TFO Wealth Partners LLC Buys 2,650 Shares of Federal Signal Co. (NYSE:FSS)

TFO Wealth Partners LLC grew its stake in shares of Federal Signal Co. (NYSE:FSSFree Report) by 88,333.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,653 shares of the conglomerate’s stock after buying an additional 2,650 shares during the period. TFO Wealth Partners LLC’s holdings in Federal Signal were worth $204,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FSS. Parallel Advisors LLC increased its position in shares of Federal Signal by 28.1% in the fourth quarter. Parallel Advisors LLC now owns 638 shares of the conglomerate’s stock worth $49,000 after purchasing an additional 140 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Federal Signal by 36.0% during the 4th quarter. Fifth Third Bancorp now owns 793 shares of the conglomerate’s stock valued at $61,000 after buying an additional 210 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Federal Signal by 3.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,853 shares of the conglomerate’s stock worth $526,000 after acquiring an additional 244 shares during the last quarter. Arizona State Retirement System grew its position in Federal Signal by 1.6% in the third quarter. Arizona State Retirement System now owns 17,336 shares of the conglomerate’s stock worth $1,035,000 after acquiring an additional 271 shares in the last quarter. Finally, Diversified Trust Co increased its stake in Federal Signal by 9.1% in the fourth quarter. Diversified Trust Co now owns 4,451 shares of the conglomerate’s stock valued at $342,000 after acquiring an additional 373 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Price Performance

FSS stock opened at $87.18 on Tuesday. The firm has a market cap of $5.33 billion, a P/E ratio of 29.45 and a beta of 0.99. The firm’s fifty day moving average is $84.94 and its 200 day moving average is $79.32. Federal Signal Co. has a 52 week low of $55.87 and a 52 week high of $92.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 2.82.

Federal Signal (NYSE:FSSGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The conglomerate reported $0.64 EPS for the quarter, topping the consensus estimate of $0.55 by $0.09. The firm had revenue of $424.90 million for the quarter, compared to the consensus estimate of $425.58 million. Federal Signal had a return on equity of 17.36% and a net margin of 10.31%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 earnings per share. Research analysts predict that Federal Signal Co. will post 3.07 earnings per share for the current year.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Thursday, May 16th. Federal Signal’s payout ratio is 16.22%.

Analyst Upgrades and Downgrades

Separately, William Blair initiated coverage on Federal Signal in a report on Friday. They issued an “outperform” rating for the company.

Check Out Our Latest Report on FSS

Federal Signal Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Federal Signal (NYSE:FSS)

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