Federal Signal Co. (FSS) VP Sells $14,562.00 in Stock
Federal Signal Co. (NYSE:FSS) VP Samuel Miceli sold 900 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $16.18, for a total transaction of $14,562.00. Following the sale, the vice president now directly owns 28,636 shares of the company’s stock, valued at approximately $463,330.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Federal Signal Co. (NYSE:FSS) traded up 0.44% during mid-day trading on Thursday, reaching $15.99. 174,549 shares of the company’s stock traded hands. Federal Signal Co. has a 1-year low of $11.68 and a 1-year high of $17.19. The firm has a 50-day moving average price of $15.07 and a 200-day moving average price of $15.18. The company has a market capitalization of $955.98 million, a P/E ratio of 26.17 and a beta of 1.53.
Federal Signal (NYSE:FSS) last released its quarterly earnings data on Thursday, April 27th. The conglomerate reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $177.80 million for the quarter, compared to analysts’ expectations of $176.97 million. Federal Signal had a return on equity of 11.98% and a net margin of 5.95%. Federal Signal’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 earnings per share. On average, equities research analysts forecast that Federal Signal Co. will post $0.76 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 12th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Wednesday, May 10th. Federal Signal’s dividend payout ratio is presently 40.58%.
FSS has been the subject of a number of research analyst reports. Seaport Global Securities raised shares of Federal Signal from an “accumulate” rating to a “buy” rating in a research report on Wednesday, February 1st. Zacks Investment Research downgraded shares of Federal Signal from a “hold” rating to a “sell” rating in a research report on Thursday, March 2nd. Finally, TheStreet downgraded shares of Federal Signal from a “b” rating to a “c” rating in a research report on Wednesday, March 22nd.
Several hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its stake in Federal Signal by 43.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,394,279 shares of the conglomerate’s stock worth $33,065,000 after buying an additional 721,473 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Federal Signal by 3.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 42,592 shares of the conglomerate’s stock worth $588,000 after buying an additional 1,236 shares in the last quarter. Bank of America Corp DE boosted its stake in Federal Signal by 23.5% in the first quarter. Bank of America Corp DE now owns 287,857 shares of the conglomerate’s stock worth $3,975,000 after buying an additional 54,747 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Federal Signal by 6.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 334,417 shares of the conglomerate’s stock worth $4,619,000 after buying an additional 21,470 shares in the last quarter. Finally, KCG Holdings Inc. boosted its stake in Federal Signal by 74.6% in the first quarter. KCG Holdings Inc. now owns 32,482 shares of the conglomerate’s stock worth $449,000 after buying an additional 13,881 shares in the last quarter. Institutional investors and hedge funds own 84.52% of the company’s stock.
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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