Morse Asset Management Inc Acquires New Shares in Federal Signal Co. (NYSE:FSS)

Morse Asset Management Inc acquired a new stake in shares of Federal Signal Co. (NYSE:FSS) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 7,695 shares of the conglomerate’s stock, valued at approximately $653,000.

Several other hedge funds also recently modified their holdings of the company. BLB&B Advisors LLC acquired a new position in Federal Signal during the 4th quarter worth about $213,000. Fifth Third Bancorp lifted its holdings in Federal Signal by 36.0% during the 4th quarter. Fifth Third Bancorp now owns 793 shares of the conglomerate’s stock worth $61,000 after buying an additional 210 shares during the period. International Assets Investment Management LLC acquired a new position in Federal Signal during the 4th quarter worth about $153,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Federal Signal by 5.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,462 shares of the conglomerate’s stock worth $2,107,000 after buying an additional 1,482 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in Federal Signal by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 338,073 shares of the conglomerate’s stock worth $25,944,000 after buying an additional 13,680 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Ratings Changes

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

Federal Signal Trading Up 3.0 %

Shares of FSS stock traded up $2.92 during mid-day trading on Friday, hitting $99.30. The company’s stock had a trading volume of 482,709 shares, compared to its average volume of 360,138. The company’s fifty day simple moving average is $87.58 and its 200-day simple moving average is $83.35. Federal Signal Co. has a 52 week low of $56.37 and a 52 week high of $100.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.29 and a current ratio of 2.89. The company has a market cap of $6.07 billion, a PE ratio of 33.55 and a beta of 0.95.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.11. Federal Signal had a return on equity of 18.31% and a net margin of 11.16%. The firm had revenue of $490.40 million during the quarter, compared to analyst estimates of $487.74 million. During the same period last year, the company posted $0.67 EPS. The business’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, equities research analysts expect that Federal Signal Co. will post 3.3 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Friday, August 16th. Federal Signal’s dividend payout ratio (DPR) is presently 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.