Federated Hermes Inc. Reduces Stock Position in Federal Signal Co. (NYSE:FSS)

Federated Hermes Inc. trimmed its position in Federal Signal Co. (NYSE:FSS) by 42.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,562 shares of the conglomerate’s stock after selling 21,782 shares during the quarter. Federated Hermes Inc.’s holdings in Federal Signal were worth $2,269,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp lifted its holdings in shares of Federal Signal by 155.7% in the 3rd quarter. Fifth Third Bancorp now owns 583 shares of the conglomerate’s stock worth $35,000 after buying an additional 355 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Federal Signal in the 3rd quarter worth $78,000. Anchor Investment Management LLC purchased a new stake in shares of Federal Signal in the 4th quarter worth $146,000. International Assets Investment Management LLC bought a new position in shares of Federal Signal in the 4th quarter worth $153,000. Finally, Signet Investment Advisory Group Inc. bought a new position in shares of Federal Signal in the 4th quarter worth $211,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Federal Signal Trading Up 0.9 %

FSS opened at $83.88 on Monday. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 32.64 and a beta of 1.03. The company has a current ratio of 2.91, a quick ratio of 1.36 and a debt-to-equity ratio of 0.29. Federal Signal Co. has a 12 month low of $49.84 and a 12 month high of $88.47. The stock has a fifty day moving average price of $82.14 and a 200-day moving average price of $74.89.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Tuesday, February 27th. The conglomerate reported $0.74 EPS for the quarter, topping the consensus estimate of $0.67 by $0.07. The firm had revenue of $448.40 million during the quarter, compared to analyst estimates of $422.45 million. Federal Signal had a return on equity of 16.88% and a net margin of 9.14%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS. As a group, equities research analysts anticipate that Federal Signal Co. will post 2.99 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.57%. The ex-dividend date is Thursday, May 16th. Federal Signal’s dividend payout ratio is currently 18.68%.

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.