Strs Ohio Acquires 1,600 Shares of Federal Signal Co. (NYSE:FSS)

Strs Ohio boosted its holdings in shares of Federal Signal Co. (NYSE:FSS) by 39.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,700 shares of the conglomerate’s stock after purchasing an additional 1,600 shares during the period. Strs Ohio’s holdings in Federal Signal were worth $437,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FSS. Fifth Third Bancorp lifted its holdings in 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 in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Federal Signal during the third quarter worth about $78,000. Anchor Investment Management LLC bought a new position in Federal Signal during the fourth quarter worth about $146,000. International Assets Investment Management LLC bought a new position in Federal Signal during the fourth quarter worth about $153,000. Finally, Signet Investment Advisory Group Inc. bought a new position in Federal Signal during the fourth quarter worth about $211,000. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Stock Performance

Shares of Federal Signal stock opened at $83.88 on Monday. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 32.64 and a beta of 1.03. The stock’s 50-day moving average is $82.14 and its 200-day moving average is $74.89. Federal Signal Co. has a one year low of $49.84 and a one year high of $88.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.91 and a quick ratio of 1.36.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Tuesday, February 27th. The conglomerate reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The company had revenue of $448.40 million for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $0.57 earnings per share. Equities analysts predict that Federal Signal Co. will post 2.99 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

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