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

Mutual of America Capital Management LLC grew its stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,238 shares of the conglomerate's stock after acquiring an additional 4,684 shares during the period. Mutual of America Capital Management LLC owned 0.17% of Federal Signal worth $7,667,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CoreCap Advisors LLC raised its position in shares of Federal Signal by 19.9% in the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after buying an additional 145 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of Federal Signal by 16.9% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock worth $82,000 after buying an additional 162 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Federal Signal by 78.4% in the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock worth $31,000 after buying an additional 185 shares in the last quarter. Summit Investment Advisors Inc. raised its position in shares of Federal Signal by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,292 shares of the conglomerate's stock worth $581,000 after buying an additional 200 shares in the last quarter. Finally, Xponance Inc. raised its position in shares of Federal Signal by 5.2% in the first quarter. Xponance Inc. now owns 4,540 shares of the conglomerate's stock worth $334,000 after buying an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.

Federal Signal Trading Down 0.6%

Shares of NYSE:FSS traded down $0.77 on Friday, reaching $125.38. 338,350 shares of the company traded hands, compared to its average volume of 911,893. The business's 50-day simple moving average is $108.32 and its 200 day simple moving average is $93.44. Federal Signal Corporation has a 52 week low of $66.47 and a 52 week high of $128.50. The stock has a market capitalization of $7.62 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20.

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

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Friday, August 15th will be paid 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 0.4%. Federal Signal's dividend payout ratio (DPR) is presently 15.60%.

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

Analyst Upgrades and Downgrades

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