Ameriprise Financial Inc. Raises Holdings in Federal Signal Co. (NYSE:FSS)

Ameriprise Financial Inc. raised its holdings in Federal Signal Co. (NYSE:FSS) by 21.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 691,798 shares of the conglomerate’s stock after purchasing an additional 123,892 shares during the quarter. Ameriprise Financial Inc.’s holdings in Federal Signal were worth $63,915,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FSS. Wilmington Savings Fund Society FSB acquired a new stake in shares of Federal Signal during the 3rd quarter worth about $46,000. Signaturefd LLC raised its stake in shares of Federal Signal by 37.4% in the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock valued at $56,000 after acquiring an additional 165 shares during the period. Mather Group LLC. lifted its holdings in shares of Federal Signal by 20.1% in the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock worth $82,000 after acquiring an additional 149 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Federal Signal by 15.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate’s stock worth $124,000 after purchasing an additional 181 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Federal Signal by 182.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate’s stock valued at $127,000 after purchasing an additional 891 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Stock Down 0.0 %

Federal Signal stock opened at $89.55 on Friday. The firm has a market capitalization of $5.46 billion, a P/E ratio of 25.96, a P/E/G ratio of 1.85 and a beta of 1.23. The stock’s fifty day simple moving average is $77.74 and its 200-day simple moving average is $87.99. Federal Signal Co. has a twelve month low of $66.47 and a twelve month high of $102.18. 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 (NYSE:FSS) last posted its quarterly 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 company had revenue of $463.80 million for the quarter, compared to analyst estimates of $462.63 million. During the same quarter last year, the company earned $0.64 EPS. Federal Signal’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal declared that its board has initiated a share repurchase program on Tuesday, April 22nd that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the conglomerate to buy up to 3.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is 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 paid a dividend of $0.14 per share. The ex-dividend date is Friday, May 16th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.63%. Federal Signal’s payout ratio is currently 16.37%.

Insider Transactions at Federal Signal

In related news, CEO Jennifer L. Sherman purchased 1,250 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased 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 directly owns 559,183 shares of the company’s stock, valued at $46,031,944.56. The trade was a 0.22 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on FSS. StockNews.com cut Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. DA Davidson increased their target price on Federal Signal from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note 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 for the company in a research report 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.