Spire Wealth Management Purchases New Shares in Federal Signal Co. (NYSE:FSS)

Spire Wealth Management purchased a new position in Federal Signal Co. (NYSE:FSS) during the fourth quarter, Holdings Channel.com reports. The firm purchased 11,063 shares of the conglomerate’s stock, valued at approximately $821,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FSS. Fifth Third Bancorp increased its position in shares of Federal Signal by 155.7% in the third quarter. Fifth Third Bancorp now owns 583 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 355 shares in the last quarter. GAMMA Investing LLC purchased a new position in Federal Signal during the 4th quarter worth approximately $38,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Federal Signal during the 3rd quarter valued at $78,000. Anchor Investment Management LLC purchased a new stake in shares of Federal Signal in the fourth quarter valued at $146,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Federal Signal in the fourth quarter worth $153,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Stock Performance

Shares of FSS stock opened at $85.39 on Thursday. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 28.85 and a beta of 1.02. Federal Signal Co. has a 1-year low of $51.31 and a 1-year high of $88.47. The company has a current ratio of 2.82, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. The stock’s fifty day simple moving average is $82.42 and its 200-day simple moving average is $76.09.

Federal Signal (NYSE:FSS) last released its earnings results on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.09. The company had revenue of $424.90 million for 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 business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS. On average, sell-side analysts predict that Federal Signal Co. will post 3.07 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a $0.12 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.48 annualized dividend and a yield of 0.56%. Federal Signal’s dividend payout ratio is presently 16.22%.

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.