Federal Signal Co. (NYSE:FSS) Stake Boosted by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 649,593 shares of the conglomerate's stock after acquiring an additional 3,242 shares during the period. Nuveen Asset Management LLC owned 1.06% of Federal Signal worth $60,016,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Federal Signal by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 7,247,803 shares of the conglomerate's stock worth $669,625,000 after acquiring an additional 93,597 shares during the period. Invesco Ltd. increased its position in Federal Signal by 12.4% during the 4th quarter. Invesco Ltd. now owns 2,199,200 shares of the conglomerate's stock worth $203,184,000 after purchasing an additional 242,840 shares in the last quarter. Geode Capital Management LLC increased its position in Federal Signal by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,630,971 shares of the conglomerate's stock worth $150,715,000 after purchasing an additional 29,197 shares in the last quarter. FMR LLC increased its position in Federal Signal by 19.4% during the 4th quarter. FMR LLC now owns 1,469,614 shares of the conglomerate's stock worth $135,778,000 after purchasing an additional 238,608 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Federal Signal by 56.5% during the 4th quarter. First Trust Advisors LP now owns 894,136 shares of the conglomerate's stock worth $82,609,000 after purchasing an additional 322,676 shares in the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on FSS shares. Raymond James dropped their target price on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Wall Street Zen downgraded shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. KeyCorp raised shares of Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 target price for the company in a research report on Monday, May 12th. Finally, DA Davidson increased their target price on shares of Federal Signal from $82.00 to $84.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Federal Signal currently has an average rating of "Moderate Buy" and an average target price of $98.00.

Federal Signal Stock Down 1.1%

NYSE:FSS traded down $0.98 during trading hours on Friday, hitting $92.12. The stock had a trading volume of 368,246 shares, compared to its average volume of 437,931. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a 1-year low of $66.47 and a 1-year high of $102.18. The business has a 50 day simple moving average of $80.76 and a two-hundred day simple moving average of $88.67. The company has a market cap of $5.62 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.03. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The company had revenue of $463.80 million during the quarter, compared to the consensus estimate of $462.63 million. During the same quarter last year, the company earned $0.64 earnings per share. Federal Signal's revenue for the quarter was up 9.2% on a year-over-year basis. Analysts predict that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.61%. The ex-dividend date is Friday, May 16th. Federal Signal's dividend payout ratio (DPR) is 16.37%.

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

Insider Buying and Selling at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman bought 1,250 shares of Federal Signal stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the purchase, the chief executive officer now owns 559,183 shares in the company, valued at $46,031,944.56. This represents a 0.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.30% of the stock is owned by corporate insiders.

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.