Universal Beteiligungs und Servicegesellschaft mbH Takes $13.69 Million Position in Federal Signal Co. (NYSE:FSS)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Federal Signal Co. (NYSE:FSS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 148,131 shares of the conglomerate's stock, valued at approximately $13,686,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.24% of Federal Signal at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in FSS. 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 acquiring an additional 165 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of Federal Signal by 19.9% in the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock valued at $81,000 after acquiring an additional 145 shares in the last quarter. Mather Group LLC. raised its holdings in shares of Federal Signal by 20.1% in the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock valued at $82,000 after acquiring an additional 149 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Federal Signal by 15.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock valued at $124,000 after acquiring an additional 181 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Federal Signal by 182.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate's stock valued at $127,000 after acquiring an additional 891 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Stock Up 3.2%

Federal Signal stock traded up $2.99 during trading hours on Tuesday, reaching $96.98. The stock had a trading volume of 446,698 shares, compared to its average volume of 438,030. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.85 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The business's 50 day moving average price is $83.08 and its 200-day moving average price is $88.86. 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 posted its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share (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 for the quarter, compared to the consensus estimate of $462.63 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. Sell-side analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal declared that its board has initiated a stock buyback plan on Tuesday, April 22nd that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the conglomerate to reacquire up to 3.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Federal Signal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.14 per share. The ex-dividend date was Friday, May 16th. This represents a $0.56 annualized dividend and a dividend yield of 0.58%. Federal Signal's dividend payout ratio (DPR) is currently 16.37%.

Analyst Ratings Changes

FSS has been the subject of a number of recent research reports. Raymond James reduced their target price on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a report on Monday, April 14th. KeyCorp upgraded shares of Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 target price for the company in a report on Monday, May 12th. Wall Street Zen downgraded shares of Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Finally, DA Davidson boosted their target price on shares of Federal Signal from $82.00 to $84.00 and gave the stock a "neutral" rating in a report on Monday, May 5th.

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.