Alps Advisors Inc. Increases Position in Federal Signal Corporation (NYSE:FSS)

Alps Advisors Inc. lifted its holdings in Federal Signal Corporation (NYSE:FSS - Free Report) by 8.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,847 shares of the conglomerate's stock after buying an additional 3,623 shares during the period. Alps Advisors Inc. owned approximately 0.08% of Federal Signal worth $3,593,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. California Public Employees Retirement System boosted its stake in shares of Federal Signal by 0.6% in the 4th quarter. California Public Employees Retirement System now owns 89,654 shares of the conglomerate's stock worth $8,283,000 after buying an additional 514 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Federal Signal by 21.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 15,641 shares of the conglomerate's stock worth $1,150,000 after buying an additional 2,724 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Federal Signal by 78.4% in the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock worth $31,000 after buying an additional 185 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Federal Signal by 66.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate's stock worth $814,000 after buying an additional 4,405 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Federal Signal in the 4th quarter worth approximately $36,636,000. Hedge funds and other institutional investors own 92.73% of the company's stock.

Wall Street Analysts Forecast Growth

FSS has been the topic of a number of research reports. KeyCorp reaffirmed a "sector weight" rating on shares of Federal Signal in a report on Friday. Raymond James Financial set a $120.00 price target on shares of Federal Signal and gave the stock an "outperform" rating in a report on Monday, June 30th. Finally, DA Davidson lifted their price target on shares of Federal Signal from $84.00 to $96.00 and gave the stock a "neutral" rating in a report on Tuesday, June 24th.

Federal Signal Trading Down 2.7%

NYSE:FSS opened at $110.03 on Friday. The stock has a market capitalization of $6.71 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The firm's 50 day moving average is $99.54 and its 200 day moving average is $90.66. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $114.40. The company has a current ratio of 2.39, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22.

Federal Signal (NYSE:FSS - Get Free Report) last posted its 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 the consensus estimate of $462.63 million. Federal Signal had a return on equity of 18.44% and a net margin of 11.10%. The business's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 earnings per share. Sell-side analysts expect that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.56 annualized dividend and a dividend yield of 0.51%. Federal Signal's dividend payout ratio is currently 16.37%.

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

About Federal Signal

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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