Parallel Advisors LLC Acquires 140 Shares of Federal Signal Co. (NYSE:FSS)

Parallel Advisors LLC boosted its holdings in shares of Federal Signal Co. (NYSE:FSSFree Report) by 28.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 638 shares of the conglomerate’s stock after buying an additional 140 shares during the quarter. Parallel Advisors LLC’s holdings in Federal Signal were worth $49,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. GAMMA Investing LLC purchased a new position in shares of Federal Signal in the 4th quarter valued at $38,000. Fifth Third Bancorp raised its holdings in Federal Signal by 36.0% in the fourth quarter. Fifth Third Bancorp now owns 793 shares of the conglomerate’s stock worth $61,000 after purchasing an additional 210 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Federal Signal during the third quarter valued at about $78,000. Anchor Investment Management LLC bought a new stake in shares of Federal Signal in the 4th quarter valued at about $146,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Federal Signal in the 4th quarter worth approximately $153,000. Institutional investors own 92.73% of the company’s stock.

Federal Signal Trading Down 1.0 %

Federal Signal stock opened at $85.75 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 2.82. The stock has a market cap of $5.24 billion, a PE ratio of 28.97 and a beta of 0.99. The stock has a 50-day moving average of $85.11 and a two-hundred day moving average of $79.65. Federal Signal Co. has a one year low of $56.37 and a one year high of $92.90.

Federal Signal (NYSE:FSSGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The conglomerate reported $0.64 EPS for the quarter, beating the consensus estimate of $0.55 by $0.09. The firm had revenue of $424.90 million during the quarter, compared to analyst estimates of $425.58 million. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. Federal Signal’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $0.46 EPS. On average, research analysts anticipate that Federal Signal Co. will post 3.08 EPS for the current fiscal year.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Thursday, May 16th. Federal Signal’s payout ratio is 16.22%.

Analyst Ratings Changes

Separately, William Blair assumed coverage on shares of Federal Signal in a research report on Friday, May 31st. They set an “outperform” rating for the company.

View Our Latest Research Report on Federal Signal

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.

See Also

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

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