355,450 Shares in Federal Signal Corporation (NYSE:FSS) Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. purchased a new stake in Federal Signal Corporation (NYSE:FSS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 355,450 shares of the conglomerate's stock, valued at approximately $26,144,000. Vaughan Nelson Investment Management L.P. owned about 0.58% of Federal Signal as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in shares of Federal Signal during the first quarter worth approximately $29,000. Signaturefd LLC grew its position in Federal Signal by 37.4% in the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after purchasing an additional 165 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in shares of Federal Signal by 201.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock worth $48,000 after purchasing an additional 440 shares during the period. CoreCap Advisors LLC raised its holdings 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in Federal Signal by 15.6% in the 4th 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. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Price Performance

NYSE:FSS traded up $0.97 during trading hours on Wednesday, reaching $102.42. The company had a trading volume of 172,417 shares, compared to its average volume of 445,598. 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 stock has a 50-day moving average of $88.50 and a two-hundred day moving average of $89.20. Federal Signal Corporation has a one year low of $66.47 and a one year high of $103.37. The firm has a market capitalization of $6.24 billion, a PE ratio of 29.93, a PEG ratio of 1.89 and a beta of 1.26.

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

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Friday, May 16th. Federal Signal's payout ratio is currently 16.37%.

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

Analysts Set New Price Targets

FSS has been the topic of a number of research reports. KeyCorp upgraded Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 price objective on the stock in a research report on Monday, May 12th. Raymond James Financial lowered their price target on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. DA Davidson increased their price objective on shares of 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 lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st.

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.