AE Wealth Management LLC Has $248,000 Stock Position in Federal Signal Corporation (NYSE:FSS)

AE Wealth Management LLC lessened its holdings in Federal Signal Corporation (NYSE:FSS) by 8.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,372 shares of the conglomerate’s stock after selling 293 shares during the period. AE Wealth Management LLC’s holdings in Federal Signal were worth $248,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in shares of Federal Signal during the 1st quarter worth about $29,000. Bessemer Group Inc. lifted its holdings in Federal Signal by 78.4% in the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 185 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in Federal Signal by 201.8% during the first quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate’s stock worth $48,000 after purchasing an additional 440 shares during the period. CoreCap Advisors LLC grew its holdings in Federal Signal by 19.9% during the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate’s stock valued at $81,000 after purchasing an additional 145 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in Federal Signal by 16.9% during the first quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate’s stock valued at $82,000 after purchasing an additional 162 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Trading Up 1.9%

Shares of Federal Signal stock opened at $126.32 on Friday. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $128.50. The company’s fifty day simple moving average is $104.57 and its 200-day simple moving average is $92.30. The company has a market cap of $7.70 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 2.58 and a beta of 1.27. The company has a current ratio of 2.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The firm had revenue of $564.60 million during the quarter, compared to the consensus estimate of $537.24 million. During the same period in the prior year, the firm earned $0.95 EPS. The business’s revenue was up 15.1% on a year-over-year basis. As a group, sell-side analysts expect that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal declared that its board has approved a stock repurchase plan on Tuesday, April 22nd that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the conglomerate to buy up to 3.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Federal Signal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Friday, August 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, August 15th. Federal Signal’s payout ratio is currently 16.37%.

Analysts Set New Price Targets

FSS has been the subject of a number of analyst reports. KeyCorp restated a “sector weight” rating on shares of Federal Signal in a research note on Friday, July 11th. DA Davidson boosted their target price on shares of Federal Signal from $100.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday. CJS Securities restated a “market perform” rating and set a $125.00 price target on shares of Federal Signal in a report on Thursday. Finally, Raymond James Financial raised their price target on Federal Signal from $120.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Federal Signal presently has a consensus rating of “Hold” and an average target price of $123.00.

Federal Signal Company 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.