Point72 Asset Management L.P. Purchases 3,400 Shares of Federal Signal Co. (NYSE:FSS)

Point72 Asset Management L.P. boosted its position in Federal Signal Co. (NYSE:FSS - Free Report) by 40.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,800 shares of the conglomerate's stock after buying an additional 3,400 shares during the quarter. Point72 Asset Management L.P.'s holdings in Federal Signal were worth $1,090,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC raised its position in Federal Signal by 37.4% in the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock valued at $56,000 after buying an additional 165 shares during the last quarter. CoreCap Advisors LLC raised its position in Federal Signal by 19.9% in the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock valued at $81,000 after buying an additional 145 shares during the last quarter. Mather Group LLC. raised its position in Federal Signal by 20.1% in the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock valued at $82,000 after buying an additional 149 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in Federal Signal by 15.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock valued at $124,000 after buying an additional 181 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Federal Signal by 182.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate's stock valued at $127,000 after buying an additional 891 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Analyst Upgrades and Downgrades

FSS has been the topic of a number of recent research reports. Raymond James dropped their target price on Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Wall Street Zen lowered Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. DA Davidson boosted their price target on Federal Signal from $82.00 to $84.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Finally, KeyCorp raised 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $98.00.

Insider Transactions 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 of the company's stock, valued at $46,031,944.56. The trade was a 0.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Federal Signal Stock Up 2.6%

Shares of NYSE:FSS traded up $2.38 during trading on Tuesday, hitting $94.43. 97,935 shares of the company were exchanged, compared to its average volume of 436,617. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 27.35, a P/E/G ratio of 1.85 and a beta of 1.23. Federal Signal Co. has a fifty-two week low of $66.47 and a fifty-two week high of $102.18. The firm has a fifty day moving average price of $81.05 and a two-hundred day moving average price of $88.69. 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 (NYSE:FSS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The conglomerate reported $0.76 EPS for the quarter, topping the consensus estimate of $0.73 by $0.03. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company had revenue of $463.80 million during the quarter, compared to the consensus estimate of $462.63 million. During the same period in the previous year, the company posted $0.64 EPS. The firm's revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, research analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.56 annualized dividend and a dividend yield of 0.59%. Federal Signal's dividend payout ratio is currently 16.37%.

Federal Signal announced that its board has initiated a stock buyback plan 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 plans are often a sign that the company's board of directors believes its stock is undervalued.

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.