Bahl & Gaynor Inc. Sells 11,828 Shares of Federal Signal Co. (NYSE:FSS)

Bahl & Gaynor Inc. trimmed its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 12.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,770 shares of the conglomerate's stock after selling 11,828 shares during the period. Bahl & Gaynor Inc. owned 0.14% of Federal Signal worth $7,647,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FSS. Quarry LP grew its position in Federal Signal by 73.5% in the third quarter. Quarry LP now owns 432 shares of the conglomerate's stock worth $40,000 after acquiring an additional 183 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Federal Signal in the third quarter worth approximately $46,000. Millburn Ridgefield Corp bought a new stake in Federal Signal in the third quarter worth approximately $70,000. Mather Group LLC. grew its position in Federal Signal by 20.1% in the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock worth $82,000 after acquiring an additional 149 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in Federal Signal by 15.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock worth $124,000 after acquiring an additional 181 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

Federal Signal Stock Performance

Shares of NYSE FSS traded up $0.95 during trading hours on Friday, hitting $80.58. 730,567 shares of the stock were exchanged, compared to its average volume of 464,077. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The company's 50 day moving average is $93.67 and its 200 day moving average is $92.21. The firm has a market capitalization of $4.92 billion, a P/E ratio of 23.36, a P/E/G ratio of 1.85 and a beta of 1.02. Federal Signal Co. has a one year low of $76.85 and a one year high of $102.18.

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Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, meeting analysts' consensus estimates of $0.87. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm had revenue of $472.00 million during the quarter, compared to the consensus estimate of $481.90 million. On average, research analysts expect that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Federal Signal's previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.69%. Federal Signal's dividend payout ratio is 15.95%.

Analyst Upgrades and Downgrades

Several analysts have commented on FSS shares. Raymond James reissued an "outperform" rating and issued a $110.00 target price on shares of Federal Signal in a research report on Tuesday, December 24th. StockNews.com downgraded shares of Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st.

Insider Buying and Selling at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman acquired 1,250 shares of the company's stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the purchase, the chief executive officer now owns 559,183 shares in the company, valued at $46,031,944.56. This represents a 0.22 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.10% of the company's stock.

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.