Virtu Financial LLC Takes Position in Federal Signal Co. (NYSE:FSS)

Virtu Financial LLC bought a new stake in Federal Signal Co. (NYSE:FSS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,558 shares of the conglomerate’s stock, valued at approximately $350,000.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new position in Federal Signal in the fourth quarter worth approximately $38,000. Parallel Advisors LLC increased its holdings in Federal Signal by 28.1% in the fourth quarter. Parallel Advisors LLC now owns 638 shares of the conglomerate’s stock worth $49,000 after buying an additional 140 shares during the last quarter. Fifth Third Bancorp increased its holdings in Federal Signal by 36.0% in the fourth quarter. Fifth Third Bancorp now owns 793 shares of the conglomerate’s stock worth $61,000 after buying an additional 210 shares during the last quarter. Anchor Investment Management LLC acquired a new position in Federal Signal in the fourth quarter worth approximately $146,000. Finally, International Assets Investment Management LLC acquired a new position in Federal Signal in the fourth quarter worth approximately $153,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Stock Down 0.1 %

Shares of Federal Signal stock opened at $85.01 on Thursday. The stock has a market capitalization of $5.19 billion, a P/E ratio of 28.72 and a beta of 0.99. The company has a quick ratio of 1.29, a current ratio of 2.82 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average price of $85.10 and a two-hundred day moving average price of $80.60. Federal Signal Co. has a 12-month low of $56.37 and a 12-month high of $92.90.

Federal Signal (NYSE:FSS) last announced its earnings results on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.09. The firm had revenue of $424.90 million during the quarter, compared to analysts’ expectations of $425.58 million. Federal Signal had a return on equity of 17.36% and a net margin of 10.31%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. Equities analysts expect that Federal Signal Co. will post 3.08 earnings per share for the current year.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were given a $0.12 dividend. 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 is 16.22%.

Analyst Upgrades and Downgrades

Separately, William Blair assumed coverage on 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.