Parallel Advisors LLC purchased a new stake in Federal Signal Co. (NYSE:FSS) in the 1st quarter, Holdings Channel reports. The firm purchased 1,600 shares of the conglomerate’s stock, valued at approximately $42,000.
A number of other institutional investors and hedge funds have also bought and sold shares of FSS. Stone Ridge Asset Management LLC lifted its holdings in shares of Federal Signal by 49.3% in the fourth quarter. Stone Ridge Asset Management LLC now owns 40,175 shares of the conglomerate’s stock valued at $799,000 after buying an additional 13,260 shares during the period. Bank of New York Mellon Corp raised its position in Federal Signal by 4.5% during the third quarter. Bank of New York Mellon Corp now owns 846,360 shares of the conglomerate’s stock valued at $22,666,000 after buying an additional 36,575 shares during the period. Algert Global LLC raised its position in Federal Signal by 2.3% during the fourth quarter. Algert Global LLC now owns 137,673 shares of the conglomerate’s stock valued at $2,740,000 after buying an additional 3,044 shares during the period. Millennium Management LLC raised its position in Federal Signal by 2.2% during the fourth quarter. Millennium Management LLC now owns 458,558 shares of the conglomerate’s stock valued at $9,125,000 after buying an additional 9,883 shares during the period. Finally, Signet Investment Advisory Group Inc. acquired a new position in Federal Signal during the fourth quarter valued at $89,000. Institutional investors own 89.37% of the company’s stock.
In related news, Director Dennis J. Martin sold 60,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $24.87, for a total transaction of $1,492,200.00. Following the completion of the sale, the director now owns 250,080 shares in the company, valued at approximately $6,219,489.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.00% of the stock is owned by corporate insiders.
FSS opened at $25.42 on Thursday. The stock has a market cap of $1.53 billion, a PE ratio of 17.78 and a beta of 1.46. Federal Signal Co. has a 52-week low of $18.59 and a 52-week high of $29.00. The company has a quick ratio of 1.05, a current ratio of 2.08 and a debt-to-equity ratio of 0.43.
Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, May 2nd. The conglomerate reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. Federal Signal had a return on equity of 17.57% and a net margin of 8.85%. The company had revenue of $273.80 million during the quarter, compared to the consensus estimate of $264.40 million. During the same quarter in the prior year, the company posted $0.23 EPS. The firm’s revenue was up 9.7% on a year-over-year basis. On average, equities research analysts forecast that Federal Signal Co. will post 1.57 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.32 annualized dividend and a yield of 1.26%. Federal Signal’s payout ratio is 22.38%.
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Federal Signal Company Profile
Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.
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