Federal Signal Co. (NYSE:FSS) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 76.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,173 shares of the conglomerate's stock after selling 43,616 shares during the period. BNP Paribas Financial Markets' holdings in Federal Signal were worth $1,217,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in Federal Signal by 37.4% during the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after buying an additional 165 shares during the period. Mather Group LLC. grew its holdings in Federal Signal by 20.1% during the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock worth $82,000 after acquiring an additional 149 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Federal Signal by 15.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock worth $124,000 after acquiring an additional 181 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Federal Signal by 182.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate's stock worth $127,000 after acquiring an additional 891 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Federal Signal by 48.1% during the 4th quarter. NewEdge Advisors LLC now owns 1,586 shares of the conglomerate's stock worth $146,000 after acquiring an additional 515 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on FSS shares. Wall Street Zen cut shares of Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Raymond James lowered their target price on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a report on Monday, April 14th. KeyCorp upgraded shares of Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 target price for the company in a report on Monday, May 12th. Finally, DA Davidson increased their price target on shares of Federal Signal from $82.00 to $84.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $98.00.

Insider Activity

In other news, CEO Jennifer L. Sherman purchased 1,250 shares of the stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 559,183 shares in the company, valued at $46,031,944.56. This represents a 0.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.30% of the company's stock.

Federal Signal Stock Performance

Federal Signal stock traded down $0.98 during trading hours on Friday, reaching $92.12. 368,246 shares of the stock were exchanged, compared to its average volume of 437,931. The stock has a market cap of $5.62 billion, a P/E ratio of 26.70, a P/E/G ratio of 1.85 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. Federal Signal Co. has a 52-week low of $66.47 and a 52-week high of $102.18. The firm's 50 day moving average is $80.76 and its 200 day moving average is $88.67.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.03. The business had revenue of $463.80 million during the quarter, compared to the consensus estimate of $462.63 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business's revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS. Analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.61%. Federal Signal's dividend payout ratio is presently 16.37%.

Federal Signal announced that its Board of Directors has approved a share repurchase program on Tuesday, April 22nd that permits the company to buyback $150.00 million in shares. This buyback authorization permits the conglomerate to purchase 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.

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.