Sequoia Financial Advisors LLC Invests $255,000 in Federal Signal Co. (NYSE:FSS)

Sequoia Financial Advisors LLC purchased a new stake in Federal Signal Co. (NYSE:FSS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,325 shares of the conglomerate’s stock, valued at approximately $255,000.

A number of other large investors have also added to or reduced their stakes in FSS. Invesco Ltd. raised its stake in Federal Signal by 156.3% in the 3rd quarter. Invesco Ltd. now owns 945,571 shares of the conglomerate’s stock valued at $56,479,000 after acquiring an additional 576,643 shares during the period. Norges Bank bought a new stake in Federal Signal in the 4th quarter valued at $25,846,000. Conestoga Capital Advisors LLC raised its stake in Federal Signal by 52.4% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,318,407 shares of the conglomerate’s stock valued at $78,748,000 after acquiring an additional 453,342 shares during the period. Macquarie Group Ltd. raised its stake in Federal Signal by 12.2% in the 1st quarter. Macquarie Group Ltd. now owns 2,582,443 shares of the conglomerate’s stock valued at $139,994,000 after acquiring an additional 280,651 shares during the period. Finally, Van Berkom & Associates Inc. raised its stake in Federal Signal by 18.4% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,549,215 shares of the conglomerate’s stock valued at $92,535,000 after acquiring an additional 241,282 shares during the period. Institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Down 0.8 %

FSS opened at $80.86 on Friday. The company has a current ratio of 2.91, a quick ratio of 1.36 and a debt-to-equity ratio of 0.29. The stock has a market cap of $4.93 billion, a PE ratio of 31.46 and a beta of 1.03. The stock’s fifty day simple moving average is $81.74 and its 200 day simple moving average is $73.90. Federal Signal Co. has a 1-year low of $49.82 and a 1-year high of $88.47.

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

Federal Signal Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.12 per share. This is a boost 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 yield of 0.59%. Federal Signal’s dividend payout ratio (DPR) is presently 18.68%.

Federal Signal Company 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.