Envestnet Portfolio Solutions Inc. Takes $239,000 Position in Federal Signal Co. (NYSE:FSS)

Envestnet Portfolio Solutions Inc. bought a new stake in shares of Federal Signal Co. (NYSE:FSS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,114 shares of the conglomerate’s stock, valued at approximately $239,000.

A number of other large investors have also recently made changes to their positions in the stock. Fifth Third Bancorp boosted its stake in shares of Federal Signal by 36.0% during the fourth quarter. Fifth Third Bancorp now owns 793 shares of the conglomerate’s stock valued at $61,000 after purchasing an additional 210 shares during the period. Arizona State Retirement System raised its holdings in shares of Federal Signal by 1.6% in the third quarter. Arizona State Retirement System now owns 17,336 shares of the conglomerate’s stock valued at $1,035,000 after acquiring an additional 271 shares in the last quarter. Diversified Trust Co raised its holdings in shares of Federal Signal by 9.1% in the fourth quarter. Diversified Trust Co now owns 4,451 shares of the conglomerate’s stock valued at $342,000 after acquiring an additional 373 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Federal Signal by 11.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 4,266 shares of the conglomerate’s stock valued at $255,000 after acquiring an additional 423 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Federal Signal in the fourth quarter valued at about $38,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Stock Performance

FSS stock opened at $86.75 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.82 and a quick ratio of 1.29. The business has a 50-day moving average price of $84.17 and a 200 day moving average price of $78.35. The company has a market capitalization of $5.30 billion, a P/E ratio of 29.31 and a beta of 1.02. Federal Signal Co. has a 1-year low of $52.39 and a 1-year high of $88.47.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.09. The firm had revenue of $424.90 million during the quarter, compared to the consensus estimate of $425.58 million. Federal Signal had a return on equity of 17.36% and a net margin of 10.31%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. As a group, equities research analysts forecast that Federal Signal Co. will post 3.07 EPS for the current fiscal year.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. Federal Signal’s dividend payout ratio is presently 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.