Point72 Asia Singapore Pte. Ltd. Sells 3,726 Shares of Federal Signal Co. (NYSE:FSS)

Point72 Asia Singapore Pte. Ltd. lowered its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 67.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,823 shares of the conglomerate's stock after selling 3,726 shares during the period. Point72 Asia Singapore Pte. Ltd.'s holdings in Federal Signal were worth $168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FSS. Vanguard Group Inc. lifted its holdings in Federal Signal by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 7,247,803 shares of the conglomerate's stock worth $669,625,000 after buying an additional 93,597 shares during the last quarter. Invesco Ltd. lifted its holdings in Federal Signal by 12.4% during the 4th quarter. Invesco Ltd. now owns 2,199,200 shares of the conglomerate's stock worth $203,184,000 after buying an additional 242,840 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Federal Signal by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,630,971 shares of the conglomerate's stock worth $150,715,000 after buying an additional 29,197 shares during the last quarter. FMR LLC lifted its holdings in Federal Signal by 19.4% during the 4th quarter. FMR LLC now owns 1,469,614 shares of the conglomerate's stock worth $135,778,000 after buying an additional 238,608 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Federal Signal by 56.5% during the 4th quarter. First Trust Advisors LP now owns 894,136 shares of the conglomerate's stock worth $82,609,000 after buying an additional 322,676 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.

Federal Signal Stock Performance

Shares of NYSE:FSS traded down $0.97 during trading on Tuesday, hitting $95.14. 245,334 shares of the stock were exchanged, compared to its average volume of 437,458. Federal Signal Co. has a 1-year low of $66.47 and a 1-year high of $102.18. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23. The company's fifty day simple moving average is $79.47 and its 200-day simple moving average is $88.48. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.03. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company had revenue of $463.80 million for the quarter, compared to analyst estimates of $462.63 million. During the same period in the prior year, the company posted $0.64 EPS. The company's revenue was up 9.2% compared to the same quarter last year. Sell-side analysts expect that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal announced that its board has approved a share buyback plan on Tuesday, April 22nd that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the conglomerate to buy up to 3.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Federal Signal Dividend Announcement

The business also recently declared 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 0.59%. The ex-dividend date is Friday, May 16th. Federal Signal's dividend payout ratio (DPR) is currently 16.37%.

Insider Activity

In other news, CEO Jennifer L. Sherman acquired 1,250 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the transaction, the chief executive officer now directly owns 559,183 shares in the company, valued at approximately $46,031,944.56. This represents a 0.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 3.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on FSS shares. Raymond James reduced their target price on Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. StockNews.com downgraded Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. KeyCorp raised Federal Signal from a "sector weight" rating to an "overweight" rating and set a $110.00 target price on the stock in a research note on Monday, May 12th. Finally, DA Davidson lifted their target price on Federal Signal from $82.00 to $84.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Federal Signal currently has an average rating of "Moderate Buy" and a consensus price target of $98.00.

About Federal Signal

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.