Nicholas Investment Partners LP Has $5.08 Million Stake in Federal Signal Co. (NYSE:FSS)

Nicholas Investment Partners LP grew its holdings in shares of Federal Signal Co. (NYSE:FSSFree Report) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,145 shares of the conglomerate’s stock after purchasing an additional 829 shares during the period. Nicholas Investment Partners LP owned about 0.11% of Federal Signal worth $5,076,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in shares of Federal Signal by 36.0% in the 4th quarter. Fifth Third Bancorp now owns 793 shares of the conglomerate’s stock valued at $61,000 after purchasing an additional 210 shares in 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 valued at $1,035,000 after acquiring an additional 271 shares during the last quarter. Diversified Trust Co raised its stake in Federal Signal by 9.1% during the fourth quarter. Diversified Trust Co now owns 4,451 shares of the conglomerate’s stock worth $342,000 after acquiring an additional 373 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Federal Signal by 11.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 4,266 shares of the conglomerate’s stock valued at $255,000 after purchasing an additional 423 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Federal Signal during the 4th quarter valued at approximately $38,000. 92.73% of the stock is owned by institutional investors.

Federal Signal Price Performance

Shares of NYSE FSS traded up $0.75 during mid-day trading on Wednesday, hitting $87.52. 226,828 shares of the stock traded hands, compared to its average volume of 351,824. The company has a market cap of $5.35 billion, a PE ratio of 29.57 and a beta of 1.02. Federal Signal Co. has a twelve month low of $52.28 and a twelve month high of $88.47. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.82 and a quick ratio of 1.29. The firm has a 50 day simple moving average of $83.09 and a two-hundred day simple moving average of $77.12.

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

Federal Signal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.55%. Federal Signal’s payout ratio is presently 16.22%.

Federal Signal Company 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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