Guidance Capital Inc. Makes New $486,000 Investment in Federal Signal Co. (NYSE:FSS)

Guidance Capital Inc. purchased a new position in Federal Signal Co. (NYSE:FSS) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 5,822 shares of the conglomerate’s stock, valued at approximately $486,000.

Several other hedge funds have also recently added to or reduced their stakes in FSS. Conestoga Capital Advisors LLC boosted its stake in Federal Signal by 2.4% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,350,214 shares of the conglomerate’s stock worth $103,615,000 after purchasing an additional 31,807 shares during the period. Yousif Capital Management LLC boosted its stake in Federal Signal by 2.3% in the 4th quarter. Yousif Capital Management LLC now owns 30,951 shares of the conglomerate’s stock worth $2,375,000 after purchasing an additional 688 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in Federal Signal by 4.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 338,073 shares of the conglomerate’s stock worth $25,944,000 after purchasing an additional 13,680 shares during the period. First Trust Advisors LP boosted its stake in Federal Signal by 23.2% in the 4th quarter. First Trust Advisors LP now owns 432,897 shares of the conglomerate’s stock worth $33,221,000 after purchasing an additional 81,622 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in 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. Institutional investors and hedge funds own 92.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, William Blair assumed coverage on shares of Federal Signal in a research note on Friday, May 31st. They issued an “outperform” rating for the company.

Federal Signal Stock Up 0.1 %

Shares of NYSE:FSS traded up $0.11 during trading on Friday, reaching $83.67. 811,812 shares of the company traded hands, compared to its average volume of 271,070. The firm has a fifty day simple moving average of $85.28 and a 200 day simple moving average of $81.22. The firm has a market cap of $5.11 billion, a P/E ratio of 28.27 and a beta of 0.99. Federal Signal Co. has a 1-year low of $56.37 and a 1-year high of $92.90. The company has a quick ratio of 1.29, a current ratio of 2.82 and a debt-to-equity ratio of 0.26.

Federal Signal (NYSE:FSS) last issued its earnings results on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.09. The company had revenue of $424.90 million during the quarter, compared to analyst estimates of $425.58 million. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. Analysts anticipate that Federal Signal Co. will post 3.08 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.57%. Federal Signal’s dividend payout ratio is currently 16.22%.

Federal Signal Company 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.