Evergreen Capital Management LLC Has $343,000 Holdings in Federal Signal Co. (NYSE:FSS)

Evergreen Capital Management LLC raised its holdings in Federal Signal Co. (NYSE:FSS) by 9.3% in the second quarter, Holdings Channel reports. The fund owned 4,098 shares of the conglomerate’s stock after acquiring an additional 348 shares during the period. Evergreen Capital Management LLC’s holdings in Federal Signal were worth $343,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Public Sector Pension Investment Board grew its position in shares of Federal Signal by 7.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 134,431 shares of the conglomerate’s stock valued at $11,248,000 after purchasing an additional 9,542 shares during the period. Ensign Peak Advisors Inc lifted its stake in Federal Signal by 31.0% in the second quarter. Ensign Peak Advisors Inc now owns 30,063 shares of the conglomerate’s stock valued at $2,515,000 after buying an additional 7,115 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Federal Signal in the second quarter valued at approximately $84,000. Intech Investment Management LLC bought a new stake in shares of Federal Signal during the second quarter worth $1,908,000. Finally, Hsbc Holdings PLC raised its holdings in shares of Federal Signal by 38.0% during the second quarter. Hsbc Holdings PLC now owns 14,276 shares of the conglomerate’s stock worth $1,203,000 after acquiring an additional 3,931 shares during the period. 92.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the completion of the sale, the director now owns 57,417 shares of the company’s stock, valued at approximately $5,339,206.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, William Blair initiated coverage on shares of Federal Signal in a research note on Friday, May 31st. They issued an “outperform” rating for the company.

Federal Signal Price Performance

Shares of FSS opened at $92.80 on Friday. The company has a 50 day moving average of $92.25 and a 200-day moving average of $87.33. The company has a quick ratio of 1.35, a current ratio of 2.89 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $5.67 billion, a P/E ratio of 31.35 and a beta of 0.94. Federal Signal Co. has a twelve month low of $57.05 and a twelve month high of $102.18.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.11. The firm had revenue of $490.40 million for the quarter, compared to analyst estimates of $487.74 million. Federal Signal had a net margin of 11.16% and a return on equity of 18.31%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. As a group, equities research analysts forecast that Federal Signal Co. will post 3.24 EPS for the current fiscal year.

Federal Signal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, August 16th. Federal Signal’s dividend payout ratio 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.