Bahl & Gaynor Inc. Acquires 3,621 Shares of Federal Signal Co. (NYSE:FSS)

Bahl & Gaynor Inc. raised its stake in shares of Federal Signal Co. (NYSE:FSS) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 94,052 shares of the conglomerate’s stock after purchasing an additional 3,621 shares during the period. Bahl & Gaynor Inc. owned 0.15% of Federal Signal worth $7,869,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Federal Signal by 150.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 30,000 shares of the conglomerate’s stock valued at $2,546,000 after buying an additional 18,000 shares during the period. UniSuper Management Pty Ltd acquired a new stake in Federal Signal during the 1st quarter valued at approximately $919,000. Susquehanna Fundamental Investments LLC bought a new position in Federal Signal during the 1st quarter worth approximately $917,000. Goldman Sachs Group Inc. lifted its position in shares of Federal Signal by 8.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 414,474 shares of the conglomerate’s stock worth $31,807,000 after purchasing an additional 32,227 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Federal Signal by 23.2% in the 4th quarter. First Trust Advisors LP now owns 432,897 shares of the conglomerate’s stock valued at $33,221,000 after purchasing an additional 81,622 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Brenda Reichelderfer sold 25,685 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 57,417 shares of the company’s stock, valued at approximately $5,339,206.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Federal Signal Stock Up 2.1 %

Shares of Federal Signal stock opened at $84.65 on Thursday. The stock’s 50-day moving average is $92.01 and its 200 day moving average is $86.72. Federal Signal Co. has a one year low of $56.48 and a one year high of $102.18. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 28.60 and a beta of 0.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 1.35.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $0.95 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $490.40 million for the quarter, compared to analysts’ expectations of $487.74 million. During the same period in the prior year, the business earned $0.67 EPS. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities research analysts anticipate that Federal Signal Co. will post 3.24 EPS for the current year.

Federal Signal Dividend Announcement

The business 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 was Friday, August 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.57%. Federal Signal’s dividend payout ratio (DPR) 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.