Illinois Municipal Retirement Fund Sells 1,889 Shares of Federal Signal Co. (NYSE:FSS)

Illinois Municipal Retirement Fund lessened its holdings in Federal Signal Co. (NYSE:FSS) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,328 shares of the conglomerate’s stock after selling 1,889 shares during the quarter. Illinois Municipal Retirement Fund owned 0.06% of Federal Signal worth $2,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Federal Signal Stock Performance

Shares of FSS opened at $83.33 on Thursday. The company has a current ratio of 2.91, a quick ratio of 1.36 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average price of $82.00 and a 200-day moving average price of $74.49. Federal Signal Co. has a 12-month low of $49.82 and a 12-month high of $88.47. The company has a market cap of $5.08 billion, a PE ratio of 32.42 and a beta of 1.03.

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

Federal Signal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid 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 0.58%. Federal Signal’s dividend payout ratio (DPR) 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.