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock valued at $81,000 after acquiring an additional 145 shares in the last quarter. Steward Partners Investment Advisory LLC lifted 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 purchasing an additional 181 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its holdings in Federal Signal by 21.4% in the first quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the conglomerate's stock worth $125,000 after purchasing an additional 300 shares during the period. 92.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on FSS shares. DA Davidson increased their target price on Federal Signal from $82.00 to $84.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Wall Street Zen lowered Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. 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 research note on Monday, May 12th. Finally, Raymond James lowered their price target on Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a report on Monday, April 14th.

Federal Signal Price Performance

NYSE FSS traded up $0.29 on Tuesday, reaching $100.75. The company's stock had a trading volume of 360,716 shares, compared to its average volume of 441,941. Federal Signal Co. has a twelve month low of $66.47 and a twelve month high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The firm's 50 day moving average is $85.01 and its two-hundred day moving average is $89.02. The stock has a market cap of $6.14 billion, a PE ratio of 29.20, a PEG ratio of 1.85 and a beta of 1.26.

Federal Signal (NYSE:FSS - Get Free Report) last posted 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. The firm had revenue of $463.80 million for 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 firm's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 earnings per share. As a group, sell-side analysts predict that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Announces Dividend

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

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

Federal Signal 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.