nVerses Capital LLC Buys Shares of 3,000 Federal Signal Co. (NYSE:FSS)

nVerses Capital LLC bought a new position in shares of Federal Signal Co. (NYSE:FSS) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 3,000 shares of the conglomerate’s stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FSS. GAMMA Investing LLC acquired a new position in Federal Signal during the fourth quarter valued at approximately $38,000. Parallel Advisors LLC grew its holdings in shares of Federal Signal by 28.1% in the 4th quarter. Parallel Advisors LLC now owns 638 shares of the conglomerate’s stock valued at $49,000 after buying an additional 140 shares during the period. Covestor Ltd increased its position in shares of Federal Signal by 223.6% in the 1st quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock valued at $76,000 after buying an additional 617 shares in the last quarter. Mather Group LLC. acquired a new stake in Federal Signal during the 1st quarter worth $85,000. Finally, Fifth Third Bancorp lifted its holdings in Federal Signal by 30.1% during the second quarter. Fifth Third Bancorp now owns 1,124 shares of the conglomerate’s stock worth $94,000 after acquiring an additional 260 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, William Blair initiated coverage on Federal Signal in a research report on Friday, May 31st. They set an “outperform” rating on the stock.

Federal Signal Stock Performance

Shares of FSS opened at $94.49 on Monday. The firm’s 50 day moving average price is $91.62 and its two-hundred day moving average price is $86.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.35 and a current ratio of 2.89. Federal Signal Co. has a twelve month low of $56.37 and a twelve month high of $102.18. The firm has a market cap of $5.77 billion, a P/E ratio of 31.92 and a beta of 0.95.

Federal Signal (NYSE:FSS) last announced its earnings results on Thursday, July 25th. The conglomerate reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11. The firm had revenue of $490.40 million during 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 for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 EPS. On average, analysts forecast that Federal Signal Co. will post 3.24 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, August 16th. This represents a $0.48 annualized dividend and a dividend yield of 0.51%. 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.