Quantinno Capital Management LP Purchases 781 Shares of Federal Signal Co. (NYSE:FSS)

Quantinno Capital Management LP raised its stake in Federal Signal Co. (NYSE:FSS) by 31.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,233 shares of the conglomerate’s stock after acquiring an additional 781 shares during the period. Quantinno Capital Management LP’s holdings in Federal Signal were worth $299,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its holdings in shares of Federal Signal by 0.6% during the 4th quarter. California Public Employees Retirement System now owns 89,654 shares of the conglomerate’s stock worth $8,283,000 after buying an additional 514 shares in the last quarter. Barclays PLC increased its holdings in Federal Signal by 338.7% in the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock worth $13,569,000 after purchasing an additional 112,092 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Federal Signal by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate’s stock worth $72,112,000 after purchasing an additional 11,466 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Federal Signal by 84.1% in the 4th quarter. Victory Capital Management Inc. now owns 219,147 shares of the conglomerate’s stock worth $20,247,000 after purchasing an additional 100,135 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Federal Signal in the 4th quarter worth about $36,636,000. 92.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Federal Signal

In other news, CEO Jennifer L. Sherman purchased 1,250 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $82.32 per share, with a total value of $102,900.00. Following the purchase, the chief executive officer now owns 559,183 shares in the company, valued at $46,031,944.56. This 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 this hyperlink. 3.30% of the stock is owned by corporate insiders.

Federal Signal Stock Down 1.1%

Shares of Federal Signal stock opened at $92.12 on Tuesday. Federal Signal Co. has a one year low of $66.47 and a one year high of $102.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The stock’s 50-day moving average is $81.05 and its 200 day moving average is $88.69. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 1.85 and a beta of 1.23.

Federal Signal (NYSE:FSS) last announced its earnings results on Wednesday, April 30th. The conglomerate reported $0.76 EPS for the quarter, beating 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 company had revenue of $463.80 million for the quarter, compared to analyst estimates of $462.63 million. During the same quarter in the prior year, the company earned $0.64 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities research analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current year.

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

Federal Signal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given 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 dividend yield of 0.61%. Federal Signal’s payout ratio is 16.37%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen cut Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Raymond James reduced their price target on Federal Signal from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. KeyCorp upgraded Federal Signal from a “sector weight” rating to an “overweight” rating and set a $110.00 price target on the stock in a research report on Monday, May 12th. Finally, DA Davidson upped their price target on Federal Signal from $82.00 to $84.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

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.