New York State Common Retirement Fund Has $2.63 Million Stock Position in Federal Signal Co. (NYSE:FSS)

New York State Common Retirement Fund trimmed its stake in Federal Signal Co. (NYSE:FSS) by 2.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,236 shares of the conglomerate’s stock after selling 752 shares during the period. New York State Common Retirement Fund owned 0.06% of Federal Signal worth $2,627,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Federal Signal by 5.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,667 shares of the conglomerate’s stock valued at $1,049,000 after purchasing an additional 712 shares during the period. Strs Ohio raised its position in shares of Federal Signal by 39.0% in the fourth quarter. Strs Ohio now owns 5,700 shares of the conglomerate’s stock valued at $437,000 after purchasing an additional 1,600 shares during the period. Louisiana State Employees Retirement System bought a new position in shares of Federal Signal in the fourth quarter valued at approximately $2,341,000. Cerity Partners LLC bought a new position in shares of Federal Signal in the fourth quarter valued at approximately $313,000. Finally, Conestoga Capital Advisors LLC raised its position in shares of Federal Signal by 2.4% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,350,214 shares of the conglomerate’s stock valued at $103,615,000 after purchasing an additional 31,807 shares during the period. Institutional investors own 92.73% of the company’s stock.

Federal Signal Trading Up 2.8 %

NYSE:FSS opened at $84.29 on Tuesday. Federal Signal Co. has a 12 month low of $51.31 and a 12 month high of $88.47. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 28.48 and a beta of 1.02. The company has a quick ratio of 1.29, a current ratio of 2.82 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $82.32 and its 200-day moving average is $75.83.

Federal Signal (NYSE:FSS) last announced its earnings results on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.09. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. The business had revenue of $424.90 million for the quarter, compared to analyst estimates of $425.58 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Federal Signal’s revenue was up 10.2% compared to the same quarter last year. Equities analysts anticipate that Federal Signal Co. will post 3.07 EPS for the current year.

Federal Signal Dividend Announcement

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. This represents a $0.48 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Thursday, May 16th. Federal Signal’s dividend payout ratio (DPR) is currently 16.22%.

About Federal Signal

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.