GSA Capital Partners LLP Makes New $876,000 Investment in Federal Signal Corporation (NYSE:FSS)

Key Points

• GSA Capital Partners LLP invested approximately $876,000 in Federal Signal Corporation during the first quarter, acquiring nearly 12,000 shares of the company.
• Federal Signal reported a quarterly EPS of $1.17, exceeding analysts' estimates and showcasing a year-over-year revenue increase of 15.1%.
• The company's board has initiated a $150 million share repurchase plan, indicating confidence in the stock's valuation and future performance.

GSA Capital Partners LLP acquired a new stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,913 shares of the conglomerate's stock, valued at approximately $876,000.

Several other institutional investors and hedge funds have also modified their holdings of FSS. Opal Wealth Advisors LLC purchased a new position in shares of Federal Signal during the first quarter valued at approximately $29,000. Bessemer Group Inc. raised its stake in Federal Signal by 78.4% during the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock worth $31,000 after purchasing an additional 185 shares during the period. Harbor Investment Advisory LLC raised its stake in Federal Signal by 201.8% during the first quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock worth $48,000 after purchasing an additional 440 shares during the period. CoreCap Advisors LLC raised its stake in Federal Signal by 19.9% during the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after purchasing an additional 145 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its stake in Federal Signal by 16.9% during the first quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock worth $82,000 after purchasing an additional 162 shares during the period. Hedge funds and other institutional investors own 92.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. CJS Securities downgraded shares of Federal Signal from a "strong-buy" rating to a "hold" rating and set a $125.00 price target on the stock. in a research note on Thursday. Raymond James Financial increased their price target on shares of Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday. KeyCorp reissued a "sector weight" rating on shares of Federal Signal in a research report on Friday, July 11th. 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 report on Thursday. Finally, Wall Street Zen raised shares of Federal Signal from a "hold" rating to a "buy" rating in a research report on Saturday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $123.00.

Federal Signal Stock Up 1.4%

FSS traded up $1.66 during trading hours on Monday, reaching $124.23. 243,582 shares of the stock traded hands, compared to its average volume of 583,757. The firm's fifty day simple moving average is $105.18 and its two-hundred day simple moving average is $92.41. The company has a market cap of $7.55 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 2.18 and a beta of 1.30. Federal Signal Corporation has a fifty-two week low of $66.47 and a fifty-two week high of $128.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates 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 business's revenue was up 15.1% on a year-over-year basis. During the same period last year, the business earned $0.95 EPS. As a group, analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Friday, August 15th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 15th. Federal Signal's dividend payout ratio (DPR) is presently 15.60%.

Federal Signal declared that its Board of Directors has authorized a stock buyback 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 an indication that the company's board of directors 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.