Mirae Asset Global Investments Co. Ltd. Raises Position in Federal Signal Co. (NYSE:FSS)

Mirae Asset Global Investments Co. Ltd. increased its holdings in Federal Signal Co. (NYSE:FSS) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,462 shares of the conglomerate’s stock after acquiring an additional 1,482 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Federal Signal were worth $2,107,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC acquired a new position in shares of Federal Signal in the third quarter worth about $1,807,000. SG Americas Securities LLC acquired a new position in shares of Federal Signal in the third quarter worth about $1,733,000. Janney Montgomery Scott LLC lifted its stake in shares of Federal Signal by 196.7% in the third quarter. Janney Montgomery Scott LLC now owns 9,383 shares of the conglomerate’s stock worth $560,000 after acquiring an additional 6,221 shares in the last quarter. EULAV Asset Management lifted its stake in shares of Federal Signal by 139.6% in the third quarter. EULAV Asset Management now owns 113,103 shares of the conglomerate’s stock worth $6,756,000 after acquiring an additional 65,903 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Federal Signal by 12.4% in the third quarter. Deutsche Bank AG now owns 32,584 shares of the conglomerate’s stock worth $1,946,000 after acquiring an additional 3,584 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Trading Down 0.8 %

NYSE:FSS opened at $80.86 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.36 and a current ratio of 2.91. Federal Signal Co. has a one year low of $49.82 and a one year high of $88.47. The business’s 50-day simple moving average is $81.74 and its 200 day simple moving average is $73.90. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 31.46 and a beta of 1.03.

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

Federal Signal Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Federal Signal’s previous quarterly dividend of $0.10. Federal Signal’s dividend payout ratio (DPR) is currently 18.68%.

About Federal Signal

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.