First Trust Advisors LP reduced its holdings in Federal Signal Co. (NYSE:FSS) by 44.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,805 shares of the conglomerate’s stock after selling 144,145 shares during the quarter. First Trust Advisors LP’s holdings in Federal Signal were worth $4,647,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FSS. Stone Ridge Asset Management LLC boosted its stake in Federal Signal by 49.3% in the fourth quarter. Stone Ridge Asset Management LLC now owns 40,175 shares of the conglomerate’s stock valued at $799,000 after acquiring an additional 13,260 shares during the last quarter. Millennium Management LLC raised its position in shares of Federal Signal by 2.2% in the fourth quarter. Millennium Management LLC now owns 458,558 shares of the conglomerate’s stock valued at $9,125,000 after purchasing an additional 9,883 shares during the period. Ramsey Quantitative Systems bought a new stake in shares of Federal Signal in the fourth quarter valued at approximately $79,000. BlackRock Inc. raised its position in shares of Federal Signal by 2.3% in the fourth quarter. BlackRock Inc. now owns 8,706,981 shares of the conglomerate’s stock valued at $173,269,000 after purchasing an additional 197,538 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Federal Signal by 0.7% in the fourth quarter. Legal & General Group Plc now owns 143,623 shares of the conglomerate’s stock valued at $2,846,000 after purchasing an additional 1,035 shares during the period. 89.12% of the stock is currently owned by institutional investors and hedge funds.

NYSE FSS opened at $25.40 on Wednesday. Federal Signal Co. has a 12-month low of $18.59 and a 12-month high of $29.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.05 and a current ratio of 2.08. The company has a market capitalization of $1.54 billion, a PE ratio of 17.76 and a beta of 1.57.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, May 2nd. The conglomerate reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The company had revenue of $273.80 million for the quarter, compared to analyst estimates of $264.40 million. Federal Signal had a net margin of 8.85% and a return on equity of 17.57%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Research analysts predict that Federal Signal Co. will post 1.57 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Tuesday, May 14th. Federal Signal’s dividend payout ratio (DPR) is presently 22.38%.

Several research firms have recently issued reports on FSS. ValuEngine lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. Zacks Investment Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research report on Monday, March 4th.

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Federal Signal Company Profile

Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.

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

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