Los Angeles Capital Management LLC Invests $1.84 Million in Federal Signal Co. (NYSE:FSS)

Los Angeles Capital Management LLC bought a new stake in Federal Signal Co. (NYSE:FSS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,982 shares of the conglomerate’s stock, valued at approximately $1,840,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Invesco Ltd. boosted its holdings in shares of Federal Signal by 156.3% during the 3rd quarter. Invesco Ltd. now owns 945,571 shares of the conglomerate’s stock worth $56,479,000 after buying an additional 576,643 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in Federal Signal by 52.4% in the third quarter. Conestoga Capital Advisors LLC now owns 1,318,407 shares of the conglomerate’s stock valued at $78,748,000 after purchasing an additional 453,342 shares in the last quarter. Van Berkom & Associates Inc. boosted its position in shares of Federal Signal by 18.4% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,549,215 shares of the conglomerate’s stock worth $92,535,000 after purchasing an additional 241,282 shares in the last quarter. Vanguard Group Inc. increased its holdings in Federal Signal by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,618,609 shares of the conglomerate’s stock worth $395,330,000 after purchasing an additional 209,965 shares in the last quarter. Finally, Ranger Investment Management L.P. raised its stake in shares of Federal Signal by 101.4% in the third quarter. Ranger Investment Management L.P. now owns 222,702 shares of the conglomerate’s stock worth $13,302,000 after purchasing an additional 112,140 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Stock Up 2.0 %

Shares of NYSE:FSS opened at $85.88 on Wednesday. The business’s 50 day moving average is $82.35 and its 200 day moving average is $76.03. Federal Signal Co. has a 12-month low of $51.31 and a 12-month high of $88.47. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 29.01 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.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data 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 firm had revenue of $424.90 million for the quarter, compared to the consensus estimate of $425.58 million. During the same period in the previous year, the firm earned $0.46 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, sell-side analysts forecast that Federal Signal Co. will post 3.07 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders 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 annualized dividend and a dividend yield of 0.56%. Federal Signal’s dividend payout ratio is currently 16.22%.

Federal Signal Profile

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.