Federal Signal Corporation (NYSE:FSS – Get Free Report) VP Diane Bonina sold 14,856 shares of Federal Signal stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $130.44, for a total transaction of $1,937,816.64. Following the transaction, the vice president owned 15,689 shares in the company, valued at $2,046,473.16. The trade was a 48.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Diane Bonina also recently made the following trade(s):
- On Monday, August 3rd, Diane Bonina sold 4,408 shares of Federal Signal stock. The shares were sold at an average price of $128.75, for a total value of $567,530.00.
Federal Signal Trading Up 0.3%
NYSE:FSS opened at $128.16 on Friday. The business’s 50-day moving average is $118.79 and its two-hundred day moving average is $115.34. The firm has a market capitalization of $7.82 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 1.75 and a beta of 1.24. Federal Signal Corporation has a 12 month low of $101.18 and a 12 month high of $134.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.74 and a quick ratio of 1.21.
Federal Signal Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, August 14th. Federal Signal’s dividend payout ratio is currently 12.93%.
Hedge Funds Weigh In On Federal Signal
A number of institutional investors have recently made changes to their positions in FSS. EverSource Wealth Advisors LLC grew its position in shares of Federal Signal by 140.6% during the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after buying an additional 142 shares in the last quarter. Palladiem LLC bought a new stake in shares of Federal Signal in the fourth quarter worth $27,000. Physician Wealth Advisors Inc. raised its holdings in Federal Signal by 57.2% in the first quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 91 shares in the last quarter. Covestor Ltd raised its holdings in Federal Signal by 118.0% in the fourth quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 151 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Federal Signal by 3,100.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 248 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
FSS has been the topic of a number of recent research reports. Weiss Ratings raised shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Zacks Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. KeyCorp reaffirmed an “overweight” rating and set a $140.00 price target on shares of Federal Signal in a research note on Thursday, April 30th. Wall Street Zen lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, DA Davidson upped their price objective on shares of Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $137.33.
View Our Latest Research Report on Federal Signal
About Federal Signal
Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.
Federal Signal operates through two primary business segments.
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