Simplicity Solutions LLC Sells 2,530 Shares of Federal Signal Co. (NYSE:FSS)

Simplicity Solutions LLC decreased its holdings in shares of Federal Signal Co. (NYSE:FSS) by 35.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,583 shares of the conglomerate’s stock after selling 2,530 shares during the period. Simplicity Solutions LLC’s holdings in Federal Signal were worth $352,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FSS. American Century Companies Inc. increased its holdings in Federal Signal by 22.6% in the first quarter. American Century Companies Inc. now owns 9,851 shares of the conglomerate’s stock valued at $332,000 after purchasing an additional 1,819 shares during the last quarter. Citigroup Inc. grew its position in shares of Federal Signal by 5.8% during the 1st quarter. Citigroup Inc. now owns 68,055 shares of the conglomerate’s stock worth $2,297,000 after buying an additional 3,713 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Federal Signal by 9.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,216 shares of the conglomerate’s stock valued at $142,000 after acquiring an additional 376 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of Federal Signal by 56.6% in the 1st quarter. MetLife Investment Management LLC now owns 32,782 shares of the conglomerate’s stock valued at $1,106,000 after acquiring an additional 11,850 shares during the period. Finally, Rhumbline Advisers boosted its stake in Federal Signal by 17.8% during the 1st quarter. Rhumbline Advisers now owns 169,901 shares of the conglomerate’s stock worth $5,734,000 after acquiring an additional 25,702 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Down 0.8 %

Shares of NYSE:FSS opened at $80.86 on Friday. The company has a 50 day moving average price of $81.74 and a two-hundred day moving average price of $73.90. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.36 and a current ratio of 2.91. The company has a market capitalization of $4.93 billion, a PE ratio of 31.46 and a beta of 1.03. Federal Signal Co. has a 52 week low of $49.82 and a 52 week high of $88.47.

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

Federal Signal Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Federal Signal’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 0.59%. Federal Signal’s payout ratio is currently 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.