Nebula Research & Development LLC Buys 7,021 Shares of Federal Signal Co. (NYSE:FSS)

Nebula Research & Development LLC raised its position in Federal Signal Co. (NYSE:FSS - Free Report) by 38.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,245 shares of the conglomerate's stock after purchasing an additional 7,021 shares during the quarter. Nebula Research & Development LLC's holdings in Federal Signal were worth $2,332,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FSS. California Public Employees Retirement System increased its position 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 acquiring an additional 514 shares during the last quarter. Barclays PLC increased its position in shares of Federal Signal by 338.7% in the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock valued at $13,569,000 after acquiring an additional 112,092 shares during the last quarter. First Hawaiian Bank increased 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 during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Federal Signal by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate's stock valued at $72,112,000 after acquiring an additional 11,466 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position 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 valued at $20,247,000 after acquiring an additional 100,135 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Federal Signal Stock Performance

NYSE FSS traded down $0.20 during trading on Monday, reaching $75.06. 491,831 shares of the company's stock were exchanged, compared to its average volume of 423,164. The business has a 50 day moving average price of $78.35 and a 200-day moving average price of $88.40. The stock has a market capitalization of $4.59 billion, a P/E ratio of 21.76, a PEG 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 Co. has a fifty-two week low of $66.47 and a fifty-two week high of $102.18.

Federal Signal (NYSE:FSS - Get Free Report) last posted its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. The company had revenue of $472.00 million for the quarter, compared to the consensus estimate of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. Sell-side analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The company 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 dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, May 16th. Federal Signal's payout ratio is 15.95%.

Federal Signal declared that its board has authorized a stock repurchase program on Tuesday, April 22nd that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the conglomerate to reacquire up to 3.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FSS shares. StockNews.com downgraded Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Raymond James lowered their price target on Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th.

Insiders Place Their Bets

In other news, CEO Jennifer L. Sherman acquired 1,250 shares of the stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the transaction, the chief executive officer now directly owns 559,183 shares of the company's stock, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.30% of the company's stock.

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.