Renaissance Technologies LLC Sells 9,000 Shares of Federal Signal Co. (NYSE:FSS)

Renaissance Technologies LLC lowered its stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 25.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 26,100 shares of the conglomerate's stock after selling 9,000 shares during the period. Renaissance Technologies LLC's holdings in Federal Signal were worth $2,411,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FSS. Wilmington Savings Fund Society FSB purchased a new stake in Federal Signal in the third quarter worth approximately $46,000. Signaturefd LLC grew its holdings in shares of Federal Signal by 37.4% in 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. Mather Group LLC. increased its position in Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock valued at $82,000 after acquiring an additional 149 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Federal Signal by 15.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock valued at $124,000 after purchasing an additional 181 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of Federal Signal by 182.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate's stock valued at $127,000 after purchasing an additional 891 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.

Federal Signal Price Performance

NYSE FSS opened at $75.21 on Friday. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a 12 month low of $66.47 and a 12 month high of $102.18. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 1.85 and a beta of 1.11. The company's 50 day moving average is $78.35 and its two-hundred day moving average is $88.44.

Federal Signal (NYSE:FSS - Get Free Report) last released its earnings results 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 net margin of 11.57% and a return on equity of 18.46%. The company had revenue of $472.00 million for the quarter, compared to analysts' expectations of $481.90 million. As a group, research analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current year.

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

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.56 dividend on an annualized basis and a yield of 0.74%. Federal Signal's dividend payout ratio is presently 15.95%.

Insiders Place Their Bets

In related news, CEO Jennifer L. Sherman acquired 1,250 shares of the company's stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $82.32 per share, with a total value of $102,900.00. Following the acquisition, the chief executive officer now directly owns 559,183 shares of the company's stock, valued at approximately $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 3.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.

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