Louisiana State Employees Retirement System Takes Position in Federal Signal Co. (NYSE:FSS)

Louisiana State Employees Retirement System bought a new position in Federal Signal Co. (NYSE:FSS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 30,500 shares of the conglomerate's stock, valued at approximately $2,341,000. Louisiana State Employees Retirement System owned about 0.05% of Federal Signal as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FSS. Invesco Ltd. raised its stake in shares of Federal Signal by 156.3% in the third quarter. Invesco Ltd. now owns 945,571 shares of the conglomerate's stock valued at $56,479,000 after acquiring an additional 576,643 shares during the period. Norges Bank bought a new stake in Federal Signal in the fourth quarter worth about $25,846,000. Conestoga Capital Advisors LLC boosted its position in shares of Federal Signal by 52.4% during the third quarter. Conestoga Capital Advisors LLC now owns 1,318,407 shares of the conglomerate's stock valued at $78,748,000 after buying an additional 453,342 shares during the period. Macquarie Group Ltd. grew its stake in shares of Federal Signal by 12.2% during the first quarter. Macquarie Group Ltd. now owns 2,582,443 shares of the conglomerate's stock valued at $139,994,000 after buying an additional 280,651 shares during the last quarter. Finally, Van Berkom & Associates Inc. raised its holdings in shares of Federal Signal by 18.4% in the third quarter. Van Berkom & Associates Inc. now owns 1,549,215 shares of the conglomerate's stock worth $92,535,000 after buying an additional 241,282 shares during the period. Institutional investors own 92.73% of the company's stock.

Federal Signal Trading Down 0.7 %

Shares of FSS stock traded down $0.59 on Wednesday, reaching $82.64. 238,110 shares of the company's stock were exchanged, compared to its average volume of 350,785. The company's fifty day simple moving average is $81.62 and its 200 day simple moving average is $73.70. The stock has a market capitalization of $5.04 billion, a PE ratio of 32.16 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. Federal Signal Co. has a 52 week low of $49.82 and a 52 week high of $88.47.

Federal Signal (NYSE:FSS - Get Free Report) last issued its earnings results on Tuesday, February 27th. The conglomerate reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Federal Signal had a net margin of 9.14% and a return on equity of 16.88%. The firm had revenue of $448.40 million during the quarter, compared to analyst estimates of $422.45 million. During the same period in the previous year, the firm earned $0.57 earnings per share. The business's revenue was up 14.5% on a year-over-year basis. As a group, analysts forecast 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. This is a positive change from Federal Signal's previous quarterly dividend of $0.10. The ex-dividend date was Thursday, March 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.58%. Federal Signal's payout ratio is presently 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.