Robeco Schweiz AG Trims Stake in Federal Signal Corporation (NYSE:FSS)

Robeco Schweiz AG lessened its position in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 2.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 278,848 shares of the conglomerate's stock after selling 7,288 shares during the quarter. Robeco Schweiz AG owned about 0.46% of Federal Signal worth $20,509,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CoreCap Advisors LLC increased its holdings in shares of 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 acquiring an additional 145 shares during the period. Creative Financial Designs Inc. ADV increased its stake in Federal Signal by 16.9% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock valued at $82,000 after purchasing an additional 162 shares during the period. Signaturefd LLC raised its holdings in shares of 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 buying an additional 165 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Federal Signal by 15.6% during the fourth 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 during the period. Finally, Bessemer Group Inc. boosted its stake in shares of Federal Signal by 78.4% during the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock worth $31,000 after buying an additional 185 shares during the period. Hedge funds and other institutional investors own 92.73% of the company's stock.

Federal Signal Price Performance

Shares of NYSE:FSS opened at $113.15 on Friday. The company has a quick ratio of 1.09, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $98.49 and a 200 day moving average price of $90.39. Federal Signal Corporation has a 52 week low of $66.47 and a 52 week high of $114.40. The company has a market cap of $6.90 billion, a P/E ratio of 33.08, a PEG ratio of 2.10 and a beta of 1.27.

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 for the quarter, topping analysts' consensus estimates of $0.73 by $0.03. The firm had revenue of $463.80 million for the quarter, compared to analyst estimates of $462.63 million. Federal Signal had a return on equity of 18.44% and a net margin of 11.10%. Federal Signal's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 earnings per share. Research analysts predict that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, May 16th. Federal Signal's dividend payout ratio is currently 16.37%.

Federal Signal announced that its board has approved a share buyback program on Tuesday, April 22nd that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the conglomerate to purchase up to 3.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

FSS has been the subject of several analyst reports. DA Davidson upped their price objective on Federal Signal from $84.00 to $96.00 and gave the company a "neutral" rating in a research note on Tuesday, June 24th. KeyCorp raised Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 price target for the company in a report on Monday, May 12th. Finally, Raymond James Financial set a $120.00 price objective on shares of Federal Signal and gave the company an "outperform" rating in a research note on Monday, June 30th.

About Federal Signal

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.

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