Federal Signal Co. (NYSE:FSS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its stake in Federal Signal Co. (NYSE:FSS - Free Report) by 73.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,780 shares of the conglomerate's stock after selling 51,779 shares during the quarter. Jane Street Group LLC's holdings in Federal Signal were worth $1,735,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC boosted 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 purchasing an additional 165 shares during the last quarter. Mather Group LLC. increased its holdings in shares of 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 buying an additional 149 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Federal Signal by 15.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock worth $124,000 after buying an additional 181 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Federal Signal by 182.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate's stock valued at $127,000 after acquiring an additional 891 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Federal Signal by 48.1% in the fourth quarter. NewEdge Advisors LLC now owns 1,586 shares of the conglomerate's stock valued at $146,000 after acquiring an additional 515 shares during the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman bought 1,250 shares of Federal Signal stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the purchase, the chief executive officer now 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 legal filing with the SEC, which can be accessed through the SEC website. 3.30% of the stock is currently owned by corporate insiders.

Federal Signal Stock Down 2.2%

Shares of NYSE:FSS traded down $2.13 during mid-day trading on Wednesday, hitting $93.16. 274,951 shares of the company traded hands, compared to its average volume of 436,810. The firm's 50 day simple moving average is $79.86 and its 200 day simple moving average is $88.52. The firm has a market cap of $5.68 billion, a P/E ratio of 27.00, a PEG 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.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.03. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The company had revenue of $463.80 million during the quarter, compared to the consensus estimate of $462.63 million. During the same quarter last year, the company earned $0.64 earnings per share. Federal Signal's revenue for the quarter was up 9.2% on a year-over-year basis. On average, equities analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal declared that its board has approved a share buyback plan 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 plans are often a sign that the company's board of directors believes its stock is undervalued.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.14 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.56 dividend on an annualized basis and a yield of 0.60%. Federal Signal's dividend payout ratio is currently 16.37%.

Wall Street Analysts Forecast Growth

FSS has been the subject of several research analyst reports. Raymond James dropped their price target on Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. DA Davidson increased 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. StockNews.com cut shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, KeyCorp upgraded shares of Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 price objective for the company in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Federal Signal has an average rating of "Moderate Buy" and an average price target of $98.00.

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.