First Trust Direct Indexing L.P. Takes Position in Federal Signal Co. (NYSE:FSS)

First Trust Direct Indexing L.P. bought a new stake in Federal Signal Co. (NYSE:FSS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,644 shares of the conglomerate’s stock, valued at approximately $203,000.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Federal Signal by 3.3% during the third quarter. Vanguard Group Inc. now owns 6,618,609 shares of the conglomerate’s stock valued at $395,330,000 after buying an additional 209,965 shares during the last quarter. Van Berkom & Associates Inc. raised its stake in Federal Signal by 18.4% during the third quarter. Van Berkom & Associates Inc. now owns 1,549,215 shares of the conglomerate’s stock valued at $92,535,000 after buying an additional 241,282 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in Federal Signal by 2.4% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,350,214 shares of the conglomerate’s stock valued at $103,615,000 after buying an additional 31,807 shares during the last quarter. Invesco Ltd. raised its stake in Federal Signal by 156.3% during the third quarter. Invesco Ltd. now owns 945,571 shares of the conglomerate’s stock valued at $56,479,000 after buying an additional 576,643 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Federal Signal by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 640,265 shares of the conglomerate’s stock valued at $38,243,000 after buying an additional 8,554 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Down 0.6 %

Shares of NYSE:FSS opened at $85.39 on Thursday. Federal Signal Co. has a 12-month low of $51.31 and a 12-month high of $88.47. The stock has a fifty day simple moving average of $82.42 and a two-hundred day simple moving average of $76.09. 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 stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 28.85 and a beta of 1.02.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.09. Federal Signal had a return on equity of 17.36% and a net margin of 10.31%. The firm had revenue of $424.90 million during the quarter, compared to analysts’ expectations of $425.58 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. On average, research analysts anticipate that Federal Signal Co. will post 3.07 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Thursday, May 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.