Federal Signal Corporation (NYSE:FSS) Stock Position Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Federal Signal Corporation (NYSE:FSS) by 12.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,787 shares of the conglomerate’s stock after buying an additional 1,964 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Federal Signal were worth $1,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in FSS. HB Wealth Management LLC raised its position in Federal Signal by 17.9% during the first quarter. HB Wealth Management LLC now owns 5,141 shares of the conglomerate’s stock valued at $378,000 after acquiring an additional 782 shares in the last quarter. Van Berkom & Associates Inc. increased its stake in shares of Federal Signal by 2.0% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,045,565 shares of the conglomerate’s stock worth $76,901,000 after purchasing an additional 20,771 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Federal Signal during the 1st quarter valued at $558,000. Homestead Advisers Corp lifted its stake in shares of Federal Signal by 4.6% in the 1st quarter. Homestead Advisers Corp now owns 96,294 shares of the conglomerate’s stock valued at $7,082,000 after purchasing an additional 4,200 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Federal Signal in the first quarter worth $553,000. Institutional investors own 92.73% of the company’s stock.

Federal Signal Trading Down 3.2%

Shares of NYSE:FSS opened at $122.48 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60. The stock’s 50-day moving average is $105.18 and its 200-day moving average is $92.41. The company has a market cap of $7.45 billion, a P/E ratio of 34.12, a P/E/G ratio of 2.18 and a beta of 1.30. Federal Signal Corporation has a 52-week low of $66.47 and a 52-week high of $128.50.

Federal Signal (NYSE:FSS) last released its earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%. The firm had revenue of $564.60 million for the quarter, compared to analyst estimates of $537.24 million. During the same quarter last year, the firm posted $0.95 EPS. The company’s revenue was up 15.1% on a year-over-year basis. Equities research analysts predict that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal announced that its board has initiated a stock repurchase program on Tuesday, April 22nd that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the conglomerate to purchase up to 3.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Federal Signal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Friday, August 15th will be issued a $0.14 dividend. 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 is 15.60%.

Analysts Set New Price Targets

Several research firms have commented on FSS. DA Davidson increased 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. Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday. Raymond James Financial raised their price objective on Federal Signal from $120.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday. KeyCorp restated a “sector weight” rating on shares of Federal Signal in a report on Friday, July 11th. Finally, CJS Securities reiterated a “market perform” rating and set a $125.00 price target on shares of Federal Signal in a report on Thursday. Three equities research 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 company currently has a consensus rating of “Hold” and a consensus price target 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.