Susquehanna Fundamental Investments LLC Buys New Shares in Federal Signal Co. (NYSE:FSS)

Susquehanna Fundamental Investments LLC bought a new stake in Federal Signal Co. (NYSE:FSS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 70,571 shares of the conglomerate's stock, valued at approximately $6,520,000. Susquehanna Fundamental Investments LLC owned about 0.12% of Federal Signal at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Mather Group LLC. increased its stake in Federal Signal by 20.1% in the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock valued at $82,000 after buying an additional 149 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Federal Signal by 0.9% in the fourth quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate's stock valued at $1,640,000 after acquiring an additional 152 shares in the last quarter. Albion Financial Group UT increased its position in shares of Federal Signal by 1.3% during the fourth quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate's stock valued at $1,120,000 after acquiring an additional 153 shares during the last quarter. Signaturefd LLC lifted its holdings in Federal Signal by 37.4% during the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after acquiring an additional 165 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in Federal Signal by 15.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock worth $124,000 after purchasing an additional 181 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, CEO Jennifer L. Sherman bought 1,250 shares of the stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the purchase, the chief executive officer now directly owns 559,183 shares of the company's stock, valued at $46,031,944.56. This trade represents a 0.22 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is currently owned by insiders.

Federal Signal Stock Performance

Shares of NYSE FSS traded up $2.27 during trading on Friday, reaching $86.51. 923,717 shares of the stock traded hands, compared to its average volume of 431,845. The company has a 50-day moving average of $76.98 and a 200-day moving average of $88.00. Federal Signal Co. has a 52-week low of $66.47 and a 52-week high of $102.18. The stock has a market capitalization of $5.29 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The conglomerate reported $0.76 EPS 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 company had revenue of $463.80 million for the quarter, compared to analysts' expectations of $462.63 million. During the same period in the prior year, the company posted $0.64 EPS. Federal Signal's revenue was up 9.2% compared to the same quarter last year. 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 issued a dividend of $0.14 per share. The ex-dividend date is Friday, May 16th. This represents a $0.56 dividend on an annualized basis and a yield of 0.65%. Federal Signal's dividend payout ratio (DPR) is 15.95%.

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

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.