Blair William & Co. IL Increases Holdings in Federal Signal Co. (NYSE:FSS)

Blair William & Co. IL lifted its position in Federal Signal Co. (NYSE:FSS) by 434.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,562 shares of the conglomerate’s stock after buying an additional 11,835 shares during the period. Blair William & Co. IL’s holdings in Federal Signal were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of FSS. Vanguard Group Inc. boosted its position in Federal Signal by 1.6% in the first quarter. Vanguard Group Inc. now owns 6,786,204 shares of the conglomerate’s stock worth $575,945,000 after purchasing an additional 106,899 shares during the last quarter. Norges Bank bought a new position in shares of Federal Signal in the 4th quarter worth approximately $52,130,000. Global Alpha Capital Management Ltd. boosted its holdings in shares of Federal Signal by 13.0% in the first quarter. Global Alpha Capital Management Ltd. now owns 616,913 shares of the conglomerate’s stock worth $52,357,000 after buying an additional 71,200 shares during the last quarter. Putnam Investments LLC boosted its holdings in shares of Federal Signal by 3.2% in the fourth quarter. Putnam Investments LLC now owns 524,962 shares of the conglomerate’s stock worth $40,286,000 after buying an additional 16,049 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Federal Signal by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 524,869 shares of the conglomerate’s stock valued at $43,916,000 after buying an additional 11,685 shares during the period. Institutional investors own 92.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Federal Signal

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 57,417 shares of the company’s stock, valued at $5,339,206.83. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.10% of the stock is owned by corporate insiders.

Federal Signal Stock Performance

NYSE:FSS opened at $92.91 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.35 and a current ratio of 2.89. The stock has a 50-day simple moving average of $92.28 and a two-hundred day simple moving average of $87.29. The firm has a market capitalization of $5.68 billion, a PE ratio of 31.39 and a beta of 0.94. Federal Signal Co. has a 52-week low of $57.05 and a 52-week high of $102.18.

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

Federal Signal Dividend Announcement

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