Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 21.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,939 shares of the conglomerate's stock after buying an additional 32,340 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.30% of Federal Signal worth $13,602,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in FSS. Capital World Investors acquired a new stake in shares of Federal Signal during the 4th quarter valued at $79,810,000. Norges Bank acquired a new position in shares of Federal Signal during the 4th quarter valued at about $78,192,000. Raymond James Financial Inc. bought a new position in shares of Federal Signal in the fourth quarter valued at approximately $36,636,000. First Trust Advisors LP grew its stake in Federal Signal by 56.5% in the 4th quarter. First Trust Advisors LP now owns 894,136 shares of the conglomerate's stock valued at $82,609,000 after buying an additional 322,676 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Federal Signal by 12.4% during the 4th quarter. Invesco Ltd. now owns 2,199,200 shares of the conglomerate's stock worth $203,184,000 after acquiring an additional 242,840 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have issued reports on FSS. KeyCorp upgraded shares of Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 price target on the stock in a research report on Monday, May 12th. Raymond James cut their target price on Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. DA Davidson boosted their price target on shares of Federal Signal from $82.00 to $84.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Finally, Wall Street Zen cut Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st.
Read Our Latest Stock Analysis on FSS
Federal Signal Price Performance
Shares of FSS traded up $0.31 during mid-day trading on Friday, hitting $99.53. 581,713 shares of the company traded hands, compared to its average volume of 444,910. The business has a 50-day moving average of $86.73 and a 200 day moving average of $89.19. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 1.85 and a beta of 1.26. Federal Signal Co. has a one year low of $66.47 and a one year high of $102.44. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19.
Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.03. The company 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 18.46% and a net margin of 11.57%. The firm'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 EPS. As a group, equities analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.
Federal Signal Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.56%. The ex-dividend date was Friday, May 16th. Federal Signal's 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 authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes 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 leadership believes its stock is undervalued.
Federal Signal 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.
See Also
Before you consider Federal Signal, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Federal Signal wasn't on the list.
While Federal Signal currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
