Federal Signal Corp. (FSS) Sees Strong Trading Volume
Shares of Federal Signal Corp. (NYSE:FSS) saw strong trading volume on Friday . 505,963 shares were traded 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 is $13.25 and its 200-day moving average is $13.38. The company has a market capitalization of $790.30 million and a price-to-earnings ratio of 15.43.
Federal Signal Corp. (NYSE:FSS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $172.30 million for the quarter, compared to the consensus estimate of $180.05 million. During the same period last year, the firm earned $0.29 earnings per share. The business’s revenue for the quarter 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 issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, August 12th.
Several institutional investors have added to or reduced their stakes in FSS. GSA Capital Partners LLP increased its position 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 during the last quarter. Victory Capital Management Inc. increased its position 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 during the last quarter. Rhumbline Advisers increased its position 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 during the last quarter. Bailard Inc. acquired a new position in Federal Signal Corp. during the fourth quarter worth approximately $1,663,000. Finally, California State Teachers Retirement System increased its position 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 during 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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