Lisanti Capital Growth LLC Has $6.11 Million Position in Federal Signal Co. (NYSE:FSS)

Lisanti Capital Growth LLC increased its holdings in shares of Federal Signal Co. (NYSE:FSS) by 13.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 72,975 shares of the conglomerate’s stock after purchasing an additional 8,910 shares during the period. Federal Signal makes up 1.5% of Lisanti Capital Growth LLC’s holdings, making the stock its 18th biggest holding. Lisanti Capital Growth LLC’s holdings in Federal Signal were worth $6,106,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FSS. nVerses Capital LLC bought a new stake in shares of Federal Signal during the second quarter worth $251,000. Van ECK Associates Corp grew its stake in shares of Federal Signal by 22.7% in the second quarter. Van ECK Associates Corp now owns 26,616 shares of the conglomerate’s stock worth $2,227,000 after purchasing an additional 4,919 shares during the last quarter. Spire Wealth Management increased its stake in shares of Federal Signal by 6.8% in the second quarter. Spire Wealth Management now owns 11,403 shares of the conglomerate’s stock valued at $954,000 after buying an additional 723 shares during the period. F M Investments LLC bought a new position in Federal Signal during the 2nd quarter worth approximately $11,058,000. Finally, Panagora Asset Management Inc. raised its stake in Federal Signal by 14.5% during the second quarter. Panagora Asset Management Inc. now owns 271,463 shares of the conglomerate’s stock worth $22,713,000 after buying an additional 34,365 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Federal Signal Stock Up 0.9 %

NYSE:FSS traded up $0.84 on Friday, hitting $94.49. The stock had a trading volume of 400,061 shares, compared to its average volume of 327,303. The company has a market cap of $5.78 billion, a PE ratio of 31.92 and a beta of 0.95. Federal Signal Co. has a 52 week low of $56.37 and a 52 week high of $102.18. The business’s fifty day moving average is $91.62 and its 200 day moving average is $86.39. The company has a quick ratio of 1.35, a current ratio of 2.89 and a debt-to-equity ratio of 0.23.

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, beating the consensus estimate of $0.84 by $0.11. Federal Signal had a net margin of 11.16% and a return on equity of 18.31%. The business had revenue of $490.40 million during the quarter, compared to the consensus estimate of $487.74 million. During the same quarter last year, the firm posted $0.67 EPS. Federal Signal’s revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts expect that Federal Signal Co. will post 3.24 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Friday, August 16th. Federal Signal’s dividend payout ratio is currently 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.