California State Teachers Retirement System trimmed its stake in shares of Federal Signal Corporation (NYSE:FSS) by 11.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,554 shares of the conglomerate’s stock after selling 13,670 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Federal Signal Corporation worth $1,815,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in shares of Federal Signal Corporation by 12,320.0% during the second quarter. IFP Advisors Inc now owns 6,831 shares of the conglomerate’s stock worth $119,000 after purchasing an additional 6,776 shares during the period. Pinebridge Investments L.P. raised its holdings in shares of Federal Signal Corporation by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock worth $137,000 after purchasing an additional 86 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Federal Signal Corporation by 79.2% during the second quarter. State of Alaska Department of Revenue now owns 11,807 shares of the conglomerate’s stock worth $204,000 after purchasing an additional 5,217 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Federal Signal Corporation during the second quarter worth $205,000. Finally, Municipal Employees Retirement System of Michigan raised its holdings in shares of Federal Signal Corporation by 3.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 14,080 shares of the conglomerate’s stock worth $244,000 after purchasing an additional 410 shares during the period. Hedge funds and other institutional investors own 81.69% of the company’s stock.
In related news, Director Dennis J. Martin sold 45,172 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $21.90, for a total value of $989,266.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.20% of the stock is currently owned by corporate insiders.
Shares of Federal Signal Corporation (FSS) opened at $20.89 on Friday. The firm has a market cap of $1,223.67, a price-to-earnings ratio of 26.49 and a beta of 1.32. Federal Signal Corporation has a twelve month low of $13.07 and a twelve month high of $23.64. 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 (NYSE:FSS) last issued its earnings results on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.03. The company had revenue of $249.00 million for the quarter, compared to analysts’ expectations of $240.30 million. Federal Signal Corporation had a net margin of 5.30% and a return on equity of 11.39%. The firm’s revenue was up 33.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 earnings per share. sell-side analysts anticipate that Federal Signal Corporation will post 0.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders 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 1.34%. Federal Signal Corporation’s dividend payout ratio (DPR) is 38.36%.
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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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