Nebula Research & Development LLC Acquires 7,021 Shares of Federal Signal Co. (NYSE:FSS)

Nebula Research & Development LLC boosted its stake in Federal Signal Co. (NYSE:FSS - Free Report) by 38.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,245 shares of the conglomerate's stock after purchasing an additional 7,021 shares during the period. Nebula Research & Development LLC's holdings in Federal Signal were worth $2,332,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FSS. Wilmington Savings Fund Society FSB acquired a new stake in Federal Signal in the 3rd quarter valued at $46,000. Signaturefd LLC grew its stake in shares of Federal Signal by 37.4% during 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. Mather Group LLC. grew its stake in shares of Federal Signal by 20.1% during 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 grew its stake in shares of Federal Signal by 15.6% during 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 lifted its position in shares of Federal Signal by 182.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate's stock worth $127,000 after purchasing an additional 891 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FSS has been the topic of a number of recent research reports. StockNews.com cut shares of Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Raymond James reduced their price target on Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a research report on Monday, April 14th.

Federal Signal Trading Up 7.0 %

Shares of NYSE FSS traded up $5.27 during mid-day trading on Wednesday, hitting $80.93. 564,831 shares of the company traded hands, compared to its average volume of 561,609. Federal Signal Co. has a 1 year low of $66.47 and a 1 year high of $102.18. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 1.85 and a beta of 1.11. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average of $77.44 and a two-hundred day moving average of $88.20.

Federal Signal (NYSE:FSS - Get Free Report) last posted 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 company had revenue of $463.80 million during the quarter, compared to the consensus estimate of $462.63 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The business's quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the business earned $0.64 EPS. On average, sell-side analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The firm 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 $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Friday, May 16th. Federal Signal's dividend payout ratio is 15.95%.

Federal Signal announced that its Board of Directors has approved a share repurchase program 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 shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Insider Activity

In related news, CEO Jennifer L. Sherman acquired 1,250 shares of the firm's stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $82.32 per share, with a total value of $102,900.00. Following the acquisition, the chief executive officer now directly owns 559,183 shares in the company, valued at $46,031,944.56. The trade was a 0.22 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.30% of the company's stock.

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.