Nationwide Fund Advisors boosted its stake in shares of Federal Signal Co. (NYSE:FSS) by 4.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 98,419 shares of the conglomerate’s stock after buying an additional 4,124 shares during the period. Nationwide Fund Advisors owned approximately 0.16% of Federal Signal worth $2,094,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its stake in Federal Signal by 8.0% in the second quarter. Franklin Resources Inc. now owns 5,279,934 shares of the conglomerate’s stock worth $91,659,000 after purchasing an additional 391,353 shares during the period. Vanguard Group Inc. increased its stake in Federal Signal by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,197,214 shares of the conglomerate’s stock worth $55,503,000 after purchasing an additional 103,228 shares during the period. Goldman Sachs Group Inc. increased its stake in Federal Signal by 5.2% in the second quarter. Goldman Sachs Group Inc. now owns 2,517,979 shares of the conglomerate’s stock worth $43,712,000 after purchasing an additional 123,700 shares during the period. FMR LLC increased its stake in Federal Signal by 104.4% in the second quarter. FMR LLC now owns 1,591,319 shares of the conglomerate’s stock worth $27,625,000 after purchasing an additional 812,669 shares during the period. Finally, State Street Corp increased its stake in Federal Signal by 1.7% in the second quarter. State Street Corp now owns 1,560,730 shares of the conglomerate’s stock worth $27,095,000 after purchasing an additional 25,703 shares during the period. Institutional investors own 84.10% of the company’s stock.
In other news, Director James E. Goodwin sold 10,000 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $20.67, for a total transaction of $206,700.00. Following the transaction, the director now owns 122,929 shares of the company’s stock, valued at approximately $2,540,942.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis J. Martin sold 45,172 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $21.90, for a total value of $989,266.80. The disclosure for this sale can be found here. Insiders have sold a total of 110,172 shares of company stock worth $2,338,207 in the last three months. Corporate insiders own 4.20% of the company’s stock.
Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Federal Signal had a return on equity of 11.39% and a net margin of 5.30%. The business had revenue of $249.00 million for the quarter, compared to the consensus estimate of $240.30 million. During the same quarter in the prior year, the company earned $0.17 EPS. The business’s revenue was up 33.4% compared to the same quarter last year. research analysts forecast that Federal Signal Co. will post 0.81 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Monday, November 13th. Federal Signal’s payout ratio is 38.36%.
A number of research firms have weighed in on FSS. Zacks Investment Research upgraded Federal Signal from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Monday, November 6th. ValuEngine lowered Federal Signal from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $22.50.
Federal Signal 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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