Cwm LLC Trims Stock Position in Federal Signal Corporation (NYSE:FSS)

Cwm LLC trimmed its holdings in Federal Signal Corporation (NYSE:FSS) by 18.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,020 shares of the conglomerate’s stock after selling 238 shares during the period. Cwm LLC’s holdings in Federal Signal were worth $75,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FSS. Mutual of America Capital Management LLC lifted its stake in shares of Federal Signal by 4.7% in the 1st quarter. Mutual of America Capital Management LLC now owns 104,238 shares of the conglomerate’s stock valued at $7,667,000 after purchasing an additional 4,684 shares during the last quarter. Xponance Inc. lifted its position in Federal Signal by 5.2% in the first quarter. Xponance Inc. now owns 4,540 shares of the conglomerate’s stock valued at $334,000 after buying an additional 226 shares during the last quarter. Alps Advisors Inc. boosted its stake in Federal Signal by 8.0% during the first quarter. Alps Advisors Inc. now owns 48,847 shares of the conglomerate’s stock worth $3,593,000 after buying an additional 3,623 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Federal Signal by 2.7% during the first quarter. Envestnet Asset Management Inc. now owns 189,919 shares of the conglomerate’s stock valued at $13,969,000 after acquiring an additional 5,017 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its stake in shares of Federal Signal by 14.7% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,340 shares of the conglomerate’s stock valued at $246,000 after acquiring an additional 427 shares during the period. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Federal Signal Price Performance

Shares of NYSE FSS opened at $122.48 on Friday. The stock’s 50-day moving average is $105.18 and its two-hundred day moving average is $92.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.09. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 2.63 and a beta of 1.27. Federal Signal Corporation has a 1-year low of $66.47 and a 1-year high of $128.50.

Federal Signal (NYSE:FSS) last issued its earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $537.24 million. During the same quarter last year, the company earned $0.95 earnings per share. The firm’s revenue was up 15.1% compared to the same quarter last year. Analysts forecast that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal announced that its board has authorized a share buyback plan on Tuesday, April 22nd that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the conglomerate to purchase up to 3.3% of its stock through open market purchases. Stock repurchase plans 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 Thursday, August 28th. Investors of record on Friday, August 15th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, August 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. Federal Signal’s payout ratio is presently 15.60%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. CJS Securities reaffirmed a “market perform” rating and set a $125.00 price objective on shares of Federal Signal in a research report on Thursday. DA Davidson boosted their price objective on Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday. Wall Street Zen upgraded Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday. Raymond James Financial raised their price objective on shares of Federal Signal from $120.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Federal Signal in a research note on Friday, July 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Federal Signal currently has an average rating of “Hold” and a consensus price target of $123.00.

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.