Janus Henderson Group PLC Has $11.80 Million Stake in Federal Signal Co. (NYSE:FSS)

Janus Henderson Group PLC raised its position in Federal Signal Co. (NYSE:FSS) by 154.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,618 shares of the conglomerate’s stock after purchasing an additional 77,489 shares during the quarter. Janus Henderson Group PLC’s holdings in Federal Signal were worth $11,798,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CoreCap Advisors LLC raised its stake in shares of Federal Signal by 19.9% in the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate’s stock valued at $81,000 after purchasing an additional 145 shares during the period. Mather Group LLC. raised its stake in shares of Federal Signal by 20.1% in the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock valued at $82,000 after purchasing an additional 149 shares during the period. Arizona State Retirement System raised its stake in shares of Federal Signal by 0.9% in the 4th quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate’s stock valued at $1,640,000 after purchasing an additional 152 shares during the period. Albion Financial Group UT raised its stake in shares of Federal Signal by 1.3% in the 4th quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate’s stock valued at $1,120,000 after purchasing an additional 153 shares during the period. Finally, 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 purchasing an additional 165 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Insiders Place Their Bets

In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of the stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $82.32 per share, with a total value of $102,900.00. Following the completion of the transaction, the chief executive officer now directly owns 559,183 shares in the company, valued at $46,031,944.56. This represents a 0.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.30% of the company’s stock.

Federal Signal Stock Performance

FSS opened at $95.37 on Friday. Federal Signal Co. has a 52-week low of $66.47 and a 52-week high of $102.18. The firm has a market capitalization of $5.81 billion, a PE ratio of 27.64, a PEG ratio of 1.85 and a beta of 1.23. 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 business’s 50-day simple moving average is $79.12 and its 200 day simple moving average is $88.31.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. The firm had revenue of $463.80 million for the quarter, compared to the consensus estimate of $462.63 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 earnings per share. As a group, sell-side 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 approved a stock repurchase plan on Tuesday, April 22nd that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the conglomerate to buy up to 3.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Federal Signal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Friday, May 16th. Federal Signal’s dividend payout ratio (DPR) is presently 16.37%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. 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 upped their target price on Federal Signal from $82.00 to $84.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. StockNews.com lowered Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Finally, Raymond James dropped their target price on Federal Signal from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $98.00.

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.