Spire Wealth Management Purchases Shares of 11,063 Federal Signal Co. (NYSE:FSS)

Spire Wealth Management bought a new stake in Federal Signal Co. (NYSE:FSS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,063 shares of the conglomerate's stock, valued at approximately $821,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FSS. Fifth Third Bancorp grew its holdings in shares of Federal Signal by 155.7% during the 3rd quarter. Fifth Third Bancorp now owns 583 shares of the conglomerate's stock valued at $35,000 after purchasing an additional 355 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Federal Signal during the 4th quarter valued at approximately $38,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Federal Signal during the 3rd quarter valued at approximately $78,000. Anchor Investment Management LLC bought a new stake in shares of Federal Signal during the 4th quarter valued at approximately $146,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Federal Signal during the 4th quarter valued at approximately $153,000. Institutional investors own 92.73% of the company's stock.

Federal Signal Price Performance

Shares of Federal Signal stock traded up $1.84 during midday trading on Thursday, hitting $87.22. 267,002 shares of the company traded hands, compared to its average volume of 350,324. Federal Signal Co. has a 12 month low of $51.31 and a 12 month high of $88.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 2.82. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 29.46 and a beta of 1.02. The firm's fifty day moving average price is $82.52 and its 200-day moving average price is $76.17.

Federal Signal (NYSE:FSS - Get Free Report) last posted its earnings results on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.09. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. The firm had revenue of $424.90 million for the quarter, compared to analyst estimates of $425.58 million. During the same period in the previous year, the firm posted $0.46 EPS. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Federal Signal Co. will post 3.07 earnings per share for the current year.

Federal Signal Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, May 16th. Federal Signal's dividend payout ratio is currently 16.22%.

Federal Signal Company 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.