DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Purchases 7,000 Shares of Federal Signal Co. (NYSE:FSS)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Federal Signal Co. (NYSE:FSS) by 46.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,000 shares of the conglomerate’s stock after purchasing an additional 7,000 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Federal Signal were worth $2,033,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FSS. CoreCap Advisors LLC lifted its holdings in Federal Signal by 19.9% during the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate’s stock worth $81,000 after acquiring an additional 145 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Federal Signal by 20.1% during the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock valued at $82,000 after purchasing an additional 149 shares in the last quarter. Arizona State Retirement System grew its position in shares of Federal Signal by 0.9% in the 4th quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate’s stock valued at $1,640,000 after purchasing an additional 152 shares during the period. Albion Financial Group UT increased its stake in Federal Signal by 1.3% during the 4th quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate’s stock worth $1,120,000 after purchasing an additional 153 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Federal Signal by 37.4% in the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock valued at $56,000 after buying an additional 165 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

Insider Activity at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman acquired 1,250 shares of the company’s stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the purchase, the chief executive officer now directly owns 559,183 shares of the company’s stock, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FSS shares. StockNews.com lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. DA Davidson upped their price objective on Federal Signal from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Finally, Raymond James dropped their target price on Federal Signal from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th.

Federal Signal Stock Down 0.0 %

Shares of FSS stock opened at $89.55 on Friday. The firm’s fifty day moving average price is $77.74 and its two-hundred day moving average price is $88.01. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a 1 year low of $66.47 and a 1 year high of $102.18. The firm has a market capitalization of $5.46 billion, a P/E ratio of 25.96, a PEG ratio of 1.85 and a beta of 1.23.

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

Federal Signal announced that its Board of Directors has authorized a stock repurchase program on Tuesday, April 22nd that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the conglomerate to buy up to 3.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Federal Signal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Friday, May 16th. Federal Signal’s payout ratio is presently 16.37%.

About Federal Signal

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.