Oberweis Asset Management Inc. Buys 40,100 Shares of Federal Signal Co. (NYSE:FSS)

Oberweis Asset Management Inc. increased its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 21.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,830 shares of the conglomerate's stock after purchasing an additional 40,100 shares during the quarter. Federal Signal makes up approximately 1.0% of Oberweis Asset Management Inc.'s holdings, making the stock its 24th largest holding. Oberweis Asset Management Inc. owned about 0.38% of Federal Signal worth $21,234,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FSS. Wilmington Savings Fund Society FSB bought a new stake in shares of Federal Signal in the 3rd quarter worth approximately $46,000. Signaturefd LLC boosted its holdings in Federal Signal by 37.4% in the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock valued at $56,000 after acquiring an additional 165 shares in the last quarter. Mather Group LLC. increased its position in Federal Signal by 20.1% during the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock valued at $82,000 after purchasing an additional 149 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Federal Signal by 15.6% in the 4th 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 in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Federal Signal by 182.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate's stock worth $127,000 after purchasing an additional 891 shares during the period. Hedge funds and other institutional investors own 92.73% of the company's stock.

Federal Signal Stock Down 0.3 %

Shares of Federal Signal stock traded down $0.20 during trading on Monday, hitting $75.06. The company's stock had a trading volume of 491,831 shares, compared to its average volume of 423,163. Federal Signal Co. has a 52 week low of $66.47 and a 52 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. The company has a fifty day simple moving average of $78.35 and a two-hundred day simple moving average of $88.40. The company has a market capitalization of $4.59 billion, a PE ratio of 21.76, a P/E/G ratio of 1.85 and a beta of 1.11.

Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, meeting analysts' consensus estimates of $0.87. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company had revenue of $472.00 million during the quarter, compared to analyst estimates of $481.90 million. Equities research analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.56 annualized dividend and a yield of 0.75%. Federal Signal's dividend payout ratio is 15.95%.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FSS. StockNews.com cut shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Raymond James decreased their target price on Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a research report on Monday, April 14th.

Insider Buying and Selling at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of the stock in a transaction dated 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 completion of the acquisition, the chief executive officer now directly owns 559,183 shares in the company, 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 SEC, which is accessible through this hyperlink. 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.