Federal Signal Co. (NYSE:FSS) Position Increased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its holdings in Federal Signal Co. (NYSE:FSS) by 21.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 184,939 shares of the conglomerate’s stock after buying an additional 32,340 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.30% of Federal Signal worth $13,602,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of FSS. CoreCap Advisors LLC raised its stake in Federal Signal by 19.9% during the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate’s stock worth $81,000 after acquiring an additional 145 shares during the period. Arizona State Retirement System raised its position in shares of Federal Signal by 0.9% during the 4th quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate’s stock worth $1,640,000 after purchasing an additional 152 shares during the period. Signaturefd LLC raised its position in shares of Federal Signal by 37.4% during the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock worth $56,000 after purchasing an additional 165 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Federal Signal by 15.6% in 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 last quarter. Finally, Summit Investment Advisors Inc. boosted its position in Federal Signal by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,292 shares of the conglomerate’s stock valued at $581,000 after purchasing an additional 200 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FSS has been the topic of several analyst reports. KeyCorp raised Federal Signal from a “sector weight” rating to an “overweight” rating and set a $110.00 target price on the stock in a research report on Monday, May 12th. DA Davidson lifted their price objective 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. Wall Street Zen lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Finally, Raymond James decreased their target price 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.

Federal Signal Trading Down 2.1%

Shares of FSS stock opened at $99.12 on Friday. Federal Signal Co. has a 1 year low of $66.47 and a 1 year high of $102.44. The firm has a market capitalization of $6.04 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 1.85 and a beta of 1.26. The stock has a fifty day moving average of $86.16 and a two-hundred day moving average of $89.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. The business had revenue of $463.80 million for the quarter, compared to analysts’ expectations 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 was up 9.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 earnings per share. As a group, research analysts expect that Federal Signal Co. will post 3.34 EPS for the current year.

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

Federal Signal Dividend Announcement

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

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.