Barclays PLC boosted its stake in Federal Signal Co. (NYSE:FSS - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 171,411 shares of the conglomerate's stock after acquiring an additional 26,223 shares during the period. Barclays PLC owned about 0.28% of Federal Signal worth $15,838,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Federal Signal in the 3rd quarter valued at about $46,000. Tidal Investments LLC grew its position in shares of Federal Signal by 19.1% during the third quarter. Tidal Investments LLC now owns 3,174 shares of the conglomerate's stock worth $297,000 after acquiring an additional 510 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Federal Signal by 26.7% in the 3rd quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate's stock valued at $59,523,000 after acquiring an additional 134,457 shares during the period. JPMorgan Chase & Co. raised its position in Federal Signal by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 169,352 shares of the conglomerate's stock valued at $15,828,000 after purchasing an additional 2,348 shares during the last quarter. Finally, Diversified Trust Co boosted its stake in Federal Signal by 10.0% during the 4th quarter. Diversified Trust Co now owns 8,836 shares of the conglomerate's stock worth $816,000 after purchasing an additional 804 shares during the period. Institutional investors and hedge funds own 92.73% of the company's stock.
Insider Buying and Selling at Federal Signal
In related news, CEO Jennifer L. Sherman bought 1,250 shares of the company's stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $82.32 per share, with a total value of $102,900.00. Following the completion of the acquisition, the chief executive officer now owns 559,183 shares in the company, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on FSS shares. 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 Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st.
Check Out Our Latest Analysis on Federal Signal
Federal Signal Stock Performance
Federal Signal stock traded down $0.72 during trading hours on Friday, reaching $76.00. 75,223 shares of the stock were exchanged, compared to its average volume of 554,271. Federal Signal Co. has a 52-week low of $66.47 and a 52-week high of $102.18. The stock has a market cap of $4.64 billion, a P/E ratio of 22.03, a P/E/G ratio of 1.85 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The firm's 50 day moving average is $78.82 and its 200 day moving average is $88.55.
Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting analysts' consensus estimates of $0.87. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm had revenue of $472.00 million during the quarter, compared to the consensus estimate of $481.90 million. Analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.
Federal Signal announced that its board has authorized a share repurchase program on Tuesday, April 22nd that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the conglomerate to buy up to 3.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.
Federal Signal Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, May 16th. Federal Signal's payout ratio is 15.95%.
Federal Signal Profile
(
Free Report)
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.
Further Reading
Before you consider Federal Signal, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Federal Signal wasn't on the list.
While Federal Signal currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
