Federal Signal Co. (NYSE:FSS) Director Sells $2,388,448.15 in Stock

Federal Signal Co. (NYSE:FSS) Director Brenda Reichelderfer sold 25,685 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $92.99, for a total value of $2,388,448.15. Following the sale, the director now owns 57,417 shares in the company, valued at $5,339,206.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Federal Signal Stock Performance

Shares of NYSE:FSS traded down $5.35 during midday trading on Tuesday, reaching $89.14. 92,918 shares of the company traded hands, compared to its average volume of 339,668. The company has a quick ratio of 1.35, a current ratio of 2.89 and a debt-to-equity ratio of 0.23. Federal Signal Co. has a 12 month low of $56.37 and a 12 month high of $102.18. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 31.92 and a beta of 0.94. The firm’s fifty day moving average price is $91.80 and its two-hundred day moving average price is $86.55.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. The company had revenue of $490.40 million for the quarter, compared to analyst estimates of $487.74 million. Federal Signal had a return on equity of 18.31% and a net margin of 11.16%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 EPS. On average, equities analysts expect that Federal Signal Co. will post 3.24 earnings per share for the current year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a $0.12 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.48 dividend on an annualized basis and a yield of 0.54%. Federal Signal’s dividend payout ratio is currently 16.22%.

Hedge Funds Weigh In On Federal Signal

A number of institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its holdings in Federal Signal by 28.1% during the 4th quarter. Parallel Advisors LLC now owns 638 shares of the conglomerate’s stock valued at $49,000 after acquiring an additional 140 shares during the period. GAMMA Investing LLC lifted its holdings in Federal Signal by 34.6% in the 1st quarter. GAMMA Investing LLC now owns 662 shares of the conglomerate’s stock worth $56,000 after buying an additional 170 shares during the period. Point72 DIFC Ltd bought a new position in shares of Federal Signal in the 2nd quarter worth approximately $62,000. Covestor Ltd raised its position in shares of Federal Signal by 223.6% in the 1st quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock worth $76,000 after acquiring an additional 617 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Federal Signal in the 2nd quarter worth approximately $84,000. 92.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, William Blair assumed coverage on Federal Signal in a research note on Friday, May 31st. They set an “outperform” rating on the stock.

About Federal Signal

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.