Alps Advisors Inc. lifted its position in Federal Signal Corporation (NYSE:FSS - Free Report) by 8.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,847 shares of the conglomerate's stock after purchasing an additional 3,623 shares during the quarter. Alps Advisors Inc. owned 0.08% of Federal Signal worth $3,593,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Federal Signal in the 1st quarter valued at approximately $29,000. Bessemer Group Inc. raised its holdings 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 acquiring an additional 185 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in Federal Signal by 201.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock valued at $48,000 after acquiring an additional 440 shares in the last quarter. Signaturefd LLC raised its holdings in 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 in the last quarter. Finally, CoreCap Advisors LLC raised its holdings in shares of Federal Signal by 19.9% during the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after buying an additional 145 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.
Federal Signal Trading Down 0.8%
Shares of Federal Signal stock traded down $0.86 on Tuesday, hitting $107.06. 479,261 shares of the company's stock traded hands, compared to its average volume of 468,310. Federal Signal Corporation has a one year low of $66.47 and a one year 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 fifty day moving average of $99.54 and a two-hundred day moving average of $90.61. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 2.05 and a beta of 1.27.
Federal Signal (NYSE:FSS - Get Free Report) last announced its earnings results on Wednesday, April 30th. The conglomerate reported $0.76 EPS for the quarter, beating the consensus estimate of $0.73 by $0.03. The company had revenue of $463.80 million for the quarter, compared to analyst estimates of $462.63 million. Federal Signal had a return on equity of 18.44% and a net margin of 11.10%. The firm's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 EPS. As a group, sell-side analysts expect that Federal Signal Corporation will post 3.34 earnings per share for the current year.
Federal Signal Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.52%. The ex-dividend date was Friday, May 16th. Federal Signal's dividend payout ratio (DPR) is 16.37%.
Federal Signal declared that its Board of Directors has authorized a share buyback plan 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 shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.
Analysts Set New Price Targets
A number of research firms have recently commented on FSS. Raymond James Financial set a $120.00 price target on Federal Signal and gave the stock an "outperform" rating in a report on Monday, June 30th. DA Davidson upped their price target on Federal Signal from $84.00 to $96.00 and gave the company a "neutral" rating in a research report on Tuesday, June 24th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Federal Signal in a research report on Friday.
View Our Latest Report on FSS
Federal Signal Company Profile
(
Free Report)
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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