Fifth Third Bancorp Has $61,000 Stock Holdings in Federal Signal Co. (NYSE:FSS)

Fifth Third Bancorp raised its holdings in Federal Signal Co. (NYSE:FSS) by 36.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 793 shares of the conglomerate’s stock after purchasing an additional 210 shares during the quarter. Fifth Third Bancorp’s holdings in Federal Signal were worth $61,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. BLB&B Advisors LLC acquired a new stake in shares of Federal Signal in the 4th quarter valued at $213,000. Oak Ridge Investments LLC acquired a new stake in shares of Federal Signal in the 4th quarter valued at $2,071,000. Legato Capital Management LLC boosted its holdings in shares of Federal Signal by 63.8% in the 4th quarter. Legato Capital Management LLC now owns 13,924 shares of the conglomerate’s stock valued at $1,069,000 after purchasing an additional 5,425 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Federal Signal in the 4th quarter valued at $240,000. Finally, Diversified Trust Co boosted its holdings in shares of Federal Signal by 9.1% in the 4th quarter. Diversified Trust Co now owns 4,451 shares of the conglomerate’s stock valued at $342,000 after purchasing an additional 373 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Trading Down 0.9 %

Shares of FSS stock opened at $84.01 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.36 and a current ratio of 2.91. Federal Signal Co. has a fifty-two week low of $49.82 and a fifty-two week high of $88.47. The company has a market cap of $5.13 billion, a PE ratio of 32.69 and a beta of 1.03. The stock’s fifty day moving average price is $80.98 and its two-hundred day moving average price is $72.79.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Tuesday, February 27th. The conglomerate reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.07. Federal Signal had a return on equity of 16.88% and a net margin of 9.14%. The company had revenue of $448.40 million for the quarter, compared to the consensus estimate of $422.45 million. During the same quarter last year, the business posted $0.57 EPS. Federal Signal’s revenue for the quarter was up 14.5% on a year-over-year basis. Equities analysts predict that Federal Signal Co. will post 2.99 EPS for the current fiscal year.

Federal Signal Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.12 per share. This is an increase from Federal Signal’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, March 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.57%. Federal Signal’s dividend payout ratio (DPR) is 18.68%.

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.