Fort Washington Investment Advisors Inc. OH Sells 16,660 Shares of Federal Signal Co. (NYSE:FSS)

Fort Washington Investment Advisors Inc. OH cut its stake in shares of Federal Signal Co. (NYSE:FSS) by 9.8% in the second quarter, HoldingsChannel reports. The fund owned 153,769 shares of the conglomerate’s stock after selling 16,660 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Federal Signal were worth $12,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in Federal Signal during the 4th quarter valued at approximately $38,000. Parallel Advisors LLC raised its position in shares of Federal Signal by 28.1% during the fourth quarter. Parallel Advisors LLC now owns 638 shares of the conglomerate’s stock valued at $49,000 after buying an additional 140 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Federal Signal by 223.6% in the first quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock worth $76,000 after buying an additional 617 shares in the last quarter. Mather Group LLC. bought a new position in shares of Federal Signal during the 1st quarter valued at about $85,000. Finally, Fifth Third Bancorp increased its stake in Federal Signal by 30.1% in the 2nd 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 last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Stock Performance

Shares of NYSE:FSS opened at $94.49 on Friday. The company has a current ratio of 2.89, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23. Federal Signal Co. has a 12 month low of $56.37 and a 12 month high of $102.18. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 31.92 and a beta of 0.95. The firm’s 50-day moving average is $91.62 and its 200 day moving average is $86.33.

Federal Signal (NYSE:FSS) last released its earnings results 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. The business had revenue of $490.40 million during the quarter, compared to the consensus estimate of $487.74 million. Federal Signal had a return on equity of 18.31% and a net margin of 11.16%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the company earned $0.67 earnings per share. Research analysts predict that Federal Signal Co. will post 3.24 EPS for the current year.

Federal Signal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.48 annualized dividend and a yield of 0.51%. Federal Signal’s dividend payout ratio (DPR) is currently 16.22%.

Analyst Upgrades and Downgrades

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

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.