Aptus Capital Advisors LLC Purchases 4,498 Shares of Federal Signal Co. (NYSE:FSS)

Aptus Capital Advisors LLC grew its stake in shares of Federal Signal Co. (NYSE:FSSGet Rating) by 6.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,163 shares of the conglomerate’s stock after acquiring an additional 4,498 shares during the quarter. Aptus Capital Advisors LLC owned about 0.12% of Federal Signal worth $2,402,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. National Bank of Canada FI acquired a new position in Federal Signal in the 4th quarter worth approximately $40,000. Eaton Vance Management lifted its position in shares of Federal Signal by 12.6% during the 4th quarter. Eaton Vance Management now owns 3,462 shares of the conglomerate’s stock valued at $83,000 after buying an additional 388 shares in the last quarter. Keebeck Alpha LP acquired a new position in Federal Signal in the 4th quarter valued at $225,000. PDT Partners LLC raised its stake in Federal Signal by 13.0% in the 4th quarter. PDT Partners LLC now owns 6,418 shares of the conglomerate’s stock valued at $278,000 after purchasing an additional 738 shares during the last quarter. Finally, Advisor Group Holdings Inc. increased its stake in shares of Federal Signal by 15.9% in the 4th quarter. Advisor Group Holdings Inc. now owns 6,701 shares of the conglomerate’s stock worth $291,000 after acquiring an additional 919 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Federal Signal Stock Up 2.1 %

Shares of NYSE:FSS opened at $38.60 on Thursday. The company has a quick ratio of 1.18, a current ratio of 2.56 and a debt-to-equity ratio of 0.42. Federal Signal Co. has a 52-week low of $31.86 and a 52-week high of $48.88. The stock’s fifty day simple moving average is $35.54 and its 200-day simple moving average is $35.62. The company has a market capitalization of $2.34 billion, a P/E ratio of 24.13 and a beta of 0.92.

Federal Signal (NYSE:FSSGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The conglomerate reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. Federal Signal had a return on equity of 13.74% and a net margin of 7.82%. The company had revenue of $367.00 million during the quarter, compared to analyst estimates of $364.80 million. During the same period in the prior year, the firm posted $0.50 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts forecast that Federal Signal Co. will post 1.92 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 19th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, August 18th. Federal Signal’s dividend payout ratio is presently 22.50%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FSS shares. Raymond James cut their price objective on Federal Signal from $46.00 to $45.00 and set a “strong-buy” rating for the company in a research report on Tuesday, April 26th. StockNews.com assumed coverage on Federal Signal in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.50.

Federal Signal Company Profile

(Get Rating)

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.

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

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