Federal Signal Co. (NYSE:FSS) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in Federal Signal Co. (NYSE:FSS) by 2.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 22,797 shares of the conglomerate’s stock after selling 469 shares during the period. Yousif Capital Management LLC’s holdings in Federal Signal were worth $1,677,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vest Financial LLC acquired a new stake in shares of Federal Signal during the 1st quarter worth about $1,436,000. Harbor Investment Advisory LLC increased its position in shares of Federal Signal by 201.8% during the first quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate’s stock valued at $48,000 after acquiring an additional 440 shares during the last quarter. Summit Global Investments raised its stake in shares of Federal Signal by 61.8% in the 1st quarter. Summit Global Investments now owns 4,512 shares of the conglomerate’s stock valued at $332,000 after acquiring an additional 1,724 shares during the period. GAMMA Investing LLC increased its holdings in Federal Signal by 8,794.4% in the 1st quarter. GAMMA Investing LLC now owns 149,159 shares of the conglomerate’s stock valued at $10,971,000 after purchasing an additional 147,482 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its position in Federal Signal by 21.4% in the first quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the conglomerate’s stock valued at $125,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Ratings Changes

FSS has been the subject of several research analyst reports. Raymond James lowered their price target 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. Wall Street Zen cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. KeyCorp raised shares of Federal Signal from a “sector weight” rating to an “overweight” rating and set a $110.00 price objective for the company in a research note on Monday, May 12th. Finally, DA Davidson upped their target price on shares of Federal Signal from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th.

Federal Signal Price Performance

Shares of NYSE FSS opened at $101.41 on Tuesday. Federal Signal Co. has a 1-year low of $66.47 and a 1-year high of $102.44. The stock’s 50-day moving average is $87.35 and its two-hundred day moving average is $89.08. 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 company has a market cap of $6.18 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 1.85 and a beta of 1.26.

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

Federal Signal declared that its Board of Directors has authorized a stock repurchase program on Tuesday, April 22nd that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the conglomerate to purchase up to 3.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Federal Signal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Friday, May 16th. Federal Signal’s dividend payout ratio is presently 16.37%.

About Federal Signal

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.