Public Employees Retirement System of Ohio Buys 3,377 Shares of Federal Signal Co. (NYSE:FSS)

Public Employees Retirement System of Ohio boosted its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,443 shares of the conglomerate's stock after acquiring an additional 3,377 shares during the period. Public Employees Retirement System of Ohio's holdings in Federal Signal were worth $1,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC increased its position in Federal Signal by 338.7% during the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock worth $13,569,000 after buying an additional 112,092 shares during the last quarter. KBC Group NV raised its position in Federal Signal by 51.9% during the fourth quarter. KBC Group NV now owns 2,728 shares of the conglomerate's stock valued at $252,000 after purchasing an additional 932 shares in the last quarter. Mather Group LLC. raised its position in Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock valued at $82,000 after purchasing an additional 149 shares in the last quarter. Van ECK Associates Corp raised its position in Federal Signal by 40.1% during the fourth quarter. Van ECK Associates Corp now owns 52,216 shares of the conglomerate's stock valued at $4,824,000 after purchasing an additional 14,953 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Federal Signal by 0.3% during the fourth quarter. Rhumbline Advisers now owns 164,292 shares of the conglomerate's stock worth $15,179,000 after buying an additional 462 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Raymond James decreased their price objective on Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Wall Street Zen downgraded Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. KeyCorp raised 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. Finally, DA Davidson lifted their target price on shares of Federal Signal from $82.00 to $84.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th.

Federal Signal Trading Up 1.2%

NYSE FSS traded up $1.18 during trading on Thursday, hitting $99.39. 450,145 shares of the company's stock traded hands, compared to its average volume of 439,599. The stock has a fifty day moving average of $83.54 and a two-hundred day moving average of $88.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. Federal Signal Co. has a 12-month low of $66.47 and a 12-month high of $102.18. The firm has a market cap of $6.06 billion, a P/E ratio of 28.81, a PEG ratio of 1.85 and a beta of 1.23.

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 company 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%. Federal Signal's revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share. As a group, sell-side analysts expect that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Friday, May 16th. Federal Signal's dividend payout ratio is presently 16.37%.

Federal Signal announced that its Board of Directors has approved a stock repurchase program on Tuesday, April 22nd that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the conglomerate to reacquire up to 3.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are 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.