Public Employees Retirement Association of Colorado Sells 196 Shares of Federal Signal Co. (NYSE:FSS)

Public Employees Retirement Association of Colorado trimmed its position in shares of Federal Signal Co. (NYSE:FSS) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,175 shares of the conglomerate’s stock after selling 196 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Federal Signal were worth $663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FSS. Vanguard Group Inc. grew its stake in shares of Federal Signal by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 7,247,803 shares of the conglomerate’s stock valued at $669,625,000 after buying an additional 93,597 shares during the last quarter. Invesco Ltd. grew its position in Federal Signal by 12.4% in the 4th quarter. Invesco Ltd. now owns 2,199,200 shares of the conglomerate’s stock valued at $203,184,000 after acquiring an additional 242,840 shares during the last quarter. Geode Capital Management LLC increased its stake in Federal Signal by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,630,971 shares of the conglomerate’s stock worth $150,715,000 after purchasing an additional 29,197 shares during the period. FMR LLC lifted its position in shares of Federal Signal by 19.4% during the fourth quarter. FMR LLC now owns 1,469,614 shares of the conglomerate’s stock worth $135,778,000 after purchasing an additional 238,608 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Federal Signal by 56.5% during the fourth quarter. First Trust Advisors LP now owns 894,136 shares of the conglomerate’s stock valued at $82,609,000 after purchasing an additional 322,676 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Stock Performance

FSS stock opened at $84.21 on Friday. Federal Signal Co. has a 1-year low of $66.47 and a 1-year high of $102.18. The business has a 50-day moving average price of $77.06 and a 200 day moving average price of $88.09. The company has a market capitalization of $5.15 billion, a P/E ratio of 24.41, a PEG ratio of 1.85 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Wednesday, April 30th. The conglomerate reported $0.76 EPS for the quarter, beating the consensus estimate of $0.73 by $0.03. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business had revenue of $463.80 million during the quarter, compared to analyst estimates of $462.63 million. During the same quarter in the previous year, the business posted $0.64 EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, equities research analysts forecast that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal announced that its board has authorized a share repurchase plan 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 stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Federal Signal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.56 annualized dividend and a yield of 0.66%. Federal Signal’s dividend payout ratio (DPR) is presently 15.95%.

Insider Activity

In related news, CEO Jennifer L. Sherman acquired 1,250 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $82.32 per share, with a total value of $102,900.00. Following the completion of the transaction, the chief executive officer now directly owns 559,183 shares in the company, valued at $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FSS. StockNews.com downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Raymond James decreased their price target on shares of Federal Signal from $105.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, April 14th.

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.