First Trust Direct Indexing L.P. Makes New $203,000 Investment in Federal Signal Co. (NYSE:FSS)

First Trust Direct Indexing L.P. purchased a new position in shares of Federal Signal Co. (NYSE:FSS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,644 shares of the conglomerate’s stock, valued at approximately $203,000.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Federal Signal by 3.3% during the third quarter. Vanguard Group Inc. now owns 6,618,609 shares of the conglomerate’s stock worth $395,330,000 after purchasing an additional 209,965 shares in the last quarter. Van Berkom & Associates Inc. increased its position in shares of Federal Signal by 18.4% during the third quarter. Van Berkom & Associates Inc. now owns 1,549,215 shares of the conglomerate’s stock worth $92,535,000 after acquiring an additional 241,282 shares during the period. Conestoga Capital Advisors LLC increased its position in shares of Federal Signal by 2.4% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,350,214 shares of the conglomerate’s stock worth $103,615,000 after acquiring an additional 31,807 shares during the period. Invesco Ltd. increased its position in shares of Federal Signal by 156.3% during the third quarter. Invesco Ltd. now owns 945,571 shares of the conglomerate’s stock worth $56,479,000 after acquiring an additional 576,643 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Federal Signal by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 640,265 shares of the conglomerate’s stock worth $38,243,000 after acquiring an additional 8,554 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Stock Down 0.6 %

Federal Signal stock opened at $85.39 on Thursday. Federal Signal Co. has a twelve month low of $51.31 and a twelve month high of $88.47. The stock’s fifty day simple moving average is $82.42 and its 200-day simple moving average is $76.09. The company has a current ratio of 2.82, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.22 billion, a P/E ratio of 28.85 and a beta of 1.02.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.09. The business had revenue of $424.90 million for the quarter, compared to analyst estimates of $425.58 million. Federal Signal had a return on equity of 17.36% and a net margin of 10.31%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 earnings per share. As a group, equities analysts expect that Federal Signal Co. will post 3.07 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The firm 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 $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Thursday, May 16th. Federal Signal’s dividend payout ratio (DPR) is presently 16.22%.

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.