Duality Advisers LP Acquires Shares of 12,741 Federal Signal Co. (NYSE:FSS)

Duality Advisers LP acquired a new stake in Federal Signal Co. (NYSE:FSS) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,741 shares of the conglomerate’s stock, valued at approximately $1,081,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Comerica Bank lifted its holdings in Federal Signal by 144.8% in the 3rd quarter. Comerica Bank now owns 133,155 shares of the conglomerate’s stock valued at $7,953,000 after purchasing an additional 78,757 shares in the last quarter. Graham Capital Management L.P. purchased a new position in Federal Signal in the 3rd quarter valued at about $598,000. Vanguard Group Inc. lifted its holdings in shares of Federal Signal by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,618,609 shares of the conglomerate’s stock worth $395,330,000 after acquiring an additional 209,965 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Federal Signal by 6.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 63,361 shares of the conglomerate’s stock worth $3,785,000 after acquiring an additional 3,948 shares during the period. Finally, Anchor Investment Management LLC purchased a new position in shares of Federal Signal during the 4th quarter worth about $146,000. 92.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, William Blair started coverage on shares of Federal Signal in a research report on Friday, May 31st. They set an “outperform” rating for the company.

Federal Signal Stock Performance

Shares of FSS traded up $2.29 during trading hours on Friday, reaching $91.03. 206,270 shares of the company’s stock traded hands, compared to its average volume of 331,122. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 29.96 and a beta of 0.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.82 and a quick ratio of 1.29. Federal Signal Co. has a twelve month low of $56.37 and a twelve month high of $92.90. The business’s fifty day simple moving average is $85.55 and its two-hundred day simple moving average is $81.70.

Federal Signal (NYSE:FSS) last issued its quarterly 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. The firm had revenue of $424.90 million for the quarter, compared to analysts’ expectations of $425.58 million. Federal Signal had a return on equity of 17.36% and a net margin of 10.31%. Federal Signal’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. Analysts predict that Federal Signal Co. will post 3.08 earnings per share for the current year.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 0.53%. Federal Signal’s payout ratio 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.