Allspring Global Investments Holdings LLC reduced its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 19.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,252 shares of the conglomerate's stock after selling 21,327 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.14% of Federal Signal worth $6,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Federal Signal by 0.4% in the first 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 period. Vanguard Group Inc. increased its holdings in shares of Federal Signal by 3.3% in the third quarter. Vanguard Group Inc. now owns 6,618,609 shares of the conglomerate's stock valued at $395,330,000 after purchasing an additional 209,965 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Federal Signal by 5.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 2,799,397 shares of the conglomerate's stock valued at $99,659,000 after purchasing an additional 148,657 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Federal Signal by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,784,527 shares of the conglomerate's stock valued at $93,979,000 after purchasing an additional 27,052 shares during the period. Finally, Macquarie Group Ltd. increased its holdings in shares of Federal Signal by 12.2% in the first quarter. Macquarie Group Ltd. now owns 2,582,443 shares of the conglomerate's stock valued at $139,994,000 after purchasing an additional 280,651 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.
Federal Signal Stock Performance
Shares of FSS stock traded down $0.66 during mid-day trading on Friday, reaching $80.86. The stock had a trading volume of 366,672 shares, compared to its average volume of 350,539. The business's fifty day moving average is $81.74 and its 200-day moving average is $73.90. 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 market cap of $4.93 billion, a price-to-earnings ratio of 31.46 and a beta of 1.03. Federal Signal Co. has a 1-year low of $49.82 and a 1-year high of $88.47.
Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The conglomerate reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Federal Signal had a return on equity of 16.88% and a net margin of 9.14%. The business had revenue of $448.40 million for the quarter, compared to analyst estimates of $422.45 million. During the same period in the prior year, the company earned $0.57 earnings per share. The company's revenue was up 14.5% on a year-over-year basis. On average, research analysts forecast that Federal Signal Co. will post 2.99 earnings per share for the current year.
Federal Signal Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.12 dividend. This is an increase from Federal Signal's previous quarterly dividend of $0.10. 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 0.59%. Federal Signal's dividend payout ratio is presently 18.68%.
About Federal Signal
(
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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