Insider Selling: Federal Signal Co. (NYSE:FSS) Director Sells 20,000 Shares of Stock

Federal Signal Co. (NYSE:FSSGet Rating) Director Dennis J. Martin sold 20,000 shares of Federal Signal stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $49.17, for a total value of $983,400.00. Following the completion of the transaction, the director now owns 594,841 shares of the company’s stock, valued at $29,248,331.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Federal Signal Stock Performance

Shares of NYSE FSS opened at $49.29 on Thursday. Federal Signal Co. has a 12-month low of $31.86 and a 12-month high of $50.56. The company has a market cap of $2.99 billion, a PE ratio of 28.66 and a beta of 1.02. The stock has a 50 day simple moving average of $43.77 and a 200-day simple moving average of $39.63. The company has a current ratio of 2.82, a quick ratio of 1.23 and a debt-to-equity ratio of 0.40.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $0.36 annualized dividend and a yield of 0.73%. Federal Signal’s payout ratio is 20.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FSS shares. Raymond James lifted their target price on Federal Signal from $45.00 to $52.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 20th. KeyCorp boosted their price objective on Federal Signal from $44.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, August 22nd. StockNews.com upgraded Federal Signal from a “hold” rating to a “buy” rating in a research report on Friday, November 4th. Finally, DA Davidson boosted their price objective on Federal Signal from $46.00 to $54.00 in a research report on Monday, November 7th.

Institutional Investors Weigh In On Federal Signal

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSS. William Blair Investment Management LLC bought a new stake in Federal Signal during the second quarter worth approximately $40,020,000. FMR LLC raised its holdings in Federal Signal by 47.4% during the second quarter. FMR LLC now owns 3,003,680 shares of the conglomerate’s stock worth $106,931,000 after purchasing an additional 965,940 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Federal Signal by 1,677.1% during the second quarter. Victory Capital Management Inc. now owns 481,416 shares of the conglomerate’s stock worth $17,139,000 after purchasing an additional 454,326 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new stake in Federal Signal during the second quarter worth approximately $12,281,000. Finally, Putnam Investments LLC increased its holdings in shares of Federal Signal by 310.0% in the third quarter. Putnam Investments LLC now owns 452,713 shares of the conglomerate’s stock valued at $16,895,000 after buying an additional 342,289 shares in the last quarter. Institutional investors own 91.47% of the company’s stock.

About Federal Signal

(Get Rating)

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.

Further Reading

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