Central Pacific Bank Trust Division Buys Shares of 1,510 Federal Signal Co. (NYSE:FSS)

Central Pacific Bank Trust Division bought a new stake in Federal Signal Co. (NYSE:FSS) during the first quarter, Holdings Channel.com reports. The fund bought 1,510 shares of the conglomerate’s stock, valued at approximately $129,000.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Federal Signal by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 6,679,305 shares of the conglomerate’s stock worth $512,570,000 after purchasing an additional 60,696 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of Federal Signal by 2.4% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,350,214 shares of the conglomerate’s stock worth $103,615,000 after purchasing an additional 31,807 shares in the last quarter. Norges Bank acquired a new stake in shares of Federal Signal during the 4th quarter worth approximately $52,130,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Federal Signal by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 649,953 shares of the conglomerate’s stock worth $49,877,000 after purchasing an additional 9,688 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. grew its holdings in shares of Federal Signal by 19.5% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 545,713 shares of the conglomerate’s stock worth $41,878,000 after purchasing an additional 88,900 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Price Performance

Shares of Federal Signal stock traded up $0.87 during midday trading on Wednesday, hitting $84.29. 8,187 shares of the company were exchanged, compared to its average volume of 329,882. 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 firm has a market cap of $5.15 billion, a P/E ratio of 28.17 and a beta of 0.95. Federal Signal Co. has a 52 week low of $56.37 and a 52 week high of $92.90. The firm has a 50 day simple moving average of $85.29 and a 200-day simple moving average of $81.58.

Federal Signal (NYSE:FSS) last posted its earnings results on Tuesday, April 30th. The conglomerate reported $0.64 EPS for the quarter, topping the consensus estimate of $0.55 by $0.09. The business 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%. Federal Signal’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS. 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 given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.48 annualized dividend and a yield of 0.57%. Federal Signal’s payout ratio is 16.22%.

Analyst Upgrades and Downgrades

Separately, William Blair started coverage on Federal Signal in a 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.