GW&K Investment Management LLC Purchases 3,734 Shares of Federal Signal Corporation (NYSE:FSS)

GW&K Investment Management LLC boosted its position in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 0.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 544,463 shares of the conglomerate's stock after buying an additional 3,734 shares during the quarter. GW&K Investment Management LLC owned 0.89% of Federal Signal worth $40,045,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of FSS. Envestnet Portfolio Solutions Inc. boosted its stake in Federal Signal by 30.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,911 shares of the conglomerate's stock worth $361,000 after buying an additional 923 shares during the period. Signaturefd LLC lifted its position in shares of Federal Signal by 37.4% during the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after purchasing an additional 165 shares during the last quarter. Xponance Inc. lifted its position in shares of Federal Signal by 9.7% during the fourth quarter. Xponance Inc. now owns 4,314 shares of the conglomerate's stock worth $399,000 after purchasing an additional 381 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Federal Signal during the fourth quarter worth $1,155,000. Finally, LPL Financial LLC lifted its position in shares of Federal Signal by 57.4% during the fourth quarter. LPL Financial LLC now owns 21,098 shares of the conglomerate's stock worth $1,949,000 after purchasing an additional 7,696 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FSS shares. Raymond James Financial set a $120.00 target price on Federal Signal and gave the stock an "outperform" rating in a research report on Monday, June 30th. KeyCorp reiterated a "sector weight" rating on shares of Federal Signal in a research report on Friday, July 11th. Finally, DA Davidson lifted their target price on Federal Signal from $96.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday.

Federal Signal Stock Up 0.3%

Shares of FSS stock traded up $0.33 on Friday, hitting $107.81. The stock had a trading volume of 128,787 shares, compared to its average volume of 551,216. The company has a quick ratio of 1.09, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $102.59 and a 200 day moving average price of $91.56. The company has a market cap of $6.57 billion, a PE ratio of 31.49, a P/E/G ratio of 2.02 and a beta of 1.27. Federal Signal Corporation has a one year low of $66.47 and a one year high of $114.40.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.03. The firm had revenue of $463.80 million during the quarter, compared to the consensus estimate of $462.63 million. Federal Signal had a return on equity of 18.44% and a net margin of 11.10%. The firm's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. Research analysts anticipate that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Friday, August 15th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.56 annualized dividend and a dividend yield of 0.52%. Federal Signal's payout ratio is currently 16.37%.

Federal Signal declared that its Board of Directors has approved a share buyback program on Tuesday, April 22nd that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the conglomerate to purchase up to 3.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

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.