Pembroke Management LTD Has $17.56 Million Holdings in Federal Signal Co. (NYSE:FSS)

Pembroke Management LTD boosted its holdings in shares of Federal Signal Co. (NYSE:FSS) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 209,849 shares of the conglomerate’s stock after buying an additional 10,313 shares during the quarter. Federal Signal makes up approximately 2.4% of Pembroke Management LTD’s investment portfolio, making the stock its 18th largest position. Pembroke Management LTD owned approximately 0.34% of Federal Signal worth $17,558,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in Federal Signal during the fourth quarter worth approximately $38,000. Parallel Advisors LLC boosted its holdings in shares of Federal Signal by 28.1% during the fourth quarter. Parallel Advisors LLC now owns 638 shares of the conglomerate’s stock worth $49,000 after acquiring an additional 140 shares during the period. Covestor Ltd boosted its holdings in shares of Federal Signal by 223.6% during the first quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock worth $76,000 after acquiring an additional 617 shares during the period. Mather Group LLC. bought a new stake in shares of Federal Signal during the first quarter worth approximately $85,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Federal Signal by 30.1% during the second quarter. Fifth Third Bancorp now owns 1,124 shares of the conglomerate’s stock worth $94,000 after acquiring an additional 260 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Stock Performance

Shares of NYSE:FSS traded up $0.84 during trading on Monday, reaching $94.49. 400,000 shares of the stock were exchanged, compared to its average volume of 341,137. The company has a current ratio of 2.89, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23. The firm has a market cap of $5.78 billion, a PE ratio of 31.92 and a beta of 0.94. The stock has a 50-day moving average price of $91.62 and a 200-day moving average price of $86.45. Federal Signal Co. has a 12 month low of $56.37 and a 12 month high of $102.18.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.11. The business had revenue of $490.40 million during the quarter, compared to analysts’ expectations of $487.74 million. Federal Signal had a return on equity of 18.31% and a net margin of 11.16%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 earnings per share. Research analysts expect that Federal Signal Co. will post 3.24 EPS for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Friday, August 16th. Federal Signal’s payout ratio is presently 16.22%.

Analysts Set New Price Targets

Separately, William Blair began coverage on Federal Signal in a report on Friday, May 31st. They set an “outperform” rating for the company.

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.