Teza Capital Management LLC Grows Position in Federal Signal Co. (NYSE:FSS)

Teza Capital Management LLC increased its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 194.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,604 shares of the conglomerate's stock after acquiring an additional 5,018 shares during the quarter. Teza Capital Management LLC's holdings in Federal Signal were worth $703,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in Federal Signal by 37.4% in the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after acquiring an additional 165 shares during the period. CoreCap Advisors LLC lifted its position in shares of 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 buying an additional 145 shares during the last quarter. Mather Group LLC. lifted its position in shares of 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 buying an additional 149 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position 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 valued at $124,000 after buying an additional 181 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Federal Signal by 182.6% during the fourth 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. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Stock Performance

Shares of Federal Signal stock opened at $95.90 on Tuesday. The firm has a market capitalization of $5.85 billion, a P/E ratio of 27.80, a PEG ratio of 1.85 and a beta of 1.23. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average price of $79.47 and a 200 day moving average price of $88.48. Federal Signal Co. has a 52 week low of $66.47 and a 52 week high of $102.18.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 EPS for the quarter, beating the consensus estimate of $0.73 by $0.03. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm had revenue of $463.80 million during the quarter, compared to analyst estimates of $462.63 million. During the same period last year, the firm posted $0.64 EPS. Federal Signal's revenue was up 9.2% on a year-over-year basis. Sell-side analysts expect that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Announces Dividend

The firm 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 $0.14 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.56 annualized dividend and a yield of 0.58%. Federal Signal's dividend payout ratio (DPR) is presently 16.37%.

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. DA Davidson increased their price target on shares of 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 decreased their price objective on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. KeyCorp raised shares of Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 price objective for the company in a research report on Monday, May 12th. Finally, StockNews.com lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Federal Signal has a consensus rating of "Moderate Buy" and an average price target of $98.00.

Insider Buying and Selling

In other Federal Signal 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 bought at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the acquisition, the chief executive officer now owns 559,183 shares in the company, valued at $46,031,944.56. This represents a 0.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.30% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.