Prospect Capital Advisors LLC Has $7.46 Million Stake in Federal Signal Co. (NYSE:FSS)

Prospect Capital Advisors LLC decreased its stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 23.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 80,740 shares of the conglomerate's stock after selling 25,290 shares during the period. Federal Signal accounts for about 4.3% of Prospect Capital Advisors LLC's portfolio, making the stock its 9th largest holding. Prospect Capital Advisors LLC owned 0.13% of Federal Signal worth $7,460,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of FSS. Capital World Investors bought a new stake in shares of Federal Signal during the 4th quarter worth about $79,810,000. Norges Bank bought a new stake in shares of Federal Signal during the 4th quarter worth about $78,192,000. Raymond James Financial Inc. bought a new stake in shares of Federal Signal during the 4th quarter worth about $36,636,000. First Trust Advisors LP boosted its holdings in shares of 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 period. Finally, Invesco Ltd. boosted its holdings in shares of 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 period. Institutional investors own 92.73% of the company's stock.

Federal Signal Price Performance

Shares of NYSE:FSS opened at $93.73 on Thursday. The stock has a market capitalization of $5.71 billion, a PE ratio of 27.17, a PEG ratio of 1.85 and a beta of 1.23. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $78.56 and a 200-day moving average of $88.17. Federal Signal Co. has a 12 month low of $66.47 and a 12 month high of $102.18.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.03. The company had revenue of $463.80 million for the quarter, compared to analyst estimates of $462.63 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm's revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS. On average, equities research analysts predict 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 outstanding shares. This repurchase authorization permits the conglomerate to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Federal Signal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Friday, May 16th. Federal Signal's payout ratio is 16.37%.

Insiders Place Their Bets

In other Federal Signal news, CEO Jennifer L. Sherman bought 1,250 shares of Federal Signal stock in a transaction on Friday, February 28th. The shares were purchased at an average cost 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 of the company's stock, valued at $46,031,944.56. The trade was a 0.22% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.30% of the company's stock.

Analyst Upgrades and Downgrades

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

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.

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