Healthcare of Ontario Pension Plan Trust Fund Acquires 18,000 Shares of Federal Signal Co. (NYSE:FSS)

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Federal Signal Co. (NYSE:FSS) by 150.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,000 shares of the conglomerate’s stock after acquiring an additional 18,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Federal Signal were worth $2,546,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Federal Signal by 3.3% during the third quarter. Vanguard Group Inc. now owns 6,618,609 shares of the conglomerate’s stock worth $395,330,000 after purchasing an additional 209,965 shares during the period. Raymond James Trust N.A. acquired a new position in Federal Signal in the 4th quarter valued at $240,000. BLB&B Advisors LLC acquired a new position in Federal Signal in the 4th quarter valued at $213,000. Fifth Third Bancorp lifted its position in shares of Federal Signal by 36.0% during the 4th quarter. Fifth Third Bancorp now owns 793 shares of the conglomerate’s stock valued at $61,000 after acquiring an additional 210 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Federal Signal in the fourth quarter valued at about $153,000. 92.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, William Blair assumed coverage on shares of Federal Signal in a report on Friday, May 31st. They issued an “outperform” rating on the stock.

Federal Signal Stock Up 2.0 %

Shares of FSS opened at $96.38 on Friday. The firm has a 50 day simple moving average of $87.32 and a two-hundred day simple moving average of $83.02. The company has a market cap of $5.89 billion, a P/E ratio of 32.56 and a beta of 0.95. Federal Signal Co. has a one year low of $56.37 and a one year high of $99.98. 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 (NYSE:FSS) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.11. Federal Signal had a return on equity of 17.36% and a net margin of 10.31%. The business had revenue of $490.40 million during the quarter, compared to the consensus estimate of $487.74 million. During the same period in the prior year, the company earned $0.67 EPS. Federal Signal’s revenue for the quarter was up 10.8% on a year-over-year basis. Research analysts forecast that Federal Signal Co. will post 3.08 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Friday, August 16th. Federal Signal’s dividend payout ratio is 16.22%.

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.