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

Ameriprise Financial Inc. boosted its stake in shares of Federal Signal Co. (NYSE:FSS) by 21.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 691,798 shares of the conglomerate’s stock after purchasing an additional 123,892 shares during the period. Ameriprise Financial Inc. owned approximately 1.13% of Federal Signal worth $63,915,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Algert Global LLC raised its position in Federal Signal by 68.9% during the fourth quarter. Algert Global LLC now owns 111,432 shares of the conglomerate’s stock valued at $10,295,000 after acquiring an additional 45,455 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in shares of Federal Signal by 67.9% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 518,486 shares of the conglomerate’s stock valued at $47,903,000 after purchasing an additional 209,655 shares during the period. AXA S.A. boosted its holdings in Federal Signal by 19.4% during the fourth quarter. AXA S.A. now owns 74,650 shares of the conglomerate’s stock worth $6,897,000 after buying an additional 12,120 shares in the last quarter. 4D Advisors LLC acquired a new stake in Federal Signal during the fourth quarter valued at $4,620,000. Finally, Freestone Grove Partners LP purchased a new position in Federal Signal in the fourth quarter valued at $450,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jennifer L. Sherman acquired 1,250 shares of the stock in a transaction on Friday, February 28th. The shares were bought at an average price of $82.32 per share, with a total value of $102,900.00. Following the completion of the purchase, the chief executive officer now owns 559,183 shares of the company’s stock, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FSS has been the topic of a number of analyst reports. DA Davidson raised their target price on Federal Signal from $82.00 to $84.00 and gave the company a “neutral” rating in a research 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 reduced their target price on Federal Signal from $105.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, April 14th.

Federal Signal Trading Down 0.0 %

Shares of Federal Signal stock opened at $89.55 on Friday. 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 Co. has a twelve month low of $66.47 and a twelve month high of $102.18. The firm has a market capitalization of $5.46 billion, a PE ratio of 25.96, a P/E/G ratio of 1.85 and a beta of 1.23. The firm’s 50-day moving average price is $77.74 and its 200 day moving average price is $87.99.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $463.80 million for the quarter, compared to analyst estimates of $462.63 million. During the same period in the previous year, the company posted $0.64 earnings per share. The business’s revenue was up 9.2% on a year-over-year basis. On average, sell-side analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal announced that its Board of Directors has initiated a share buyback plan on Tuesday, April 22nd that permits the company to repurchase $150.00 million in 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 stock is undervalued.

Federal Signal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Friday, May 16th. Federal Signal’s dividend payout ratio is currently 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.