GAMMA Investing LLC Buys 170 Shares of Federal Signal Co. (NYSE:FSS)

GAMMA Investing LLC grew its position in Federal Signal Co. (NYSE:FSS) by 34.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 662 shares of the conglomerate’s stock after purchasing an additional 170 shares during the quarter. GAMMA Investing LLC’s holdings in Federal Signal were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of FSS. Parallel Advisors LLC grew its stake in Federal Signal by 28.1% during the fourth quarter. Parallel Advisors LLC now owns 638 shares of the conglomerate’s stock valued at $49,000 after acquiring an additional 140 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Federal Signal by 36.0% during the 4th quarter. Fifth Third Bancorp now owns 793 shares of the conglomerate’s stock valued at $61,000 after acquiring an additional 210 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Federal Signal by 3.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,853 shares of the conglomerate’s stock valued at $526,000 after purchasing an additional 244 shares in the last quarter. Diversified Trust Co increased its position in Federal Signal by 9.1% in the fourth quarter. Diversified Trust Co now owns 4,451 shares of the conglomerate’s stock worth $342,000 after purchasing an additional 373 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in Federal Signal by 11.0% during the third 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. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Stock Performance

NYSE FSS opened at $85.37 on Tuesday. The business’s 50 day moving average price is $85.14 and its 200-day moving average price is $80.98. Federal Signal Co. has a fifty-two week low of $56.37 and a fifty-two week high of $92.90. The company has a market cap of $5.22 billion, a P/E ratio of 28.84 and a beta of 0.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 2.82.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share for the quarter, beating 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 analysts’ expectations of $425.58 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. Sell-side analysts predict that Federal Signal Co. will post 3.08 earnings per share for the current year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. Federal Signal’s dividend payout ratio (DPR) is presently 16.22%.

Wall Street Analysts Forecast Growth

Separately, William Blair started coverage on shares of Federal Signal in a report on Friday, May 31st. They issued an “outperform” rating on the stock.

Federal Signal Company 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.