Federal Signal Co. (NYSE:FSS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its stake in Federal Signal Co. (NYSE:FSS) by 73.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,780 shares of the conglomerate’s stock after selling 51,779 shares during the period. Jane Street Group LLC’s holdings in Federal Signal were worth $1,735,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. 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 during the period. Mather Group LLC. boosted its stake in Federal Signal by 20.1% in 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 period. Steward Partners Investment Advisory LLC boosted its stake in Federal Signal by 15.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate’s stock valued at $124,000 after acquiring an additional 181 shares during the period. Smartleaf Asset Management LLC boosted its stake in Federal Signal by 182.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate’s stock valued at $127,000 after acquiring an additional 891 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in Federal Signal by 48.1% in the fourth quarter. NewEdge Advisors LLC now owns 1,586 shares of the conglomerate’s stock valued at $146,000 after acquiring an additional 515 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Jennifer L. Sherman bought 1,250 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price 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 approximately $46,031,944.56. This trade represents a 0.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FSS has been the subject of a number of research reports. StockNews.com downgraded Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. KeyCorp upgraded Federal Signal from a “sector weight” rating to an “overweight” rating and set a $110.00 price objective for the company in a research report on Monday, May 12th. Raymond James reduced their price objective 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. Finally, DA Davidson boosted their price objective on Federal Signal from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Federal Signal has an average rating of “Moderate Buy” and a consensus target price of $98.00.

Federal Signal Stock Performance

Shares of NYSE FSS opened at $95.37 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. The stock has a 50 day simple moving average of $79.12 and a 200-day simple moving average of $88.33. The company has a market cap of $5.81 billion, a PE ratio of 27.64, a P/E/G ratio of 1.85 and a beta of 1.23. Federal Signal Co. has a 12-month low of $66.47 and a 12-month high of $102.18.

Federal Signal (NYSE:FSS) last announced its earnings results on Wednesday, April 30th. The conglomerate reported $0.76 EPS for the quarter, topping the consensus estimate of $0.73 by $0.03. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm had revenue of $463.80 million for the quarter, compared to analysts’ expectations of $462.63 million. During the same quarter in the previous year, the company earned $0.64 earnings per share. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts forecast that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal announced that its Board of Directors has approved a stock buyback program on Tuesday, April 22nd that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the conglomerate to buy up to 3.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued 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 0.59%. Federal Signal’s payout ratio is 16.37%.

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.