Townsquare Capital LLC bought a new stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,566 shares of the conglomerate's stock, valued at approximately $976,000.
Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Federal Signal during the third quarter worth $46,000. Signaturefd LLC boosted its stake 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. grew its stake in Federal Signal by 20.1% during the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock worth $82,000 after buying an additional 149 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Federal Signal by 15.6% during 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 during the period. Finally, Smartleaf Asset Management LLC grew its holdings 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 buying an additional 891 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.
Federal Signal Price Performance
Shares of NYSE FSS traded up $0.72 during trading on Thursday, hitting $76.18. The company had a trading volume of 159,712 shares, compared to its average volume of 418,422. The company has a market cap of $4.65 billion, a P/E ratio of 22.05, a PEG 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 business's 50-day moving average is $79.23 and its 200 day moving average is $88.65. Federal Signal Co. has a 52 week low of $66.47 and a 52 week high of $102.18.
Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, hitting analysts' consensus estimates of $0.87. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm had revenue of $472.00 million for the quarter, compared to analysts' expectations of $481.90 million. Equities research analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.
Federal Signal declared that its board has approved a share buyback plan on Tuesday, April 22nd that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the conglomerate to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.
Federal Signal Announces Dividend
The business 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. 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 currently 15.95%.
Insider Activity
In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of the business's stock in a transaction dated 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 acquisition, the chief executive officer now owns 559,183 shares of the company's stock, valued at $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.30% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the stock. StockNews.com cut shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Raymond James cut their target price on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a report on Monday, April 14th.
Get Our Latest Stock Report on FSS
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.
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