4,620 Shares in Federal Signal Co. (NYSE:FSS) Acquired by Blue Trust Inc.

Blue Trust Inc. bought a new stake in shares of Federal Signal Co. (NYSE:FSS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,620 shares of the conglomerate’s stock, valued at approximately $392,000.

Several other institutional investors have also added to or reduced their stakes in the business. AlphaMark Advisors LLC purchased a new stake in Federal Signal during the 2nd quarter valued at $320,000. Oak Ridge Investments LLC boosted its stake in shares of Federal Signal by 53.4% in the 2nd quarter. Oak Ridge Investments LLC now owns 39,673 shares of the conglomerate’s stock worth $3,319,000 after buying an additional 13,810 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Federal Signal by 4.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,996 shares of the conglomerate’s stock worth $251,000 after buying an additional 130 shares during the last quarter. PineStone Asset Management Inc. purchased a new position in shares of Federal Signal in the 2nd quarter worth $11,982,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Federal Signal by 2.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,339 shares of the conglomerate’s stock worth $530,000 after buying an additional 180 shares during the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Federal Signal Price Performance

NYSE:FSS traded down $0.51 on Friday, reaching $95.18. 218,627 shares of the company’s stock traded hands, compared to its average volume of 340,819. 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 50-day simple moving average of $89.92 and a 200-day simple moving average of $85.29. The firm has a market cap of $5.82 billion, a PE ratio of 32.16 and a beta of 0.95. Federal Signal Co. has a 12 month low of $56.37 and a 12 month high of $102.18.

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

Federal Signal Announces Dividend

The company 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 dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.50%. Federal Signal’s payout ratio is 16.22%.

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.