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 Federal Signal stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $92.99, for a total value of $2,388,448.15. Following the sale, the director now directly owns 57,417 shares in the company, valued at approximately $5,339,206.83. The sale was disclosed in a document filed with the SEC, which is available at this link.

Federal Signal Price Performance

Federal Signal stock opened at $85.08 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 1.35. The company has a market capitalization of $5.20 billion, a PE ratio of 28.74 and a beta of 0.94. Federal Signal Co. has a one year low of $56.37 and a one year high of $102.18. The business has a 50 day simple moving average of $91.97 and a 200 day simple moving average of $86.61.

Federal Signal (NYSE:FSS) last posted its earnings results on Thursday, July 25th. The conglomerate reported $0.95 EPS for the quarter, topping the consensus estimate of $0.84 by $0.11. The business had revenue of $490.40 million during the quarter, compared to the consensus estimate of $487.74 million. Federal Signal had a return on equity of 18.31% and a net margin of 11.16%. Federal Signal’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. On average, sell-side analysts forecast that Federal Signal Co. will post 3.24 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.12 per share. The ex-dividend date was Friday, August 16th. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. Federal Signal’s dividend payout ratio (DPR) is presently 16.22%.

Hedge Funds Weigh In On Federal Signal

Institutional investors have recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund raised its position in Federal Signal by 150.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 30,000 shares of the conglomerate’s stock valued at $2,546,000 after purchasing an additional 18,000 shares during the last quarter. UniSuper Management Pty Ltd bought a new position in Federal Signal in the 1st quarter valued at $919,000. Susquehanna Fundamental Investments LLC bought a new position in Federal Signal in the 1st quarter valued at $917,000. Goldman Sachs Group Inc. raised its position in Federal Signal by 8.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 414,474 shares of the conglomerate’s stock valued at $31,807,000 after purchasing an additional 32,227 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Federal Signal by 23.2% in the 4th quarter. First Trust Advisors LP now owns 432,897 shares of the conglomerate’s stock valued at $33,221,000 after purchasing an additional 81,622 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, William Blair started coverage on Federal Signal in a report 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.