Prospect Capital Advisors LLC Sells 25,290 Shares of Federal Signal Co. (NYSE:FSS)

Prospect Capital Advisors LLC trimmed its stake in Federal Signal Co. (NYSE:FSS) by 23.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,740 shares of the conglomerate’s stock after selling 25,290 shares during the quarter. Federal Signal comprises about 4.3% of Prospect Capital Advisors LLC’s holdings, making the stock its 9th biggest position. Prospect Capital Advisors LLC’s holdings in Federal Signal were worth $7,460,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of FSS. CoreCap Advisors LLC lifted its stake in shares of Federal Signal by 19.9% in the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate’s stock valued at $81,000 after buying an additional 145 shares in the last quarter. Mather Group LLC. lifted its stake in shares of Federal Signal by 20.1% in the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock valued at $82,000 after buying an additional 149 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Federal Signal by 0.9% in the fourth quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate’s stock valued at $1,640,000 after buying an additional 152 shares in the last quarter. Albion Financial Group UT lifted its stake in shares of Federal Signal by 1.3% in the fourth quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate’s stock valued at $1,120,000 after buying an additional 153 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Federal Signal by 37.4% in the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock valued at $56,000 after buying an additional 165 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on FSS shares. StockNews.com lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. DA Davidson raised their price target on shares of Federal Signal from $82.00 to $84.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Raymond James dropped their price target on shares of Federal Signal from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Finally, KeyCorp raised shares of Federal Signal from a “sector weight” rating to an “overweight” rating and set a $110.00 price target on the stock in a research report on Monday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Federal Signal has an average rating of “Moderate Buy” and a consensus price target of $98.00.

Federal Signal Stock Performance

NYSE FSS opened at $93.73 on Thursday. Federal Signal Co. has a 52-week low of $66.47 and a 52-week high of $102.18. The company has a 50-day simple moving average of $78.56 and a 200 day simple moving average of $88.17. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The company has a market capitalization of $5.71 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23.

Federal Signal (NYSE:FSS) last posted 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. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. 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 company posted $0.64 earnings per share. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, research analysts predict that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.56 dividend on an annualized basis and a yield of 0.60%. Federal Signal’s dividend payout ratio (DPR) is presently 16.37%.

Federal Signal declared that its board has authorized a stock repurchase program on Tuesday, April 22nd that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the conglomerate to buy up to 3.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Federal Signal news, CEO Jennifer L. Sherman bought 1,250 shares of Federal Signal stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the purchase, the chief executive officer now directly 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 3.30% of the stock is currently owned by corporate insiders.

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.