Schonfeld Strategic Advisors LLC Has $2.37 Million Stock Position in Federal Signal Co. (NYSE:FSS)

Schonfeld Strategic Advisors LLC increased its stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 90.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,668 shares of the conglomerate's stock after purchasing an additional 12,172 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Federal Signal were worth $2,371,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FSS. Capital World Investors bought a new position in Federal Signal in the fourth quarter valued at about $79,810,000. Norges Bank bought a new position in Federal Signal in the fourth quarter valued at approximately $78,192,000. Raymond James Financial Inc. acquired a new position in Federal Signal in the 4th quarter worth $36,636,000. First Trust Advisors LP grew its holdings in shares of Federal Signal by 56.5% during the fourth 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 in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of 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 purchasing an additional 242,840 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FSS. DA Davidson raised their target price on shares of Federal Signal from $82.00 to $84.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Raymond James lowered their target price on Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, StockNews.com downgraded Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st.

Insider Buying and Selling at Federal Signal

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. Company insiders own 3.30% of the company's stock.

Federal Signal Price Performance

Shares of NYSE FSS traded down $0.04 during midday trading on Friday, reaching $89.55. The company's stock had a trading volume of 325,100 shares, compared to its average volume of 435,508. 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 Co. has a fifty-two week low of $66.47 and a fifty-two week high of $102.18. The company has a market cap of $5.46 billion, a P/E ratio of 25.96, a P/E/G ratio of 1.85 and a beta of 1.23. The business's 50 day moving average price is $77.74 and its two-hundred day moving average price is $88.01.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share for the quarter, topping 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 business had revenue of $463.80 million during the quarter, compared to the consensus estimate of $462.63 million. During the same period in the prior year, the company earned $0.64 EPS. Federal Signal's revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts forecast 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. Investors of record on Friday, May 16th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.63%. The ex-dividend date is Friday, May 16th. Federal Signal's payout ratio is 16.37%.

Federal Signal declared that its Board of Directors has approved a share repurchase program on Tuesday, April 22nd that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the conglomerate to reacquire up to 3.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

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.