Van Berkom & Associates Inc. Purchases 20,771 Shares of Federal Signal Corporation (NYSE:FSS)

Van Berkom & Associates Inc. grew its position in Federal Signal Corporation (NYSE:FSS) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,045,565 shares of the conglomerate’s stock after buying an additional 20,771 shares during the quarter. Federal Signal accounts for 2.5% of Van Berkom & Associates Inc.’s holdings, making the stock its 17th largest holding. Van Berkom & Associates Inc. owned about 1.71% of Federal Signal worth $76,901,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FSS. Opal Wealth Advisors LLC purchased a new stake in Federal Signal in the first quarter worth about $29,000. Bessemer Group Inc. raised its holdings in shares of Federal Signal by 78.4% in the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 185 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in shares of Federal Signal by 201.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate’s stock valued at $48,000 after purchasing an additional 440 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of Federal Signal by 19.9% in the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate’s stock worth $81,000 after purchasing an additional 145 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Federal Signal by 16.9% during the first quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate’s stock valued at $82,000 after purchasing an additional 162 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on FSS. Raymond James Financial set a $120.00 price objective on shares of Federal Signal and gave the stock an “outperform” rating in a research note on Monday, June 30th. DA Davidson boosted their price target on Federal Signal from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, KeyCorp reiterated a “sector weight” rating on shares of Federal Signal in a research note on Friday, July 11th.

Federal Signal Trading Up 1.1%

NYSE:FSS opened at $108.66 on Friday. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 2.00 and a beta of 1.27. Federal Signal Corporation has a 52 week low of $66.47 and a 52 week high of $114.40. The company has a quick ratio of 1.09, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $102.86 and a 200 day moving average of $91.68.

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 18.44% and a net margin of 11.10%. The business had revenue of $463.80 million for the quarter, compared to the consensus estimate of $462.63 million. During the same period in the prior year, the firm posted $0.64 earnings per share. The business’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Friday, August 15th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Friday, August 15th. Federal Signal’s dividend payout ratio is presently 16.37%.

Federal Signal declared that its board has initiated a stock buyback plan on Tuesday, April 22nd that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the conglomerate to reacquire up to 3.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.