Federal Signal Co. (NYSE:FSS) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in Federal Signal Co. (NYSE:FSS) by 38.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,894 shares of the conglomerate’s stock after buying an additional 4,436 shares during the period. Van ECK Associates Corp’s holdings in Federal Signal were worth $1,220,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Federal Signal by 20.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,955 shares of the conglomerate’s stock worth $774,000 after acquiring an additional 2,204 shares during the last quarter. Park Avenue Securities LLC acquired a new position in shares of Federal Signal in the 3rd quarter valued at $362,000. Conestoga Capital Advisors LLC grew its stake in shares of Federal Signal by 52.4% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,318,407 shares of the conglomerate’s stock valued at $78,748,000 after buying an additional 453,342 shares during the period. Fifth Third Bancorp increased its holdings in shares of Federal Signal by 155.7% during the 3rd quarter. Fifth Third Bancorp now owns 583 shares of the conglomerate’s stock worth $35,000 after buying an additional 355 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of Federal Signal by 76.4% in the 3rd quarter. Panagora Asset Management Inc. now owns 178,646 shares of the conglomerate’s stock worth $10,671,000 after buying an additional 77,382 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Federal Signal Price Performance

FSS stock opened at $87.22 on Friday. The stock has a 50-day moving average price of $82.52 and a two-hundred day moving average price of $76.17. The company has a market cap of $5.33 billion, a PE ratio of 29.46 and a beta of 1.02. The company has a current ratio of 2.82, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. Federal Signal Co. has a 12-month low of $51.31 and a 12-month high of $88.47.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Tuesday, April 30th. The conglomerate reported $0.64 EPS for the quarter, beating the consensus estimate of $0.55 by $0.09. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. The firm had revenue of $424.90 million for the quarter, compared to analyst estimates of $425.58 million. During the same quarter last year, the firm posted $0.46 earnings per share. Federal Signal’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, research analysts predict that Federal Signal Co. will post 3.07 EPS for the current year.

Federal Signal Dividend Announcement

The business also recently declared 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. The ex-dividend date is Thursday, May 16th. This represents a $0.48 annualized dividend and a yield of 0.55%. Federal Signal’s dividend payout ratio is currently 16.22%.

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.