Federal Signal Corporation (NYSE:FSS – Get Free Report) VP Diane Bonina sold 4,408 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $128.75, for a total value of $567,530.00. Following the completion of the transaction, the vice president owned 15,689 shares in the company, valued at $2,019,958.75. This represents a 21.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Diane Bonina also recently made the following trade(s):
- On Tuesday, August 4th, Diane Bonina sold 14,856 shares of Federal Signal stock. The stock was sold at an average price of $130.44, for a total value of $1,937,816.64.
Federal Signal Trading Down 2.0%
NYSE FSS opened at $127.53 on Friday. The firm has a market capitalization of $7.78 billion, a P/E ratio of 27.48, a PEG ratio of 1.78 and a beta of 1.24. The business has a fifty day simple moving average of $118.36 and a 200 day simple moving average of $115.25. Federal Signal Corporation has a 12 month low of $101.18 and a 12 month high of $134.51. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30.
Federal Signal Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 14th. Federal Signal’s dividend payout ratio is presently 12.93%.
Institutional Investors Weigh In On Federal Signal
Hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP purchased a new stake in Federal Signal in the 3rd quarter worth about $174,476,000. Norges Bank purchased a new position in shares of Federal Signal in the fourth quarter worth about $98,257,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Federal Signal in the first quarter valued at approximately $57,749,000. Bank of New York Mellon Corp bought a new position in Federal Signal in the 2nd quarter worth approximately $53,055,000. Finally, Invesco Ltd. grew its stake in Federal Signal by 16.0% in the 3rd quarter. Invesco Ltd. now owns 1,967,348 shares of the conglomerate’s stock valued at $234,095,000 after buying an additional 271,878 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. KeyCorp restated an “overweight” rating and issued a $140.00 target price on shares of Federal Signal in a research note on Thursday, April 30th. Weiss Ratings upgraded Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Wall Street Zen downgraded Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Zacks Research raised Federal Signal from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Finally, DA Davidson lifted their target price on Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $137.33.
View Our Latest Analysis on FSS
About Federal Signal
Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.
Federal Signal operates through two primary business segments.
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