Federal Signal Corporation (NYSE:FSS) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. cut its stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 46.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,182 shares of the conglomerate's stock after selling 7,154 shares during the quarter. Brown Advisory Inc.'s holdings in Federal Signal were worth $602,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new stake in Federal Signal in the 1st quarter valued at about $29,000. Bessemer Group Inc. increased its stake in shares of Federal Signal by 78.4% in the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock valued at $31,000 after purchasing an additional 185 shares during the period. Harbor Investment Advisory LLC raised its holdings in shares of Federal Signal by 201.8% during 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 boosted its position in shares of Federal Signal by 37.4% during the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after buying an additional 165 shares during the period. Finally, CoreCap Advisors LLC grew its holdings in Federal Signal by 19.9% in 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 and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FSS shares. KeyCorp reaffirmed a "sector weight" rating on shares of Federal Signal in a research note on Friday, July 11th. DA Davidson upped their price objective 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. Finally, Raymond James Financial set a $120.00 target price on shares of Federal Signal and gave the company an "outperform" rating in a research report on Monday, June 30th.

Federal Signal Price Performance

NYSE FSS traded up $0.96 on Thursday, reaching $107.43. 580,831 shares of the stock traded hands, compared to its average volume of 468,696. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $114.40. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 31.41, a P/E/G ratio of 1.99 and a beta of 1.27. The firm's fifty day simple moving average is $100.72 and its 200 day simple moving average is $90.94. 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 announced its earnings results on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.03. The business had revenue of $463.80 million during the quarter, compared to analysts' expectations of $462.63 million. Federal Signal had a return on equity of 18.44% and a net margin of 11.10%. The company's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the business posted $0.64 earnings per share. As a group, research analysts predict that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders 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 annualized dividend and a dividend yield of 0.52%. Federal Signal's dividend payout ratio is currently 16.37%.

Federal Signal announced that its Board of Directors has authorized a share buyback program on Tuesday, April 22nd that allows the company to buyback $150.00 million in shares. This buyback authorization allows the conglomerate to purchase up to 3.3% of its stock through open market purchases. Stock buyback programs are usually a sign 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.