Federal Signal Co. (NYSE:FSS) Stock Holdings Lessened by Spire Wealth Management

Spire Wealth Management cut its stake in shares of Federal Signal Co. (NYSE:FSSFree Report) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,680 shares of the conglomerate’s stock after selling 383 shares during the quarter. Spire Wealth Management’s holdings in Federal Signal were worth $906,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FSS. Conestoga Capital Advisors LLC increased its stake in Federal Signal by 2.4% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,350,214 shares of the conglomerate’s stock worth $103,615,000 after purchasing an additional 31,807 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of Federal Signal by 2.3% during the fourth quarter. Yousif Capital Management LLC now owns 30,951 shares of the conglomerate’s stock valued at $2,375,000 after acquiring an additional 688 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in shares of Federal Signal by 4.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 338,073 shares of the conglomerate’s stock valued at $25,944,000 after acquiring an additional 13,680 shares in the last quarter. Lisanti Capital Growth LLC acquired a new position in Federal Signal in the 4th quarter worth approximately $3,592,000. Finally, Lazard Asset Management LLC acquired a new stake in Federal Signal during the 3rd quarter valued at $1,807,000. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Stock Up 1.3 %

Shares of FSS traded up $1.16 during mid-day trading on Monday, reaching $87.53. The company’s stock had a trading volume of 205,738 shares, compared to its average volume of 347,921. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 29.57 and a beta of 1.02. The business has a fifty day moving average of $83.31 and a 200 day moving average of $77.65. 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 Co. has a 1 year low of $52.39 and a 1 year high of $88.47.

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

Federal Signal Dividend Announcement

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

About Federal Signal

(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.

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

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