Conestoga Capital Advisors LLC increased its position in Federal Signal Co. (NYSE:FSS - Free Report) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,350,214 shares of the conglomerate's stock after purchasing an additional 31,807 shares during the period. Federal Signal accounts for about 1.6% of Conestoga Capital Advisors LLC's holdings, making the stock its 24th biggest holding. Conestoga Capital Advisors LLC owned 2.22% of Federal Signal worth $103,615,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Federal Signal by 0.4% in the 1st quarter. BlackRock Inc. now owns 9,248,821 shares of the conglomerate's stock valued at $312,147,000 after purchasing an additional 40,965 shares during the last quarter. Vanguard Group Inc. raised its stake in Federal Signal by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,618,609 shares of the conglomerate's stock valued at $395,330,000 after acquiring an additional 209,965 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Federal Signal by 5.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,799,397 shares of the conglomerate's stock valued at $99,659,000 after acquiring an additional 148,657 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Federal Signal by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,784,527 shares of the conglomerate's stock valued at $93,979,000 after acquiring an additional 27,052 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in Federal Signal by 12.2% during the 1st quarter. Macquarie Group Ltd. now owns 2,582,443 shares of the conglomerate's stock valued at $139,994,000 after acquiring an additional 280,651 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.
Federal Signal Stock Performance
NYSE FSS traded down $0.77 on Wednesday, hitting $84.01. 408,397 shares of the company's stock were exchanged, compared to its average volume of 360,012. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.91 and a quick ratio of 1.36. The firm's 50-day moving average price is $80.98 and its two-hundred day moving average price is $72.79. Federal Signal Co. has a fifty-two week low of $49.82 and a fifty-two week high of $88.47. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 32.69 and a beta of 1.03.
Federal Signal (NYSE:FSS - Get Free Report) last released its earnings results on Tuesday, February 27th. The conglomerate reported $0.74 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $422.45 million. During the same quarter in the previous year, the firm posted $0.57 EPS. The firm's quarterly revenue was up 14.5% on a year-over-year basis. On average, research analysts expect that Federal Signal Co. will post 2.99 EPS for the current year.
Federal Signal Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.57%. This is a boost from Federal Signal's previous quarterly dividend of $0.10. Federal Signal's dividend payout ratio is currently 18.68%.
Federal Signal Company Profile
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Free Report)
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.
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