UBS Group AG Increases Holdings in Federal Signal Co. (NYSE:FSS)

UBS Group AG lifted its position in Federal Signal Co. (NYSE:FSS – Get Rating) by 1.1% in the 4th quarter, HoldingsChannel reports. The firm owned 326,025 shares of the conglomerate’s stock after purchasing an additional 3,686 shares during the quarter. UBS Group AG’s holdings in Federal Signal were worth $15,150,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. ProShare Advisors LLC raised its stake in shares of Federal Signal by 14.8% in the fourth quarter. ProShare Advisors LLC now owns 9,455 shares of the conglomerate’s stock worth $439,000 after purchasing an additional 1,220 shares during the last quarter. Global Alpha Capital Management Ltd. raised its stake in shares of Federal Signal by 14.2% in the third quarter. Global Alpha Capital Management Ltd. now owns 600,960 shares of the conglomerate’s stock worth $22,428,000 after purchasing an additional 74,500 shares during the last quarter. Bellecapital International Ltd. raised its stake in shares of Federal Signal by 1.1% in the third quarter. Bellecapital International Ltd. now owns 21,682 shares of the conglomerate’s stock worth $809,000 after purchasing an additional 230 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Federal Signal by 4.8% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,178,827 shares of the conglomerate’s stock worth $43,994,000 after purchasing an additional 53,595 shares during the last quarter. Finally, Axiom Investors LLC DE raised its position in Federal Signal by 27.3% during the third quarter. Axiom Investors LLC DE now owns 50,190 shares of the conglomerate’s stock valued at $1,873,000 after acquiring an additional 10,770 shares in the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Sidoti cut Federal Signal from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a research report on Thursday, February 23rd. DA Davidson lifted their price target on Federal Signal from $54.00 to $68.00 in a research report on Thursday, March 2nd. StockNews.com assumed coverage on Federal Signal in a research report on Thursday. They set a “hold” rating for the company. Finally, Raymond James lifted their price target on Federal Signal from $57.00 to $68.00 and gave the company a “strong-buy” rating in a research report on Thursday, March 2nd. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Federal Signal has an average rating of “Moderate Buy” and an average target price of $59.25.

Federal Signal Stock Up 0.4 %

Shares of FSS opened at $54.60 on Friday. The company has a current ratio of 2.79, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42. Federal Signal Co. has a 12 month low of $32.42 and a 12 month high of $58.15. The stock’s 50 day moving average is $52.02 and its two-hundred day moving average is $50.67. The firm has a market cap of $3.32 billion, a P/E ratio of 26.12 and a beta of 1.08.

Federal Signal (NYSE:FSS – Get Rating) last issued its quarterly earnings data on Tuesday, May 2nd. The conglomerate reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. Federal Signal had a return on equity of 15.06% and a net margin of 8.54%. The company had revenue of $385.50 million for the quarter, compared to analyst estimates of $370.61 million. During the same period last year, the company earned $0.34 earnings per share. Federal Signal’s quarterly revenue was up 16.7% compared to the same quarter last year. Analysts predict that Federal Signal Co. will post 2.37 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, May 19th will be issued a $0.10 dividend. This is a positive change from Federal Signal’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 0.73%. The ex-dividend date is Thursday, May 18th. Federal Signal’s dividend payout ratio (DPR) is presently 19.14%.

Insider Transactions at Federal Signal

In other news, CFO Ian A. Hudson sold 9,343 shares of Federal Signal stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $52.53, for a total value of $490,787.79. Following the sale, the chief financial officer now directly owns 70,651 shares of the company’s stock, valued at $3,711,297.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Ian A. Hudson sold 49,330 shares of Federal Signal stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $51.78, for a total value of $2,554,307.40. Following the sale, the chief financial officer now directly owns 70,651 shares of the company’s stock, valued at $3,658,308.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ian A. Hudson sold 9,343 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $52.53, for a total value of $490,787.79. Following the transaction, the chief financial officer now directly owns 70,651 shares in the company, valued at approximately $3,711,297.03. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

About Federal Signal

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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.