Silvercrest Asset Management Group LLC Has $75.11 Million Position in Federal Signal Co. (NYSE:FSS)

Silvercrest Asset Management Group LLC decreased its holdings in Federal Signal Co. (NYSE:FSS) by 15.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 812,987 shares of the conglomerate’s stock after selling 148,533 shares during the period. Silvercrest Asset Management Group LLC owned about 1.33% of Federal Signal worth $75,112,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FSS. Point72 Asset Management L.P. increased its stake in shares of Federal Signal by 40.5% in the 4th quarter. Point72 Asset Management L.P. now owns 11,800 shares of the conglomerate’s stock valued at $1,090,000 after purchasing an additional 3,400 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Federal Signal by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 18,141 shares of the conglomerate’s stock valued at $1,676,000 after purchasing an additional 5,575 shares during the period. Quantinno Capital Management LP grew its position in shares of Federal Signal by 31.9% during the 4th quarter. Quantinno Capital Management LP now owns 3,233 shares of the conglomerate’s stock worth $299,000 after buying an additional 781 shares during the period. Nicholas Investment Partners LP increased its position in Federal Signal by 4.8% in the 4th quarter. Nicholas Investment Partners LP now owns 49,645 shares of the conglomerate’s stock valued at $4,587,000 after buying an additional 2,269 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in Federal Signal by 0.5% in the 4th quarter. Nuveen Asset Management LLC now owns 649,593 shares of the conglomerate’s stock valued at $60,016,000 after purchasing an additional 3,242 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on FSS. KeyCorp upgraded 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 note on Monday. Raymond James reduced their target price on Federal Signal from $105.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, April 14th. DA Davidson boosted their target price 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, StockNews.com downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Federal Signal currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

Federal Signal Stock Performance

Shares of NYSE FSS opened at $94.14 on Friday. The firm’s fifty day moving average is $78.83 and its two-hundred day moving average is $88.23. Federal Signal Co. has a 52-week low of $66.47 and a 52-week high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The company has a market cap of $5.74 billion, a P/E ratio of 27.29, 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 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. The business had revenue of $463.80 million for the quarter, compared to the consensus estimate of $462.63 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. As a group, analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given 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 0.59%. Federal Signal’s dividend payout ratio (DPR) is presently 16.37%.

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

Insiders Place Their Bets

In other news, CEO Jennifer L. Sherman bought 1,250 shares of the stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of $82.32 per share, with a total value of $102,900.00. Following the purchase, the chief executive officer now owns 559,183 shares of the company’s stock, valued at approximately $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 SEC, which is available at this link. 3.30% of the stock is owned by insiders.

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.