Graham Capital Management L.P. Has $2.12 Million Position in Federal Signal Co. (NYSE:FSS)

Graham Capital Management L.P. lifted its stake in shares of Federal Signal Co. (NYSE:FSS) by 119.2% during the fourth quarter, Holdings Channel reports. The fund owned 22,957 shares of the conglomerate’s stock after buying an additional 12,483 shares during the quarter. Graham Capital Management L.P.’s holdings in Federal Signal were worth $2,121,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Fred Alger Management LLC lifted its position in shares of Federal Signal by 9.9% during the 4th quarter. Fred Alger Management LLC now owns 371,739 shares of the conglomerate’s stock valued at $34,345,000 after acquiring an additional 33,556 shares during the period. Deutsche Bank AG lifted its position in shares of Federal Signal by 138.1% during the 4th quarter. Deutsche Bank AG now owns 86,100 shares of the conglomerate’s stock valued at $7,955,000 after acquiring an additional 49,943 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Federal Signal by 46.7% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 22,000 shares of the conglomerate’s stock valued at $2,033,000 after acquiring an additional 7,000 shares during the period. CoreCap Advisors LLC lifted its position in shares of Federal Signal by 19.9% during the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate’s stock valued at $81,000 after acquiring an additional 145 shares during the period. Finally, Corton Capital Inc. acquired a new position in shares of Federal Signal during the 4th quarter valued at $253,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Ratings Changes

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

Federal Signal Stock Performance

NYSE FSS opened at $89.55 on Monday. Federal Signal Co. has a 1 year low of $66.47 and a 1 year high of $102.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.85 and a beta of 1.23. The company has a fifty day moving average price of $77.74 and a 200-day moving average price of $88.03.

Federal Signal (NYSE:FSS) last posted its earnings results on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $463.80 million during the quarter, compared to analyst estimates of $462.63 million. During the same quarter in the prior year, the business posted $0.64 EPS. The business’s revenue was up 9.2% compared to the same quarter last year. As a group, equities research analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

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

Federal Signal declared that its board has authorized a stock buyback plan on Tuesday, April 22nd that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the conglomerate to reacquire up to 3.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Federal Signal

In related news, CEO Jennifer L. Sherman purchased 1,250 shares of Federal Signal stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the transaction, the chief executive officer now owns 559,183 shares in the company, valued at $46,031,944.56. This represents a 0.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.30% of the company’s stock.

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.