Quantbot Technologies LP Invests $1.54 Million in Federal Signal Co. (NYSE:FSS)

Quantbot Technologies LP acquired a new position in shares of Federal Signal Co. (NYSE:FSS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,113 shares of the conglomerate’s stock, valued at approximately $1,537,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Federal Signal during the 4th quarter worth about $38,000. Parallel Advisors LLC boosted its position in shares of Federal Signal by 28.1% during the 4th quarter. Parallel Advisors LLC now owns 638 shares of the conglomerate’s stock worth $49,000 after purchasing an additional 140 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Federal Signal by 36.0% during the 4th quarter. Fifth Third Bancorp now owns 793 shares of the conglomerate’s stock worth $61,000 after purchasing an additional 210 shares in the last quarter. Mather Group LLC. bought a new position in Federal Signal in the 1st quarter valued at about $85,000. Finally, Central Pacific Bank Trust Division bought a new position in Federal Signal in the 1st quarter valued at about $129,000. Institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Up 2.3 %

NYSE FSS traded up $2.00 during trading hours on Friday, hitting $90.74. The company’s stock had a trading volume of 364,997 shares, compared to its average volume of 256,849. Federal Signal Co. has a 52 week low of $56.37 and a 52 week high of $92.90. The company has a market capitalization of $5.54 billion, a PE ratio of 30.66 and a beta of 0.95. 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 company’s 50-day simple moving average is $85.72 and its two-hundred day simple moving average is $81.79.

Federal Signal (NYSE:FSS) last posted its earnings results on Tuesday, April 30th. The conglomerate reported $0.64 EPS for the quarter, topping the consensus estimate of $0.55 by $0.09. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. The firm had revenue of $424.90 million for the quarter, compared to analysts’ expectations of $425.58 million. During the same quarter last year, the firm earned $0.46 EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. Research analysts anticipate that Federal Signal Co. will post 3.08 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 0.53%. Federal Signal’s dividend payout ratio is currently 16.22%.

Analyst Upgrades and Downgrades

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

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.