Universal Beteiligungs und Servicegesellschaft mbH Has $10.41 Million Holdings in Federal Signal Corporation (NYSE:FSS)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH sold 6,629 shares of Federal Signal Corporation, reducing its stake by 4.5%, leaving it with 141,502 shares valued at approximately $10.4 million.
• Federal Signal recently reported earnings of $0.76 per share, exceeding estimates and showing a 9.2% increase in revenue year-over-year, totaling $463.8 million for the quarter.
• The company initiated a stock buyback plan allowing repurchases of up to $150 million, indicating a belief that its shares are currently undervalued.

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 141,502 shares of the conglomerate's stock after selling 6,629 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.23% of Federal Signal worth $10,407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd bought a new position in Federal Signal during the first quarter worth about $553,000. GW&K Investment Management LLC lifted its holdings in Federal Signal by 0.7% during the first quarter. GW&K Investment Management LLC now owns 544,463 shares of the conglomerate's stock worth $40,045,000 after acquiring an additional 3,734 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Federal Signal by 119.2% in the first quarter. Allianz Asset Management GmbH now owns 5,700 shares of the conglomerate's stock valued at $419,000 after purchasing an additional 3,100 shares in the last quarter. MQS Management LLC bought a new stake in shares of Federal Signal in the first quarter valued at about $304,000. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of Federal Signal by 4.7% in the first quarter. Mutual of America Capital Management LLC now owns 104,238 shares of the conglomerate's stock valued at $7,667,000 after purchasing an additional 4,684 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FSS. DA Davidson boosted their price target on Federal Signal from $96.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Raymond James Financial set a $120.00 price target on Federal Signal and gave the company an "outperform" rating in a report on Monday, June 30th. Finally, KeyCorp restated a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th.

Federal Signal Stock Down 0.9%

Shares of NYSE:FSS traded down $0.95 during midday trading on Tuesday, reaching $106.77. The company had a trading volume of 99,657 shares, compared to its average volume of 552,441. The company has a quick ratio of 1.09, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. The business's 50 day moving average price is $103.09 and its 200 day moving average price is $91.77. The stock has a market cap of $6.51 billion, a PE ratio of 31.22, a P/E/G ratio of 2.37 and a beta of 1.27. Federal Signal Corporation has a 1-year low of $66.47 and a 1-year high of $114.40.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.03. The firm had revenue of $463.80 million for the quarter, compared to the consensus estimate of $462.63 million. Federal Signal had a return on equity of 18.44% and a net margin of 11.10%. The business's revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 earnings per share. Research analysts forecast that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Friday, August 15th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Friday, August 15th. Federal Signal's dividend payout ratio (DPR) is presently 16.37%.

Federal Signal declared that its Board of Directors has authorized a share repurchase program on Tuesday, April 22nd that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the conglomerate to reacquire up to 3.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Federal Signal Company 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.