Strs Ohio acquires 1,600 shares of Federal Signal Co. (NYSE:FSS)

Strs Ohio has sold its interest in shares of Federal Signal Co. (NYSE:FSS – Free Report) increased 39.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,700 shares of the conglomerate, after purchasing a further 1,600 shares during the period. Strs Ohio’s holdings in Federal Signal were worth $437,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently increased or decreased their stakes in FSS. Fifth Third Bancorp increased its stake in Federal Signal by 155.7% in the third quarter. Fifth Third Bancorp now owns 583 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 355 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Federal Signal during the third quarter worth approximately $78,000. Anchor Investment Management LLC purchased a new position in Federal Signal during the fourth quarter valued at approximately $146,000. International Assets Investment Management LLC purchased a new position in Federal Signal during the fourth quarter valued at approximately $153,000. Finally, Signet bought Investment Advisory Group Inc. a new position in Federal Signal worth approximately $211,000 during the fourth quarter. 92.73% of the shares are currently held by institutional investors.

Federal Signal Stock Performance

Shares of Federal Signal opened at $83.88 on Monday. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 32.64 and a beta of 1.03. The stock’s 50-day moving average is $82.14 and its 200-day moving average is $74.89. Federal Signal Co. has a one-year low of $49.84 and a one-year high of $88.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.91 and a quick ratio of 1.36.

Federal Signal (NYSE:FSS – Get Free Report) posted its latest quarterly results on Tuesday, February 27. The conglomerate reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The company had revenue of $448.40 million for the quarter, compared to analyst estimates of $422.45 million. Federal Signal had a return on equity of 16.88% and a net margin of 9.14%. The company’s quarterly revenue increased 14.5% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $0.57. Stock analysts predict that Federal Signal Co. will record a profit per share of 2.99 for the current financial year.

Federal Signal announces dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31. Investors of record on Friday, May 17 will receive a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 16. This represents a dividend of $0.48 annually and a yield of 0.57%. Federal Signal’s payout ratio currently stands at 18.68%.

Federal signal profile

(Free report)

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, government, 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 manufacturing and supply of street sweeping vehicles, sewer cleaners, vacuum loaders, hydro-excavators and water jetting equipment.

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Would you like to see which other hedge funds own FSS? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Federal Signal Co. (NYSE:FSS – Free Report).

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