Teton Advisors Inc. Sells 35,800 Shares of Federal Signal Co. (NYSE:FSS)

Teton Advisors Inc. cut its stake in shares of Federal Signal Co. (NYSE:FSS) by 45.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,000 shares of the conglomerate’s stock after selling 35,800 shares during the period. Federal Signal accounts for approximately 1.1% of Teton Advisors Inc.’s portfolio, making the stock its 22nd largest holding. Teton Advisors Inc. owned approximately 0.07% of Federal Signal worth $3,300,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Federal Signal during the 4th quarter valued at $52,130,000. Invesco Ltd. increased its stake in Federal Signal by 156.3% in the 3rd quarter. Invesco Ltd. now owns 945,571 shares of the conglomerate’s stock worth $56,479,000 after acquiring an additional 576,643 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of Federal Signal by 52.4% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,318,407 shares of the conglomerate’s stock valued at $78,748,000 after acquiring an additional 453,342 shares in the last quarter. Van Berkom & Associates Inc. grew its holdings in shares of Federal Signal by 18.4% during the third quarter. Van Berkom & Associates Inc. now owns 1,549,215 shares of the conglomerate’s stock worth $92,535,000 after purchasing an additional 241,282 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Federal Signal by 3.3% in the third quarter. Vanguard Group Inc. now owns 6,618,609 shares of the conglomerate’s stock valued at $395,330,000 after purchasing an additional 209,965 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Price Performance

Federal Signal stock traded up $1.34 during mid-day trading on Monday, hitting $85.22. 356,834 shares of the company traded hands, compared to its average volume of 346,412. The stock has a fifty day moving average price of $82.24 and a 200-day moving average price of $75.06. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 33.16 and a beta of 1.03. Federal Signal Co. has a one year low of $50.71 and a one year high of $88.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.36 and a current ratio of 2.91.

Federal Signal (NYSE:FSS) last released its earnings results on Tuesday, February 27th. The conglomerate reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. Federal Signal had a return on equity of 16.88% and a net margin of 9.14%. The business had revenue of $448.40 million for the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. On average, equities analysts predict that Federal Signal Co. will post 2.99 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The firm 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 dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, May 16th. Federal Signal’s dividend payout ratio (DPR) is presently 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.