Bahl & Gaynor Inc. Has $6.89 Million Stock Holdings in Federal Signal Co. (NYSE:FSS)

Bahl & Gaynor Inc. increased its holdings in shares of Federal Signal Co. (NYSE:FSS) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 89,833 shares of the conglomerate’s stock after purchasing an additional 1,064 shares during the period. Bahl & Gaynor Inc. owned 0.15% of Federal Signal worth $6,894,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FSS. GAMMA Investing LLC bought a new position in Federal Signal in the 4th quarter valued at about $38,000. Fifth Third Bancorp grew its holdings in Federal Signal by 155.7% in the 3rd quarter. Fifth Third Bancorp now owns 583 shares of the conglomerate’s stock valued at $35,000 after buying an additional 355 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Federal Signal during the third quarter worth $78,000. Anchor Investment Management LLC bought a new stake in shares of Federal Signal in the fourth quarter valued at about $146,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Federal Signal in the fourth quarter valued at about $153,000. 92.73% of the stock is owned by institutional investors.

Federal Signal Stock Performance

Federal Signal stock traded up $0.83 during midday trading on Friday, hitting $83.93. The company’s stock had a trading volume of 307,535 shares, compared to its average volume of 345,557. The company has a 50-day moving average price of $82.14 and a two-hundred day moving average price of $74.71. Federal Signal Co. has a 1-year low of $49.84 and a 1-year high of $88.47. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 32.66 and a beta of 1.03. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.91 and a quick ratio of 1.36.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Tuesday, February 27th. The conglomerate reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. The business had revenue of $448.40 million for the quarter, compared to the consensus estimate of $422.45 million. Federal Signal had a return on equity of 16.88% and a net margin of 9.14%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 earnings per share. As a group, sell-side analysts predict that Federal Signal Co. will post 2.99 earnings per share for the current year.

Federal Signal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 0.57%. Federal Signal’s dividend payout ratio (DPR) is presently 18.68%.

Federal Signal 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.