Cerity Partners LLC Lowers Stock Holdings in Federal Signal Corporation (NYSE:FSS)

Cerity Partners LLC decreased its stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,703 shares of the conglomerate's stock after selling 10,125 shares during the quarter. Cerity Partners LLC owned approximately 0.21% of Federal Signal worth $9,540,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Federal Signal during the 1st quarter worth about $29,000. Bessemer Group Inc. increased its holdings in shares of 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 during the last quarter. Harbor Investment Advisory LLC increased its holdings in shares of 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 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. Finally, CoreCap Advisors LLC increased its holdings in shares of Federal Signal by 19.9% in 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 during the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on FSS shares. DA Davidson increased their price objective on Federal Signal from $84.00 to $96.00 and gave the company a "neutral" rating in a report on Tuesday, June 24th. KeyCorp reiterated a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. Finally, Raymond James Financial set a $120.00 price objective on Federal Signal and gave the company an "outperform" rating in a report on Monday, June 30th.

Federal Signal Stock Performance

NYSE:FSS traded up $0.26 during mid-day trading on Friday, reaching $107.44. 254,885 shares of the stock were exchanged, compared to its average volume of 467,355. The company has a 50 day simple moving average of $100.72 and a 200-day simple moving average of $90.94. The stock has a market capitalization of $6.55 billion, a P/E ratio of 31.44, a P/E/G ratio of 1.98 and a beta of 1.27. 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 Corporation has a 1 year low of $66.47 and a 1 year high of $114.40.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS. Analysts anticipate that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, April 22nd that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the conglomerate to purchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

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 paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.56 annualized dividend and a dividend yield of 0.52%. Federal Signal's dividend payout ratio (DPR) is currently 16.37%.

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.