Nuveen Asset Management LLC Increases Stock Position in Federal Signal Co. (NYSE:FSS)

Nuveen Asset Management LLC increased its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 0.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 649,593 shares of the conglomerate's stock after buying 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 also recently added to or reduced their stakes in the business. CoreCap Advisors LLC increased its stake in Federal Signal by 19.9% in the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after acquiring an additional 145 shares during the last quarter. Mather Group LLC. grew its holdings in shares of Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock worth $82,000 after purchasing an additional 149 shares in the last quarter. Arizona State Retirement System increased its position in shares of Federal Signal by 0.9% in the fourth quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate's stock worth $1,640,000 after purchasing an additional 152 shares during the last quarter. Albion Financial Group UT raised its stake in Federal Signal by 1.3% in the fourth quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate's stock valued at $1,120,000 after purchasing an additional 153 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Federal Signal by 37.4% in the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock valued at $56,000 after purchasing an additional 165 shares in the last quarter. Institutional investors own 92.73% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CEO Jennifer L. Sherman purchased 1,250 shares of Federal Signal stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the transaction, the chief executive officer now directly owns 559,183 shares in the company, valued at $46,031,944.56. The trade was a 0.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is currently owned by corporate insiders.

Federal Signal Price Performance

NYSE FSS traded down $0.16 on Thursday, reaching $93.01. 292,113 shares of the company's stock traded hands, compared to its average volume of 435,394. Federal Signal Co. has a 12 month low of $66.47 and a 12 month high of $102.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The stock has a 50-day simple moving average of $80.18 and a 200 day simple moving average of $88.55. The stock has a market cap of $5.67 billion, a PE ratio of 26.96, a P/E/G ratio of 1.85 and a beta of 1.23.

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

Federal Signal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.56 annualized dividend and a dividend yield of 0.60%. Federal Signal's dividend payout ratio is currently 16.37%.

Federal Signal announced that its board has authorized a share repurchase plan on Tuesday, April 22nd that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the conglomerate to reacquire up to 3.3% of its shares through open market purchases. Shares buyback plans are usually an indication 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.