XTX Topco Ltd Buys Shares of 26,171 Federal Signal Corporation (NYSE:FSS)

Key Points

• XTX Topco Ltd has acquired 26,171 shares of Federal Signal Corporation, valued at approximately $1,925,000, during the first quarter.
• Federal Signal recently reported earnings per share (EPS) of $1.17 for the quarter, exceeding expectations and marking a 15.1% increase in revenue compared to the previous year.
• The company has announced a quarterly dividend of $0.14 per share, which will be paid to shareholders on August 28th, and has authorized a $150 million stock buyback plan.

XTX Topco Ltd acquired a new stake in Federal Signal Corporation (NYSE:FSS - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 26,171 shares of the conglomerate's stock, valued at approximately $1,925,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. California Public Employees Retirement System grew its holdings in Federal Signal by 0.6% in the 4th quarter. California Public Employees Retirement System now owns 89,654 shares of the conglomerate's stock valued at $8,283,000 after buying an additional 514 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Federal Signal by 21.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 15,641 shares of the conglomerate's stock valued at $1,150,000 after buying an additional 2,724 shares in the last quarter. Bessemer Group Inc. grew its holdings in Federal Signal by 78.4% in the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock valued at $31,000 after buying an additional 185 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Federal Signal by 66.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate's stock valued at $814,000 after buying an additional 4,405 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Federal Signal by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 330,981 shares of the conglomerate's stock valued at $24,344,000 after buying an additional 7,425 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 down $4.09 during trading hours on Friday, hitting $122.48. The company's stock had a trading volume of 1,064,348 shares, compared to its average volume of 586,196. The stock has a fifty day simple moving average of $104.57 and a 200-day simple moving average of $92.30. The company has a market capitalization of $7.47 billion, a P/E ratio of 34.12, a PEG ratio of 2.58 and a beta of 1.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.09. Federal Signal Corporation has a twelve month low of $66.47 and a twelve month high of $128.50.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.11. The business had revenue of $564.60 million for the quarter, compared to analyst estimates of $537.24 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%. Federal Signal's revenue was up 15.1% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share. On average, analysts anticipate that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Friday, August 15th will be given a $0.14 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.56 annualized dividend and a yield of 0.5%. Federal Signal's dividend payout ratio (DPR) is currently 16.37%.

Federal Signal declared that its board has approved a stock repurchase plan on Tuesday, April 22nd that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the conglomerate to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. CJS Securities lowered Federal Signal from a "strong-buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a report on Thursday. DA Davidson increased their target price on Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday. KeyCorp reissued a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. Finally, Raymond James Financial increased their target price on Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Federal Signal presently has an average rating of "Hold" and an average target price of $123.00.

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.