Federal Signal Corporation (NYSE:FSS) Director Dennis J. Martin sold 45,172 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $21.90, for a total value of $989,266.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Federal Signal Corporation (NYSE FSS) traded down $0.40 during mid-day trading on Thursday, hitting $20.60. The stock had a trading volume of 115,066 shares, compared to its average volume of 261,457. The firm has a market cap of $1,273.46, a P/E ratio of 27.57 and a beta of 1.32. The company has a current ratio of 2.37, a quick ratio of 1.23 and a debt-to-equity ratio of 0.67. Federal Signal Corporation has a 1-year low of $12.62 and a 1-year high of $23.64.

Federal Signal Corporation (NYSE:FSS) last released its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The business had revenue of $249.00 million during the quarter, compared to the consensus estimate of $240.30 million. Federal Signal Corporation had a return on equity of 11.39% and a net margin of 5.30%. The business’s revenue for the quarter was up 33.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. equities analysts forecast that Federal Signal Corporation will post 0.81 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.36%. Federal Signal Corporation’s payout ratio is 38.36%.

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Separately, Zacks Investment Research upgraded Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Monday. Four research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $22.50.

Several hedge funds have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. increased its holdings in shares of Federal Signal Corporation by 1.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock worth $137,000 after buying an additional 86 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of Federal Signal Corporation by 3.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 14,080 shares of the conglomerate’s stock worth $244,000 after buying an additional 410 shares during the last quarter. Texas Permanent School Fund increased its holdings in shares of Federal Signal Corporation by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 43,651 shares of the conglomerate’s stock worth $758,000 after buying an additional 412 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Federal Signal Corporation by 0.7% during the 1st quarter. Legal & General Group Plc now owns 106,247 shares of the conglomerate’s stock worth $1,467,000 after buying an additional 766 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Federal Signal Corporation by 3.0% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 42,592 shares of the conglomerate’s stock worth $588,000 after buying an additional 1,236 shares during the last quarter. Institutional investors and hedge funds own 83.55% of the company’s stock.

Federal Signal Corporation Company Profile

Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.

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