Illinois Municipal Retirement Fund Boosts Stock Holdings in Federal Signal Co. (NYSE:FSS)

Illinois Municipal Retirement Fund grew its position in shares of Federal Signal Co. (NYSE:FSS) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,697 shares of the conglomerate’s stock after acquiring an additional 369 shares during the quarter. Illinois Municipal Retirement Fund owned 0.06% of Federal Signal worth $3,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Lisanti Capital Growth LLC boosted its holdings in Federal Signal by 36.9% during the 1st quarter. Lisanti Capital Growth LLC now owns 64,065 shares of the conglomerate’s stock worth $5,437,000 after acquiring an additional 17,255 shares during the last quarter. SG Americas Securities LLC purchased a new position in Federal Signal during the 1st quarter worth $478,000. Quantbot Technologies LP purchased a new position in shares of Federal Signal in the 1st quarter worth about $1,537,000. Duality Advisers LP purchased a new position in shares of Federal Signal in the 1st quarter worth about $1,081,000. Finally, Texas Permanent School Fund Corp boosted its holdings in shares of Federal Signal by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 53,324 shares of the conglomerate’s stock worth $4,526,000 after buying an additional 690 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, William Blair began coverage on shares of Federal Signal in a report on Friday, May 31st. They issued an “outperform” rating on the stock.

Federal Signal Price Performance

Shares of NYSE:FSS opened at $90.74 on Monday. The company’s 50-day moving average is $85.72 and its 200 day moving average is $81.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 2.82. The company has a market capitalization of $5.54 billion, a P/E ratio of 30.66 and a beta of 0.95. Federal Signal Co. has a fifty-two week low of $56.37 and a fifty-two week high of $92.90.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Tuesday, April 30th. The conglomerate reported $0.64 EPS for the quarter, beating the consensus estimate of $0.55 by $0.09. The business had revenue of $424.90 million for the quarter, compared to the consensus estimate of $425.58 million. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. On average, equities research analysts forecast that Federal Signal Co. will post 3.08 earnings per share for the current year.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Thursday, May 16th. Federal Signal’s dividend payout ratio (DPR) is presently 16.22%.

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.