New York State Teachers Retirement System Has $7.22 Million Position in Federal Signal Co. (NYSE:FSS)

New York State Teachers Retirement System lowered its holdings in Federal Signal Co. (NYSE:FSS) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 94,092 shares of the conglomerate’s stock after selling 1,164 shares during the quarter. New York State Teachers Retirement System owned about 0.15% of Federal Signal worth $7,221,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of FSS. Fifth Third Bancorp raised its position in shares of Federal Signal by 155.7% during the third quarter. Fifth Third Bancorp now owns 583 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 355 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Federal Signal during the first quarter worth $51,000. Lazard Asset Management LLC bought a new stake in shares of Federal Signal during the first quarter worth $52,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Federal Signal during the third quarter worth $78,000. Finally, Point72 Middle East FZE bought a new stake in shares of Federal Signal during the fourth quarter worth $95,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Trading Up 1.1 %

FSS stock opened at $84.94 on Friday. The company has a market cap of $5.18 billion, a P/E ratio of 33.05 and a beta of 1.03. Federal Signal Co. has a twelve month low of $49.82 and a twelve month high of $88.47. The company has a quick ratio of 1.36, a current ratio of 2.91 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $81.12 and a 200-day moving average of $72.87.

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

Federal Signal Increases Dividend

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