Mutual of America Capital Management LLC Acquires 4,684 Shares of Federal Signal Corporation (NYSE:FSS)

Mutual of America Capital Management LLC boosted its stake in Federal Signal Corporation (NYSE:FSS - Free Report) by 4.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,238 shares of the conglomerate's stock after purchasing an additional 4,684 shares during the quarter. Mutual of America Capital Management LLC owned about 0.17% of Federal Signal worth $7,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in shares of Federal Signal during the first quarter worth approximately $29,000. Bessemer Group Inc. raised its stake in shares of 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 acquiring an additional 185 shares in the last quarter. Harbor Investment Advisory LLC raised its stake in shares of 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 acquiring an additional 440 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of 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 acquiring an additional 145 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of 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 acquiring an additional 162 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Trading Down 0.6%

FSS traded down $0.77 during trading on Friday, hitting $125.38. 338,350 shares of the stock traded hands, compared to its average volume of 911,893. The firm has a market capitalization of $7.62 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25. The firm has a 50-day moving average of $108.32 and a 200 day moving average of $93.40. Federal Signal Corporation has a 12-month low of $66.47 and a 12-month high of $128.50.

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

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

Federal Signal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Friday, August 15th will be given a $0.14 dividend. 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 (DPR) is currently 15.60%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Raymond James Financial lifted 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, July 31st. Wall Street Zen raised shares of Federal Signal from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. DA Davidson increased their price target on shares of Federal Signal from $100.00 to $112.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. KeyCorp reissued a "sector weight" rating on shares of Federal Signal in a research report on Friday, July 11th. Finally, CJS Securities reissued a "market perform" rating and set a $125.00 price target on shares of Federal Signal in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $123.00.

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.