Mirae Asset Global Investments Co. Ltd. Has $2.11 Million Stock Position in Federal Signal Co. (NYSE:FSS)

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Federal Signal Co. (NYSE:FSS) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,462 shares of the conglomerate’s stock after purchasing an additional 1,482 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Federal Signal were worth $2,107,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in Federal Signal by 0.4% during the first quarter. BlackRock Inc. now owns 9,248,821 shares of the conglomerate’s stock valued at $312,147,000 after purchasing an additional 40,965 shares during the last quarter. Vanguard Group Inc. raised its holdings in Federal Signal by 3.3% during the third quarter. Vanguard Group Inc. now owns 6,618,609 shares of the conglomerate’s stock valued at $395,330,000 after buying an additional 209,965 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Federal Signal by 5.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,799,397 shares of the conglomerate’s stock valued at $99,659,000 after buying an additional 148,657 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Federal Signal by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,784,527 shares of the conglomerate’s stock valued at $93,979,000 after buying an additional 27,052 shares in the last quarter. Finally, Macquarie Group Ltd. raised its holdings in Federal Signal by 12.2% during the first quarter. Macquarie Group Ltd. now owns 2,582,443 shares of the conglomerate’s stock valued at $139,994,000 after buying an additional 280,651 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Price Performance

NYSE FSS opened at $80.86 on Friday. Federal Signal Co. has a fifty-two week low of $49.82 and a fifty-two week high of $88.47. The stock’s 50-day moving average is $81.74 and its two-hundred day moving average is $73.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.91 and a quick ratio of 1.36. The firm has a market cap of $4.93 billion, a P/E ratio of 31.46 and a beta of 1.03.

Federal Signal (NYSE:FSS) last posted its earnings results 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 analyst estimates of $422.45 million. During the same period last year, the company earned $0.57 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. On average, analysts anticipate that Federal Signal Co. will post 2.99 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.12 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from Federal Signal’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.59%. Federal Signal’s payout ratio is presently 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.