MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $3.16 Million Holdings in Federal Signal Co. (NYSE:FSS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Federal Signal Co. (NYSE:FSS) by 4.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 34,228 shares of the conglomerate’s stock after purchasing an additional 1,328 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of Federal Signal worth $3,162,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FSS. Barclays PLC increased its position in Federal Signal by 338.7% during the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock valued at $13,569,000 after purchasing an additional 112,092 shares during the period. Park Avenue Securities LLC increased its position in Federal Signal by 25.2% during the 4th quarter. Park Avenue Securities LLC now owns 4,792 shares of the conglomerate’s stock valued at $443,000 after purchasing an additional 963 shares during the period. Perpetual Ltd grew its position in shares of Federal Signal by 88.5% during the 4th quarter. Perpetual Ltd now owns 8,860 shares of the conglomerate’s stock worth $819,000 after buying an additional 4,160 shares during the period. Albion Financial Group UT grew its position in shares of 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 buying an additional 153 shares during the period. Finally, KBC Group NV grew its position in shares of Federal Signal by 51.9% during the 4th quarter. KBC Group NV now owns 2,728 shares of the conglomerate’s stock worth $252,000 after buying an additional 932 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Price Performance

Shares of FSS opened at $95.90 on Tuesday. Federal Signal Co. has a 12-month low of $66.47 and a 12-month high of $102.18. The business’s fifty day moving average is $79.47 and its 200 day moving average is $88.48. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The stock has a market cap of $5.85 billion, a P/E ratio of 27.80, a P/E/G ratio of 1.85 and a beta of 1.23.

Federal Signal (NYSE:FSS) last issued its earnings results on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share (EPS) for the quarter, topping 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 company had revenue of $463.80 million for the quarter, compared to analysts’ expectations of $462.63 million. During the same period last year, the business earned $0.64 EPS. Federal Signal’s quarterly revenue was up 9.2% compared to the same quarter last year. Sell-side analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

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

Federal Signal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Friday, May 16th. Federal Signal’s dividend payout ratio is currently 16.37%.

Insider Buying and Selling

In related news, CEO Jennifer L. Sherman acquired 1,250 shares of the company’s stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the purchase, the chief executive officer now owns 559,183 shares in the company, valued at approximately $46,031,944.56. The trade was a 0.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FSS has been the subject of several recent analyst reports. DA Davidson raised their price objective on shares of Federal Signal from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. KeyCorp raised shares of Federal Signal from a “sector weight” rating to an “overweight” rating and set a $110.00 price objective for the company in a research report on Monday, May 12th. StockNews.com downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, Raymond James reduced their price objective on shares of Federal Signal from $105.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

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.