Federal Signal Corp. (FSS) Sees Large Volume Increase
Federal Signal Corp. (NYSE:FSS) shares saw strong trading volume on Friday . 505,963 shares traded hands during mid-day trading, an increase of 162% from the previous session’s volume of 193,100 shares.The stock last traded at $13.15 and had previously closed at $13.29.
Separately, Zacks Investment Research upgraded shares of Federal Signal Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 3rd.
The stock’s 50-day moving average price is $13.25 and its 200 day moving average price is $13.38. The firm has a market capitalization of $790.30 million and a PE ratio of 15.43.
Federal Signal Corp. (NYSE:FSS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.02. During the same period last year, the business earned $0.29 earnings per share. The firm had revenue of $172.30 million for the quarter, compared to the consensus estimate of $180.05 million. The business’s quarterly revenue was down 16.1% compared to the same quarter last year. On average, equities analysts anticipate that Federal Signal Corp. will post $0.74 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Tuesday, August 16th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, August 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.13%.
Other large investors have recently bought and sold shares of the company. GSA Capital Partners LLP raised its stake in Federal Signal Corp. by 209.1% in the fourth quarter. GSA Capital Partners LLP now owns 82,502 shares of the company’s stock worth $1,308,000 after buying an additional 55,814 shares in the last quarter. Victory Capital Management Inc. raised its stake in Federal Signal Corp. by 14.4% in the fourth quarter. Victory Capital Management Inc. now owns 93,856 shares of the company’s stock worth $1,488,000 after buying an additional 11,848 shares in the last quarter. Rhumbline Advisers raised its stake in Federal Signal Corp. by 4.4% in the fourth quarter. Rhumbline Advisers now owns 98,879 shares of the company’s stock worth $1,567,000 after buying an additional 4,150 shares in the last quarter. Bailard Inc. purchased a new stake in Federal Signal Corp. during the fourth quarter worth approximately $1,663,000. Finally, California State Teachers Retirement System raised its stake in Federal Signal Corp. by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 115,904 shares of the company’s stock worth $1,837,000 after buying an additional 2,110 shares in the last quarter.
Federal Signal Corporation designs and manufactures products and integrated solutions for municipal governmental industrial and commercial customers. The Company operates through two segments: Environmental Solutions Group, and Safety and Security Systems Group. Environmental Solutions Group is manufacturer and supplier of a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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