Nebula Research & Development LLC Has $2.33 Million Stock Position in Federal Signal Co. (NYSE:FSS)

Nebula Research & Development LLC boosted its holdings in shares of Federal Signal Co. (NYSE:FSS) by 38.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,245 shares of the conglomerate’s stock after acquiring an additional 7,021 shares during the quarter. Nebula Research & Development LLC’s holdings in Federal Signal were worth $2,332,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Federal Signal by 338.7% in the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock worth $13,569,000 after purchasing an additional 112,092 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Federal Signal in the 3rd quarter valued at approximately $46,000. Tidal Investments LLC lifted its position in Federal Signal by 19.1% in the 3rd quarter. Tidal Investments LLC now owns 3,174 shares of the conglomerate’s stock worth $297,000 after buying an additional 510 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Federal Signal by 26.7% during the 3rd quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock valued at $59,523,000 after buying an additional 134,457 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Federal Signal by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 169,352 shares of the conglomerate’s stock valued at $15,828,000 after acquiring an additional 2,348 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Price Performance

NYSE FSS opened at $76.76 on Friday. Federal Signal Co. has a fifty-two week low of $66.47 and a fifty-two week high of $102.18. The stock’s 50-day moving average is $78.82 and its two-hundred day moving average is $88.55. The firm has a market cap of $4.69 billion, a P/E ratio of 22.25, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.87. The business had revenue of $472.00 million for the quarter, compared to the consensus estimate of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. On average, analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.56 annualized dividend and a yield of 0.73%. Federal Signal’s dividend payout ratio (DPR) is presently 15.95%.

Federal Signal announced that its board has initiated a share buyback plan on Tuesday, April 22nd that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the conglomerate to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com lowered Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Raymond James cut their price target 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.

Insiders Place Their Bets

In other Federal Signal news, CEO Jennifer L. Sherman acquired 1,250 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $82.32 per share, for a total transaction 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 trade represents a 0.22 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.30% of the company’s stock.

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.