Federated Hermes Inc. Sells 21,782 Shares of Federal Signal Co. (NYSE:FSS)

Federated Hermes Inc. lowered its position in Federal Signal Co. (NYSE:FSS) by 42.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 29,562 shares of the conglomerate’s stock after selling 21,782 shares during the period. Federated Hermes Inc.’s holdings in Federal Signal were worth $2,269,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in Federal Signal by 155.7% in the 3rd quarter. Fifth Third Bancorp now owns 583 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 355 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in Federal Signal in the 3rd quarter valued at about $78,000. Anchor Investment Management LLC bought a new position in Federal Signal in the 4th quarter valued at about $146,000. International Assets Investment Management LLC bought a new position in Federal Signal in the 4th quarter valued at about $153,000. Finally, Signet Investment Advisory Group Inc. bought a new position in Federal Signal in the 4th quarter valued at about $211,000. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Stock Up 0.9 %

Federal Signal stock opened at $83.88 on Monday. The stock has a market cap of $5.12 billion, a P/E ratio of 32.64 and a beta of 1.03. The company has a quick ratio of 1.36, a current ratio of 2.91 and a debt-to-equity ratio of 0.29. Federal Signal Co. has a twelve month low of $49.84 and a twelve month high of $88.47. The company’s 50-day moving average price is $82.14 and its two-hundred day moving average price is $74.89.

Federal Signal (NYSE:FSS) last released its quarterly 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 net margin of 9.14% and a return on equity of 16.88%. The firm had revenue of $448.40 million for the quarter, compared to analysts’ expectations of $422.45 million. During the same period in the prior year, the firm earned $0.57 EPS. The business’s revenue was up 14.5% on a year-over-year basis. As a group, analysts expect that Federal Signal Co. will post 2.99 EPS for the current year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 0.57%. Federal Signal’s dividend payout ratio is presently 18.68%.

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.