Federal Signal Co. (NYSE:FSS) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 36.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,200 shares of the conglomerate's stock after selling 36,600 shares during the period. Two Sigma Advisers LP owned 0.11% of Federal Signal worth $5,931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in Federal Signal by 37.4% during the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after acquiring an additional 165 shares in the last quarter. CoreCap Advisors LLC lifted its stake in Federal Signal by 19.9% during the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after acquiring an additional 145 shares in the last quarter. Mather Group LLC. lifted its stake in 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 acquiring an additional 149 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Federal Signal by 15.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock worth $124,000 after acquiring an additional 181 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Federal Signal by 182.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate's stock worth $127,000 after purchasing an additional 891 shares during the period. Institutional investors and hedge funds own 92.73% of the company's stock.

Federal Signal Stock Up 0.4%

Shares of FSS traded up $0.33 during mid-day trading on Friday, reaching $94.21. The company's stock had a trading volume of 50,104 shares, compared to its average volume of 542,915. Federal Signal Co. has a 12-month low of $66.47 and a 12-month high of $102.18. The stock has a market cap of $5.74 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The company's 50 day moving average is $82.13 and its 200 day moving average is $88.79.

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 18.46% and a net margin of 11.57%. 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. Equities analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal announced that its board has authorized a share repurchase program on Tuesday, April 22nd that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the conglomerate to purchase up to 3.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Federal Signal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, May 16th. This represents a $0.56 dividend on an annualized basis and a yield of 0.59%. Federal Signal's payout ratio is 16.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Raymond James cut their price target on Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Wall Street Zen downgraded Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. KeyCorp upgraded Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 price target on the stock in a report on Monday, May 12th. Finally, DA Davidson upped their price target on Federal Signal from $82.00 to $84.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $98.00.

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.