Dimensional Fund Advisors LP Has $83.19 Million Position in Federal Signal Co. (FSS)

Dimensional Fund Advisors LP lowered its holdings in Federal Signal Co. (NYSE:FSS) by 4.1% in the fourth quarter, HoldingsChannel reports. The firm owned 4,180,350 shares of the conglomerate’s stock after selling 180,678 shares during the quarter. Dimensional Fund Advisors LP owned about 0.07% of Federal Signal worth $83,189,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ramsey Quantitative Systems bought a new position in shares of Federal Signal in the 4th quarter valued at about $79,000. Signet Investment Advisory Group Inc. bought a new position in shares of Federal Signal in the 4th quarter valued at about $89,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Federal Signal by 56.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,552 shares of the conglomerate’s stock valued at $91,000 after acquiring an additional 1,636 shares during the period. First Quadrant L P CA bought a new position in shares of Federal Signal in the 4th quarter valued at about $145,000. Finally, TD Asset Management Inc. bought a new position in shares of Federal Signal in the 4th quarter valued at about $201,000. 89.37% of the stock is owned by institutional investors.

Shares of FSS opened at $24.75 on Monday. Federal Signal Co. has a one year low of $18.59 and a one year high of $29.00. The stock has a market capitalization of $1.49 billion, a PE ratio of 17.31 and a beta of 1.46. The company has a quick ratio of 1.05, a current ratio of 2.08 and a debt-to-equity ratio of 0.43.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Thursday, May 2nd. The conglomerate reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Federal Signal had a net margin of 8.85% and a return on equity of 17.57%. The company had revenue of $273.80 million during the quarter, compared to the consensus estimate of $264.40 million. During the same quarter last year, the firm posted $0.23 EPS. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, research analysts forecast that Federal Signal Co. will post 1.57 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Tuesday, May 14th. Federal Signal’s dividend payout ratio is presently 22.38%.

A number of research analysts have recently commented on FSS shares. Zacks Investment Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a research report on Monday, March 4th. ValuEngine raised shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th.

In other news, Director Dennis J. Martin sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $24.87, for a total transaction of $1,492,200.00. Following the completion of the sale, the director now owns 250,080 shares in the company, valued at approximately $6,219,489.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 4.00% of the company’s stock.

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Federal Signal Profile

Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.

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Institutional Ownership by Quarter for Federal Signal (NYSE:FSS)

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