GAMMA Investing LLC Makes New $38,000 Investment in Federal Signal Co. (NYSE:FSS)

GAMMA Investing LLC bought a new position in Federal Signal Co. (NYSE:FSS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 492 shares of the conglomerate’s stock, valued at approximately $38,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FSS. Fifth Third Bancorp lifted its position in Federal Signal by 155.7% during the third quarter. Fifth Third Bancorp now owns 583 shares of the conglomerate’s stock valued at $35,000 after buying an additional 355 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in Federal Signal during the third quarter worth about $78,000. Anchor Investment Management LLC purchased a new stake in Federal Signal in the fourth quarter worth about $146,000. International Assets Investment Management LLC bought a new position in shares of Federal Signal during the fourth quarter valued at approximately $153,000. Finally, Signet Investment Advisory Group Inc. purchased a new position in shares of Federal Signal during the fourth quarter valued at approximately $211,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Performance

Federal Signal stock opened at $81.99 on Friday. The stock’s 50 day moving average is $82.28 and its 200 day moving average is $75.53. The company has a market capitalization of $5.01 billion, a P/E ratio of 27.70 and a beta of 1.02. Federal Signal Co. has a twelve month low of $50.71 and a twelve month high of $88.47. The company has a quick ratio of 1.36, a current ratio of 2.82 and a debt-to-equity ratio of 0.26.

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, beating the consensus estimate of $0.55 by $0.09. The firm had revenue of $424.90 million during the quarter, compared to the consensus estimate of $425.58 million. Federal Signal had a return on equity of 17.36% and a net margin of 10.31%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share. On average, equities research analysts predict that Federal Signal Co. will post 3.07 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 0.59%. Federal Signal’s dividend 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.