Squarepoint Ops LLC raised its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 412.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,018 shares of the conglomerate's stock after purchasing an additional 16,113 shares during the quarter. Squarepoint Ops LLC's holdings in Federal Signal were worth $1,849,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. California Public Employees Retirement System increased its stake in shares of Federal Signal by 0.6% in the 4th quarter. California Public Employees Retirement System now owns 89,654 shares of the conglomerate's stock valued at $8,283,000 after buying an additional 514 shares during the period. Barclays PLC grew its stake in shares of Federal Signal by 338.7% during the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock worth $13,569,000 after purchasing an additional 112,092 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Federal Signal by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate's stock worth $72,112,000 after purchasing an additional 11,466 shares during the period. Victory Capital Management Inc. grew its stake in shares of Federal Signal by 84.1% during the fourth quarter. Victory Capital Management Inc. now owns 219,147 shares of the conglomerate's stock worth $20,247,000 after purchasing an additional 100,135 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Federal Signal during the fourth quarter worth $36,636,000. 92.73% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on FSS. KeyCorp raised Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 price objective for the company in a research note on Monday, May 12th. Raymond James decreased their target price 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. DA Davidson boosted their target price on Federal Signal from $82.00 to $84.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Finally, Wall Street Zen cut Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st.
Get Our Latest Report on Federal Signal
Federal Signal Trading Up 3.2%
NYSE:FSS traded up $2.99 on Tuesday, reaching $96.98. The company's stock had a trading volume of 446,698 shares, compared to its average volume of 438,030. Federal Signal Co. has a 1-year low of $66.47 and a 1-year high of $102.18. 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 cap of $5.91 billion, a PE ratio of 28.11, a PEG ratio of 1.85 and a beta of 1.23. The business's 50-day moving average price is $83.08 and its two-hundred day moving average price is $88.86.
Federal Signal (NYSE:FSS - Get Free Report) last issued 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. The company 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 18.46% and a net margin of 11.57%. The company's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 earnings per share. Equities research analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.
Federal Signal Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a $0.14 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.58%. Federal Signal's dividend payout ratio (DPR) is 16.37%.
Federal Signal announced that its Board of Directors has approved a share repurchase plan on Tuesday, April 22nd that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the conglomerate to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.
About Federal Signal
(
Free Report)
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.
Recommended Stories
Before you consider Federal Signal, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Federal Signal wasn't on the list.
While Federal Signal currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
