ProShare Advisors LLC Acquires 5,575 Shares of Federal Signal Co. (NYSE:FSS)

ProShare Advisors LLC boosted its position in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 44.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,141 shares of the conglomerate's stock after acquiring an additional 5,575 shares during the period. ProShare Advisors LLC's holdings in Federal Signal were worth $1,676,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Signaturefd LLC grew its holdings in shares of Federal Signal by 37.4% during the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after purchasing an additional 165 shares in the last quarter. CoreCap Advisors LLC lifted its position in Federal Signal by 19.9% during the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock valued at $81,000 after purchasing an additional 145 shares during the last quarter. Mather Group LLC. lifted its position in Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock valued at $82,000 after purchasing an additional 149 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake 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 worth $124,000 after buying an additional 181 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Federal Signal by 182.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate's stock worth $127,000 after buying an additional 891 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Jennifer L. Sherman purchased 1,250 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 559,183 shares in the company, valued at approximately $46,031,944.56. The trade was a 0.22% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.30% of the company's stock.

Federal Signal Trading Up 2.6%

NYSE:FSS traded up $2.38 during trading hours on Tuesday, reaching $94.43. The company's stock had a trading volume of 97,935 shares, compared to its average volume of 436,613. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 1.85 and a beta of 1.23. The firm has a 50-day simple moving average of $81.05 and a 200-day simple moving average of $88.69. Federal Signal Co. has a 1 year low of $66.47 and a 1 year high of $102.18.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $463.80 million for the quarter, compared to the consensus estimate of $462.63 million. During the same quarter in the previous year, the business earned $0.64 earnings per share. The company's quarterly revenue was up 9.2% on a year-over-year basis. Research analysts expect that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

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

Federal Signal Announces Dividend

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

Analyst Upgrades and Downgrades

FSS has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. DA Davidson raised their price target on Federal Signal from $82.00 to $84.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Raymond James dropped their price target on Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company 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 objective 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Federal Signal presently has an average rating of "Moderate Buy" and an average target price of $98.00.

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.