Xponance Inc. Buys 226 Shares of Federal Signal Corporation (NYSE:FSS)

Xponance Inc. lifted its holdings in Federal Signal Corporation (NYSE:FSS) by 5.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,540 shares of the conglomerate’s stock after buying an additional 226 shares during the quarter. Xponance Inc.’s holdings in Federal Signal were worth $334,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FSS. Capital World Investors bought a new position in shares of Federal Signal in the fourth quarter valued at about $79,810,000. Norges Bank acquired a new stake in shares of Federal Signal in the 4th quarter valued at approximately $78,192,000. Raymond James Financial Inc. acquired a new position in Federal Signal in the 4th quarter valued at about $36,636,000. Vaughan Nelson Investment Management L.P. bought a new position in Federal Signal during the 1st quarter worth $26,144,000. Finally, First Trust Advisors LP increased its position in Federal Signal by 56.5% during the 4th quarter. First Trust Advisors LP now owns 894,136 shares of the conglomerate’s stock worth $82,609,000 after buying an additional 322,676 shares during the period. 92.73% of the stock is owned by institutional investors.

Federal Signal Stock Performance

NYSE FSS opened at $108.14 on Friday. The company has a fifty day simple moving average of $101.08 and a 200 day simple moving average of $91.05. Federal Signal Corporation has a 12-month low of $66.47 and a 12-month high of $114.40. The company has a current ratio of 2.39, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. The company has a market cap of $6.59 billion, a P/E ratio of 31.62, a PEG ratio of 2.00 and a beta of 1.27.

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 the consensus estimate of $0.73 by $0.03. Federal Signal had a net margin of 11.10% and a return on equity of 18.44%. The business had revenue of $463.80 million during the quarter, compared to the consensus estimate of $462.63 million. During the same quarter last year, the firm posted $0.64 EPS. Federal Signal’s revenue was up 9.2% compared to the same quarter last year. Sell-side analysts predict that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Friday, May 16th. Federal Signal’s dividend payout ratio is 16.37%.

Federal Signal declared that its board has initiated a share buyback program on Tuesday, April 22nd that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the conglomerate to repurchase up to 3.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FSS shares. DA Davidson raised their price objective on shares of Federal Signal from $84.00 to $96.00 and gave the company a “neutral” rating in a report on Tuesday, June 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Federal Signal in a research note on Friday, July 11th. Finally, Raymond James Financial set a $120.00 price objective on shares of Federal Signal and gave the company an “outperform” rating in a research note on Monday, June 30th.

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.