DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $2.03 Million Stake in Federal Signal Co. (NYSE:FSS)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Federal Signal Co. (NYSE:FSS) by 46.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,000 shares of the conglomerate’s stock after purchasing an additional 7,000 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Federal Signal were worth $2,033,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of FSS. Capital World Investors acquired a new position in shares of Federal Signal during the fourth quarter valued at about $79,810,000. Norges Bank purchased a new stake in shares of Federal Signal during the 4th quarter worth approximately $78,192,000. Raymond James Financial Inc. purchased a new stake in shares of Federal Signal during the 4th quarter worth approximately $36,636,000. First Trust Advisors LP raised its holdings in shares of Federal Signal by 56.5% in the 4th quarter. First Trust Advisors LP now owns 894,136 shares of the conglomerate’s stock worth $82,609,000 after purchasing an additional 322,676 shares during the period. Finally, Invesco Ltd. lifted its stake in Federal Signal by 12.4% in the fourth quarter. Invesco Ltd. now owns 2,199,200 shares of the conglomerate’s stock valued at $203,184,000 after purchasing an additional 242,840 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Insider Buying and Selling

In other Federal Signal news, CEO Jennifer L. Sherman bought 1,250 shares of Federal Signal stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of $82.32 per share, for a total transaction 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. 3.30% of the stock is currently owned by insiders.

Federal Signal Trading Down 0.0 %

NYSE:FSS opened at $89.55 on Friday. Federal Signal Co. has a 1 year low of $66.47 and a 1 year high of $102.18. The stock’s fifty day moving average price is $77.74 and its two-hundred day moving average price is $88.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The company has a market cap of $5.46 billion, a P/E ratio of 25.96, a P/E/G ratio of 1.85 and a beta of 1.23.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data 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. The business had revenue of $463.80 million for the quarter, compared to analysts’ expectations of $462.63 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 EPS. As a group, analysts expect that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal announced that its Board of Directors has initiated a share buyback plan on Tuesday, April 22nd that allows the company to buyback $150.00 million in shares. This buyback authorization allows the conglomerate to reacquire up to 3.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.56 annualized dividend and a yield of 0.63%. Federal Signal’s dividend payout ratio is currently 16.37%.

Analyst Ratings Changes

Several brokerages have issued reports on FSS. Raymond James lowered their target price on Federal Signal from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. DA Davidson boosted their price objective on Federal Signal from $82.00 to $84.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Finally, StockNews.com lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st.

About Federal Signal

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.