Susquehanna Fundamental Investments LLC Acquires New Position in Federal Signal Co. (NYSE:FSS)

Susquehanna Fundamental Investments LLC bought a new position in shares of Federal Signal Co. (NYSE:FSS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 70,571 shares of the conglomerate's stock, valued at approximately $6,520,000. Susquehanna Fundamental Investments LLC owned 0.12% of Federal Signal at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Federal Signal during the 3rd quarter valued at $46,000. Signaturefd LLC lifted its position in shares of 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. boosted its stake in shares of Federal Signal by 20.1% in the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock worth $82,000 after acquiring an additional 149 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Federal Signal by 15.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock worth $124,000 after acquiring an additional 181 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of Federal Signal by 182.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate's stock worth $127,000 after purchasing an additional 891 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. StockNews.com downgraded Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Raymond James dropped their target price on shares of 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 Activity at Federal Signal

In other news, CEO Jennifer L. Sherman acquired 1,250 shares of the business's stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the transaction, the chief executive officer now directly owns 559,183 shares of the company's stock, valued at approximately $46,031,944.56. The trade was a 0.22 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is currently owned by insiders.

Federal Signal Stock Performance

NYSE FSS opened at $75.21 on Monday. The stock has a market capitalization of $4.60 billion, a PE ratio of 21.80, a P/E/G ratio of 1.85 and a beta of 1.11. Federal Signal Co. has a 1-year low of $66.47 and a 1-year high of $102.18. The business has a 50 day simple moving average of $78.35 and a two-hundred day simple moving average of $88.40. 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 (NYSE:FSS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, hitting the consensus estimate 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. On average, research analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

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

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

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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