Bahl & Gaynor Inc. Raises Holdings in Federal Signal Co. (NYSE:FSS)

Bahl & Gaynor Inc. raised its stake in Federal Signal Co. (NYSE:FSS) by 1.2% in the fourth quarter, HoldingsChannel reports. The fund owned 89,833 shares of the conglomerate’s stock after purchasing an additional 1,064 shares during the period. Bahl & Gaynor Inc.’s holdings in Federal Signal were worth $6,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. 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 valued at $61,000 after buying an additional 210 shares in the last quarter. Arizona State Retirement System lifted its holdings in Federal Signal by 1.6% during the third quarter. Arizona State Retirement System now owns 17,336 shares of the conglomerate’s stock valued at $1,035,000 after purchasing an additional 271 shares in the last quarter. Cavalier Investments LLC grew its position in shares of Federal Signal by 3.7% in the third quarter. Cavalier Investments LLC now owns 8,758 shares of the conglomerate’s stock valued at $523,000 after purchasing an additional 315 shares during the period. Diversified Trust Co grew its position in shares of Federal Signal by 9.1% in the fourth quarter. Diversified Trust Co now owns 4,451 shares of the conglomerate’s stock valued at $342,000 after purchasing an additional 373 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Federal Signal by 11.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 4,266 shares of the conglomerate’s stock worth $255,000 after purchasing an additional 423 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Price Performance

Federal Signal stock traded up $0.83 during midday trading on Friday, reaching $83.93. The company had a trading volume of 307,535 shares, compared to its average volume of 345,557. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.91 and a quick ratio of 1.36. Federal Signal Co. has a 12-month low of $49.84 and a 12-month high of $88.47. The company has a market capitalization of $5.12 billion, a P/E ratio of 32.66 and a beta of 1.03. The firm’s fifty day simple moving average is $82.14 and its 200-day simple moving average is $74.71.

Federal Signal (NYSE:FSS) last announced its earnings results on Tuesday, February 27th. The conglomerate reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. Federal Signal had a return on equity of 16.88% and a net margin of 9.14%. The business had revenue of $448.40 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. As a group, equities analysts anticipate that Federal Signal Co. will post 2.99 EPS for the current year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.48 annualized dividend and a yield of 0.57%. Federal Signal’s dividend payout ratio (DPR) is presently 18.68%.

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.