Vaughan Nelson Investment Management L.P. Acquires 13,680 Shares of Federal Signal Co. (NYSE:FSS)

Vaughan Nelson Investment Management L.P. increased its position in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 338,073 shares of the conglomerate's stock after purchasing an additional 13,680 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.55% of Federal Signal worth $25,944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in FSS. Invesco Ltd. lifted its holdings in Federal Signal by 156.3% during the 3rd quarter. Invesco Ltd. now owns 945,571 shares of the conglomerate's stock worth $56,479,000 after purchasing an additional 576,643 shares during the last quarter. Norges Bank acquired a new stake in Federal Signal during the 4th quarter worth approximately $25,846,000. Conestoga Capital Advisors LLC lifted its holdings in Federal Signal by 52.4% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,318,407 shares of the conglomerate's stock worth $78,748,000 after purchasing an additional 453,342 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in Federal Signal by 12.2% during the 1st quarter. Macquarie Group Ltd. now owns 2,582,443 shares of the conglomerate's stock worth $139,994,000 after purchasing an additional 280,651 shares during the last quarter. Finally, Van Berkom & Associates Inc. raised its holdings in Federal Signal by 18.4% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,549,215 shares of the conglomerate's stock valued at $92,535,000 after acquiring an additional 241,282 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Price Performance

NYSE FSS traded up $1.15 during midday trading on Friday, hitting $86.54. The company had a trading volume of 337,729 shares, compared to its average volume of 370,242. The company has a market capitalization of $5.28 billion, a PE ratio of 33.67 and a beta of 1.03. The company has a current ratio of 2.91, a quick ratio of 1.36 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $80.72 and a 200-day moving average price of $72.42. Federal Signal Co. has a twelve month low of $49.82 and a twelve month high of $88.47.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The conglomerate reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. Federal Signal had a return on equity of 16.88% and a net margin of 9.14%. The company had revenue of $448.40 million for the quarter, compared to analyst estimates of $422.45 million. During the same quarter last year, the company posted $0.57 EPS. The company's revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, analysts anticipate that Federal Signal Co. will post 2.99 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. This is a positive change from Federal Signal's previous quarterly dividend of $0.10. Federal Signal's payout ratio is currently 18.68%.

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.