GW&K Investment Management LLC Sells 30,080 Shares of Federal Signal Co. (NYSE:FSS)

GW&K Investment Management LLC trimmed its position in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 777,274 shares of the conglomerate's stock after selling 30,080 shares during the period. GW&K Investment Management LLC owned 1.28% of Federal Signal worth $59,648,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its position in shares of Federal Signal by 155.7% during the third quarter. Fifth Third Bancorp now owns 583 shares of the conglomerate's stock worth $35,000 after buying an additional 355 shares during the period. GAMMA Investing LLC acquired a new position in Federal Signal during the 4th quarter worth $38,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Federal Signal in the third quarter worth $78,000. Anchor Investment Management LLC acquired a new position in shares of Federal Signal during the fourth quarter valued at $146,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Federal Signal during the fourth quarter valued at $153,000. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Price Performance

FSS stock traded up $1.16 during trading on Monday, hitting $87.53. The company had a trading volume of 205,738 shares, compared to its average volume of 347,921. The business has a 50 day moving average of $83.31 and a 200 day moving average of $77.65. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 29.57 and a beta of 1.02. The company has a current ratio of 2.82, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. Federal Signal Co. has a fifty-two week low of $52.39 and a fifty-two week high of $88.47.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The conglomerate reported $0.64 EPS 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 company had revenue of $424.90 million for the quarter, compared to the consensus estimate of $425.58 million. During the same period in the previous year, the firm earned $0.46 EPS. Federal Signal's revenue was up 10.2% on a year-over-year basis. As a group, research analysts predict that Federal Signal Co. will post 3.07 earnings per share for the current year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Thursday, May 16th. Federal Signal's dividend payout ratio (DPR) is presently 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.