Federal Signal Co. (NYSE:FSS) CFO Sells $1,444,587.48 in Stock

Federal Signal Co. (NYSE:FSS) CFO Ian A. Hudson sold 45,087 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $32.04, for a total transaction of $1,444,587.48. Following the sale, the chief financial officer now directly owns 48,974 shares in the company, valued at approximately $1,569,126.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NYSE FSS traded up $0.88 during midday trading on Friday, reaching $33.25. 451,591 shares of the stock were exchanged, compared to its average volume of 334,470. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 23.25 and a beta of 1.61. Federal Signal Co. has a twelve month low of $18.59 and a twelve month high of $32.80. The firm has a 50-day simple moving average of $29.83 and a two-hundred day simple moving average of $26.91. The company has a quick ratio of 1.17, a current ratio of 2.21 and a debt-to-equity ratio of 0.39.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Wednesday, July 31st. The conglomerate reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.09. The business 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%. The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. Research analysts expect that Federal Signal Co. will post 1.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.96%. Federal Signal’s payout ratio is 22.38%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Neumeier Poma Investment Counsel LLC grew its stake in shares of Federal Signal by 1.2% during the 2nd quarter. Neumeier Poma Investment Counsel LLC now owns 1,391,585 shares of the conglomerate’s stock worth $37,225,000 after purchasing an additional 16,355 shares during the period. Royal Bank of Canada grew its stake in shares of Federal Signal by 2.2% during the 2nd quarter. Royal Bank of Canada now owns 47,628 shares of the conglomerate’s stock worth $1,274,000 after purchasing an additional 1,008 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of Federal Signal during the 2nd quarter worth approximately $627,000. Hillcrest Asset Management LLC grew its stake in Federal Signal by 0.6% in the 2nd quarter. Hillcrest Asset Management LLC now owns 534,614 shares of the conglomerate’s stock valued at $14,301,000 after acquiring an additional 3,230 shares during the period. Finally, Nuveen Asset Management LLC acquired a new stake in Federal Signal in the 2nd quarter valued at $18,948,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on FSS. 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 raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective 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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