Tudor Investment Corp ET AL Trims Position in Federal Signal Co. (NYSE:FSS)

Tudor Investment Corp ET AL lessened its position in Federal Signal Co. (NYSE:FSS - Free Report) by 32.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,134 shares of the conglomerate's stock after selling 22,105 shares during the period. Tudor Investment Corp ET AL owned approximately 0.07% of Federal Signal worth $4,170,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in FSS. California Public Employees Retirement System raised its stake in shares of Federal Signal by 0.6% in the fourth quarter. California Public Employees Retirement System now owns 89,654 shares of the conglomerate's stock valued at $8,283,000 after buying an additional 514 shares during the period. Barclays PLC grew its stake in shares of Federal Signal by 338.7% during the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock valued at $13,569,000 after purchasing an additional 112,092 shares during the period. First Hawaiian Bank lifted its position in shares of Federal Signal by 520.7% in the fourth quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate's stock valued at $1,640,000 after acquiring an additional 14,891 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Federal Signal by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate's stock worth $72,112,000 after buying an additional 11,466 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Federal Signal by 84.1% in the fourth quarter. Victory Capital Management Inc. now owns 219,147 shares of the conglomerate's stock worth $20,247,000 after buying an additional 100,135 shares during the period. 92.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FSS shares. DA Davidson increased their price objective on shares of Federal Signal from $82.00 to $84.00 and gave the company a "neutral" rating in a research report on Monday. Raymond James decreased their price target 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 cut shares of Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st.

Insiders Place Their Bets

In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of the firm's stock in a transaction 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 purchase, the chief executive officer now 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 purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.30% of the company's stock.

Federal Signal Stock Down 0.1 %

Shares of Federal Signal stock traded down $0.12 during trading on Tuesday, reaching $87.23. The company had a trading volume of 169,562 shares, compared to its average volume of 432,042. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23. The firm's fifty day moving average is $77.12 and its 200-day moving average is $87.95. 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 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 issued its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.03. The business had revenue of $463.80 million during the quarter, compared to analysts' expectations of $462.63 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. Federal Signal's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 earnings per share. On average, analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, May 16th. This represents a $0.56 dividend on an annualized basis and a yield of 0.64%. Federal Signal's dividend payout ratio (DPR) is currently 16.37%.

Federal Signal declared that its board has approved a share buyback program on Tuesday, April 22nd that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the conglomerate to buy up to 3.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors 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.