Federal Signal Corporation (NYSE:FSS) Stock Position Raised by HB Wealth Management LLC

HB Wealth Management LLC lifted its position in Federal Signal Corporation (NYSE:FSS) by 17.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,141 shares of the conglomerate’s stock after buying an additional 782 shares during the quarter. HB Wealth Management LLC’s holdings in Federal Signal were worth $378,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in FSS. California Public Employees Retirement System lifted its position in shares of Federal Signal by 0.6% in the fourth 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 during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Federal Signal by 21.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 15,641 shares of the conglomerate’s stock valued at $1,150,000 after acquiring an additional 2,724 shares in the last quarter. 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. Wealth Enhancement Advisory Services LLC boosted its position in Federal Signal by 66.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate’s stock worth $814,000 after purchasing an additional 4,405 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Federal Signal by 2.3% during the first quarter. Principal Financial Group Inc. now owns 330,981 shares of the conglomerate’s stock valued at $24,344,000 after purchasing an additional 7,425 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Stock Down 3.2%

FSS opened at $122.48 on Friday. The business has a 50 day moving average of $105.18 and a 200-day moving average of $92.47. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 34.12, a P/E/G ratio of 2.63 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 Corporation has a 1-year low of $66.47 and a 1-year high of $128.50.

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. The firm had revenue of $564.60 million during the quarter, compared to the consensus estimate of $537.24 million. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The business’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 EPS. As a group, sell-side analysts anticipate that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

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 given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.56 dividend on an annualized basis and a yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is 15.60%.

Federal Signal declared that its Board of Directors has initiated a stock repurchase plan 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 stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

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