Aptus Capital Advisors LLC Boosts Stake in Federal Signal Co. (NYSE:FSS)

Aptus Capital Advisors LLC raised its position in Federal Signal Co. (NYSE:FSSGet Rating) by 6.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 71,163 shares of the conglomerate’s stock after acquiring an additional 4,498 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Federal Signal were worth $2,402,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. National Bank of Canada FI acquired a new stake in Federal Signal in the fourth quarter valued at approximately $40,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Federal Signal during the 4th quarter valued at about $8,606,000. Yousif Capital Management LLC bought a new stake in shares of Federal Signal in the 4th quarter worth $2,420,000. Robeco Institutional Asset Management B.V. increased its position in Federal Signal by 8.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,037,000 shares of the conglomerate’s stock worth $44,944,000 after purchasing an additional 77,000 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in Federal Signal by 780.7% during the fourth quarter. Qube Research & Technologies Ltd now owns 46,851 shares of the conglomerate’s stock worth $2,031,000 after buying an additional 41,531 shares in the last quarter. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FSS shares. Raymond James decreased their target price on shares of Federal Signal from $46.00 to $45.00 and set a “strong-buy” rating for the company in a research report on Tuesday, April 26th. StockNews.com initiated coverage on Federal Signal in a report on Thursday, March 31st. They set a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.50.

Federal Signal Price Performance

Shares of NYSE:FSS opened at $38.60 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.18 and a current ratio of 2.56. The firm has a fifty day moving average price of $35.54 and a 200 day moving average price of $35.62. Federal Signal Co. has a fifty-two week low of $31.86 and a fifty-two week high of $48.88. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 24.13 and a beta of 0.92.

Federal Signal (NYSE:FSSGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The conglomerate reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. The firm had revenue of $367.00 million during the quarter, compared to analyst estimates of $364.80 million. Federal Signal had a return on equity of 13.74% and a net margin of 7.82%. Federal Signal’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 earnings per share. As a group, sell-side analysts expect that Federal Signal Co. will post 1.92 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Friday, August 19th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, August 18th. Federal Signal’s payout ratio is 22.50%.

Federal Signal Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Federal Signal (NYSE:FSS)

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