First Trust Advisors LP Has $82.61 Million Stock Position in Federal Signal Co. (NYSE:FSS)

First Trust Advisors LP grew its stake in Federal Signal Co. (NYSE:FSS - Free Report) by 56.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 894,136 shares of the conglomerate's stock after acquiring an additional 322,676 shares during the quarter. First Trust Advisors LP owned 1.46% of Federal Signal worth $82,609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FSS. Mather Group LLC. grew its position in shares of Federal Signal by 20.1% in the 4th 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 period. Arizona State Retirement System grew its position in shares of Federal Signal by 0.9% in the 4th quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate's stock valued at $1,640,000 after purchasing an additional 152 shares during the period. Albion Financial Group UT grew its position in shares of Federal Signal by 1.3% in the 4th quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate's stock valued at $1,120,000 after purchasing an additional 153 shares during the period. Signaturefd LLC grew its position in shares of Federal Signal by 37.4% in the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock valued at $56,000 after purchasing an additional 165 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its position in shares of 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 purchasing an additional 181 shares during the period. 92.73% of the stock is owned by institutional investors.

Insider Transactions at Federal Signal

In other news, CEO Jennifer L. Sherman acquired 1,250 shares of the stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the purchase, the chief executive officer now directly owns 559,183 shares of the company's stock, valued at approximately $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FSS. StockNews.com lowered Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Raymond James decreased their price target on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a research note on Monday, April 14th.

Federal Signal Stock Down 2.0 %

FSS stock traded down $1.51 during midday trading on Friday, hitting $75.21. The company's stock had a trading volume of 527,781 shares, compared to its average volume of 422,887. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. Federal Signal Co. has a twelve month low of $66.47 and a twelve month high of $102.18. The company's fifty day moving average price is $78.35 and its 200 day moving average price is $88.40. The stock has a market capitalization of $4.60 billion, a P/E ratio of 21.80, a PEG ratio of 1.85 and a beta of 1.11.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm had revenue of $472.00 million for the quarter, compared to analyst estimates of $481.90 million. As a group, equities research analysts predict that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal declared that its board has authorized a stock repurchase program on Tuesday, April 22nd that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the conglomerate to purchase up to 3.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Federal Signal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.56 annualized dividend and a dividend yield of 0.74%. Federal Signal's dividend payout ratio is presently 15.95%.

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.