Schonfeld Strategic Advisors LLC Boosts Holdings in Federal Signal Co. (NYSE:FSS)

Schonfeld Strategic Advisors LLC increased its stake in Federal Signal Co. (NYSE:FSS - Free Report) by 90.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,668 shares of the conglomerate's stock after purchasing an additional 12,172 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Federal Signal were worth $2,371,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in FSS. Capital World Investors acquired a new stake in Federal Signal in the fourth quarter valued at about $79,810,000. Norges Bank bought a new stake in shares of Federal Signal during the 4th quarter valued at approximately $78,192,000. Raymond James Financial Inc. acquired a new position in Federal Signal during the 4th quarter worth approximately $36,636,000. First Trust Advisors LP lifted its stake in Federal Signal by 56.5% in the 4th quarter. First Trust Advisors LP now owns 894,136 shares of the conglomerate's stock valued at $82,609,000 after purchasing an additional 322,676 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Federal Signal by 12.4% in the fourth quarter. Invesco Ltd. now owns 2,199,200 shares of the conglomerate's stock valued at $203,184,000 after buying an additional 242,840 shares in the last quarter. Institutional investors own 92.73% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on FSS shares. Raymond James dropped their price target on Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. DA Davidson lifted their price target on Federal Signal from $82.00 to $84.00 and gave the company a "neutral" rating in a research note on Monday. Finally, StockNews.com downgraded Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st.

Federal Signal Trading Up 0.9 %

NYSE:FSS traded up $0.82 during trading hours on Wednesday, hitting $88.14. 773,802 shares of the company were exchanged, compared to its average volume of 435,183. The company has a fifty day simple moving average of $77.23 and a 200 day simple moving average of $87.94. Federal Signal Co. has a one year low of $66.47 and a one year high of $102.18. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth 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.

Federal Signal (NYSE:FSS - Get Free Report) last released its earnings results on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.03. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business had revenue of $463.80 million during the quarter, compared to the consensus estimate of $462.63 million. During the same quarter in the prior year, the firm posted $0.64 EPS. The company's revenue for the quarter 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, May 16th. This represents a $0.56 annualized dividend and a dividend yield of 0.64%. Federal Signal's dividend payout ratio is currently 16.37%.

Federal Signal announced that its board has initiated a stock repurchase plan on Tuesday, April 22nd that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the conglomerate to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

Insider Transactions at Federal Signal

In other news, CEO Jennifer L. Sherman purchased 1,250 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $82.32 per share, with a total value of $102,900.00. Following the purchase, the chief executive officer now owns 559,183 shares in the company, valued at $46,031,944.56. This represents a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.30% of the company's stock.

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.