First Trust Advisors LP Purchases 81,622 Shares of Federal Signal Co. (NYSE:FSS)

First Trust Advisors LP lifted its position in Federal Signal Co. (NYSE:FSSFree Report) by 23.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 432,897 shares of the conglomerate’s stock after purchasing an additional 81,622 shares during the period. First Trust Advisors LP owned about 0.71% of Federal Signal worth $33,221,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Federal Signal in the fourth quarter worth approximately $38,000. Parallel Advisors LLC grew its holdings 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 grew its holdings in shares of 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 during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Federal Signal in the third quarter worth approximately $78,000. Finally, Anchor Investment Management LLC bought a new position in shares of Federal Signal in the fourth quarter worth approximately $146,000. Institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Performance

Shares of FSS stock opened at $85.77 on Monday. The stock has a fifty day moving average of $85.11 and a 200 day moving average of $79.79. Federal Signal Co. has a 52 week low of $56.37 and a 52 week high of $92.90. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 28.98 and a beta of 0.99. The company has a quick ratio of 1.29, a current ratio of 2.82 and a debt-to-equity ratio of 0.26.

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

Federal Signal Announces Dividend

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 dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Thursday, May 16th. Federal Signal’s dividend payout ratio is currently 16.22%.

Analyst Ratings Changes

Separately, William Blair initiated coverage on Federal Signal in a research note on Friday, May 31st. They issued an “outperform” rating for the company.

Read Our Latest 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.

Further Reading

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

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