Federal Signal Corporation (NYSE:FSS) Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL reduced its stake in Federal Signal Corporation by 20.7% during Q1, now holding 29,877 shares valued at $2.2 million.
• Federal Signal reported an earnings per share (EPS) of $1.17 for the last quarter, exceeding expectations and contributing to a 15.1% year-over-year revenue growth.
• The company has initiated a $150 million stock repurchase plan, indicating management's belief that its stock is undervalued.

Blair William & Co. IL decreased its stake in Federal Signal Corporation (NYSE:FSS - Free Report) by 20.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,877 shares of the conglomerate's stock after selling 7,787 shares during the period. Blair William & Co. IL's holdings in Federal Signal were worth $2,197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in shares of Federal Signal in the 1st quarter worth about $876,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Federal Signal by 21.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 15,641 shares of the conglomerate's stock valued at $1,150,000 after purchasing an additional 2,724 shares during the period. Bessemer Group Inc. grew its stake 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 buying an additional 185 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Federal Signal by 66.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate's stock valued at $814,000 after buying an additional 4,405 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Federal Signal by 2.3% during the first quarter. Principal Financial Group Inc. now owns 330,981 shares of the conglomerate's stock valued at $24,344,000 after buying an additional 7,425 shares during the last quarter. Institutional investors own 92.73% of the company's stock.

Wall Street Analysts Forecast Growth

FSS has been the topic of several research reports. CJS Securities reaffirmed a "market perform" rating and issued a $125.00 price objective on shares of Federal Signal in a research report on Thursday, July 31st. KeyCorp restated a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. Raymond James Financial raised their price objective on shares of Federal Signal from $120.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. DA Davidson increased their price objective on shares of Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Federal Signal from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $123.00.

Federal Signal Stock Up 0.7%

NYSE:FSS traded up $0.91 during mid-day trading on Monday, reaching $126.30. The company's stock had a trading volume of 789,961 shares, compared to its average volume of 589,950. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $128.50. The stock has a fifty day moving average of $108.97 and a 200-day moving average of $93.53. The firm has a market capitalization of $7.68 billion, a PE ratio of 35.18, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30. The company has a quick ratio of 1.25, a current ratio of 2.60 and a debt-to-equity ratio of 0.20.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $1.17 EPS for the quarter, beating the consensus estimate of $1.06 by $0.11. The business had revenue of $564.60 million during the quarter, compared to analyst estimates of $537.24 million. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The company's quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 earnings per share. Equities research analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Friday, August 15th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, August 15th. Federal Signal's dividend payout ratio is presently 15.60%.

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