Federal Signal Co. (NYSE:FSS) Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Federal Signal Co. (NYSE:FSS) by 150.0% in the first quarter, HoldingsChannel reports. The firm owned 30,000 shares of the conglomerate’s stock after acquiring an additional 18,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Federal Signal were worth $2,546,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in Federal Signal during the fourth quarter worth approximately $38,000. Parallel Advisors LLC grew its holdings in shares of Federal Signal by 28.1% in the fourth quarter. Parallel Advisors LLC now owns 638 shares of the conglomerate’s stock valued at $49,000 after purchasing an additional 140 shares during the period. Fifth Third Bancorp increased its position in Federal Signal by 36.0% during the fourth quarter. Fifth Third Bancorp now owns 793 shares of the conglomerate’s stock worth $61,000 after purchasing an additional 210 shares during the last quarter. Covestor Ltd raised its position in shares of Federal Signal by 223.6% during the 1st quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock valued at $76,000 after buying an additional 617 shares during the period. Finally, Mather Group LLC. purchased a new stake in Federal Signal in the first quarter valued at $85,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Stock Performance

Shares of Federal Signal stock opened at $96.38 on Friday. The business has a 50-day simple moving average of $87.32 and a 200-day simple moving average of $83.02. The company has a market cap of $5.89 billion, a PE ratio of 32.56 and a beta of 0.95. Federal Signal Co. has a one year low of $56.37 and a one year high of $99.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 2.82.

Federal Signal (NYSE:FSS) last announced 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 17.36% and a net margin of 10.31%. The company had revenue of $490.40 million during the quarter, compared to the consensus estimate of $487.74 million. During the same period in the previous year, the business earned $0.67 EPS. Federal Signal’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities research analysts forecast that Federal Signal Co. will post 3.08 EPS for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.50%. Federal Signal’s payout ratio is 16.22%.

Analyst Ratings Changes

Separately, William Blair initiated coverage on Federal Signal in a research note on Friday, May 31st. They set an “outperform” rating on the stock.

About Federal Signal

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.