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

Robeco Schweiz AG lowered its stake in Federal Signal Corporation (NYSE:FSS - Free Report) by 2.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,848 shares of the conglomerate's stock after selling 7,288 shares during the period. Robeco Schweiz AG owned 0.46% of Federal Signal worth $20,509,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FSS. Vanguard Group Inc. lifted its holdings in shares of Federal Signal by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 7,247,803 shares of the conglomerate's stock worth $669,625,000 after purchasing an additional 93,597 shares during the period. Invesco Ltd. increased its stake in Federal Signal by 12.4% in the fourth quarter. Invesco Ltd. now owns 2,199,200 shares of the conglomerate's stock valued at $203,184,000 after purchasing an additional 242,840 shares in the last quarter. Geode Capital Management LLC increased its stake in Federal Signal by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,630,971 shares of the conglomerate's stock valued at $150,715,000 after purchasing an additional 29,197 shares in the last quarter. FMR LLC increased its stake in Federal Signal by 19.4% in the fourth quarter. FMR LLC now owns 1,469,614 shares of the conglomerate's stock valued at $135,778,000 after purchasing an additional 238,608 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Federal Signal by 56.5% during the fourth quarter. First Trust Advisors LP now owns 894,136 shares of the conglomerate's stock worth $82,609,000 after acquiring an additional 322,676 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. DA Davidson boosted their target price on shares of Federal Signal from $84.00 to $96.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 24th. KeyCorp restated a "sector weight" rating on shares of Federal Signal in a report on Friday. Finally, Raymond James Financial set a $120.00 price target on shares of Federal Signal and gave the stock an "outperform" rating in a report on Monday, June 30th.

Federal Signal Stock Performance

FSS traded down $3.05 during midday trading on Friday, reaching $110.03. The company had a trading volume of 1,128,138 shares, compared to its average volume of 466,684. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.39. The stock has a market cap of $6.71 billion, a PE ratio of 32.17, a P/E/G ratio of 2.11 and a beta of 1.27. Federal Signal Corporation has a 12-month low of $66.47 and a 12-month high of $114.40. The business has a 50-day moving average price of $99.54 and a two-hundred day moving average price of $90.66.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The conglomerate reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.03. Federal Signal had a net margin of 11.10% and a return on equity of 18.44%. The company had revenue of $463.80 million for the quarter, compared to analysts' expectations of $462.63 million. During the same period in the prior year, the company posted $0.64 EPS. Federal Signal's revenue was up 9.2% compared to the same quarter last year. On average, sell-side analysts expect that Federal Signal Corporation 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 was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.51%. 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 of Directors has initiated a share repurchase program on Tuesday, April 22nd that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the conglomerate to buy up to 3.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are 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.