UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in Federal Signal Co. (NYSE:FSS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Federal Signal Co. (NYSE:FSS - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 174,401 shares of the conglomerate's stock after purchasing an additional 21,971 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.29% of Federal Signal worth $16,113,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC lifted its position in shares of Federal Signal by 37.4% during the 4th 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. CoreCap Advisors LLC raised its stake in 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. Mather Group LLC. lifted its holdings 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 boosted its position in 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 purchasing an additional 181 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Federal Signal by 182.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate's stock worth $127,000 after purchasing an additional 891 shares during the period. 92.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. DA Davidson boosted 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. KeyCorp raised shares of Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 target price on the stock in a report on Monday, May 12th. Wall Street Zen lowered Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Finally, Raymond James reduced their price target on Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a research report on Monday, April 14th.

Federal Signal Price Performance

Shares of FSS stock traded up $0.24 during trading hours on Friday, reaching $94.12. The stock had a trading volume of 417,405 shares, compared to its average volume of 438,199. The stock's fifty day simple moving average is $82.43 and its 200 day simple moving average is $88.79. The firm has a market capitalization of $5.74 billion, a PE ratio of 27.28, a PEG ratio of 1.85 and a beta of 1.23. Federal Signal Co. has a 12 month low of $66.47 and a 12 month high of $102.18. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19.

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 the consensus estimate of $0.73 by $0.03. The firm had revenue of $463.80 million during the quarter, compared to the consensus estimate of $462.63 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. On average, equities research analysts predict that Federal Signal Co. will post 3.34 EPS for the current 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 given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.59%. The ex-dividend date was Friday, May 16th. Federal Signal's payout ratio is 16.37%.

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

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.