Strs Ohio lessened its holdings in shares of Federal Signal Co. (NYSE:FSS) by 5.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,100 shares of the conglomerate’s stock after selling 2,200 shares during the period. Strs Ohio’s holdings in Federal Signal were worth $965,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FSS. Norges Bank bought a new stake in shares of Federal Signal during the 4th quarter valued at $19,996,000. Hillcrest Asset Management LLC boosted its holdings in shares of Federal Signal by 35.7% during the 1st quarter. Hillcrest Asset Management LLC now owns 531,384 shares of the conglomerate’s stock valued at $13,811,000 after buying an additional 139,924 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Federal Signal by 38.5% during the 4th quarter. Bank of America Corp DE now owns 443,382 shares of the conglomerate’s stock valued at $8,822,000 after buying an additional 123,299 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in Federal Signal by 26.0% in the 1st quarter. State of Wisconsin Investment Board now owns 472,350 shares of the conglomerate’s stock worth $12,276,000 after purchasing an additional 97,350 shares in the last quarter. Finally, ClariVest Asset Management LLC boosted its stake in Federal Signal by 60.8% in the 1st quarter. ClariVest Asset Management LLC now owns 236,050 shares of the conglomerate’s stock worth $6,136,000 after purchasing an additional 89,225 shares in the last quarter. Hedge funds and other institutional investors own 89.49% of the company’s stock.

In other Federal Signal news, Director Richard R. Mudge sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $29.50, for a total value of $295,000.00. Following the completion of the transaction, the director now owns 87,678 shares of the company’s stock, valued at approximately $2,586,501. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dennis J. Martin sold 47,734 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $30.37, for a total value of $1,449,681.58. Following the completion of the transaction, the director now directly owns 206,518 shares of the company’s stock, valued at approximately $6,271,951.66. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Shares of Federal Signal stock opened at $30.81 on Wednesday. The company has a market cap of $1.82 billion, a PE ratio of 21.55 and a beta of 1.59. The stock has a 50-day moving average price of $28.02. Federal Signal Co. has a 1 year low of $18.59 and a 1 year high of $32.80. The company has a current ratio of 2.21, a quick ratio of 1.17 and a debt-to-equity ratio of 0.39.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Wednesday, July 31st. The conglomerate reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.09. The company had revenue of $324.30 million for the quarter, compared to analysts’ expectations of $305.40 million. Federal Signal had a net margin of 9.11% and a return on equity of 17.99%. Federal Signal’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. Research analysts anticipate that Federal Signal Co. will post 1.73 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Tuesday, August 13th. Federal Signal’s payout ratio is 22.38%.

A number of equities analysts recently issued reports on FSS shares. ValuEngine cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of Federal Signal from a “hold” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a research note on Friday, August 2nd.

About Federal Signal

Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.

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Institutional Ownership by Quarter for Federal Signal (NYSE:FSS)

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