Federal Signal Corporation (NYSE:FSS – Get Free Report) VP Diane Bonina sold 14,856 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $130.44, for a total value of $1,937,816.64. Following the completion of the transaction, the vice president directly owned 15,689 shares in the company, valued at $2,046,473.16. This represents a 48.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Diane Bonina also recently made the following trade(s):
- On Monday, August 3rd, Diane Bonina sold 4,408 shares of Federal Signal stock. The stock was sold at an average price of $128.75, for a total value of $567,530.00.
Federal Signal Stock Performance
FSS opened at $130.09 on Thursday. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.30. The firm has a market cap of $7.94 billion, a PE ratio of 28.04, a P/E/G ratio of 1.81 and a beta of 1.24. The business has a fifty day simple moving average of $118.08 and a 200-day simple moving average of $115.16. Federal Signal Corporation has a fifty-two week low of $101.18 and a fifty-two week high of $134.51.
Federal Signal Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, August 14th. Federal Signal’s payout ratio is presently 12.93%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Zacks Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Weiss Ratings upgraded shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. KeyCorp reaffirmed an “overweight” rating and issued a $140.00 price objective on shares of Federal Signal in a research note on Thursday, April 30th. Wall Street Zen cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, DA Davidson boosted their target price on shares of Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Federal Signal presently has an average rating of “Buy” and an average target price of $137.33.
Check Out Our Latest Report on Federal Signal
Hedge Funds Weigh In On Federal Signal
Several institutional investors and hedge funds have recently bought and sold shares of FSS. Vanguard Group Inc. lifted its position in shares of Federal Signal by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 6,840,396 shares of the conglomerate’s stock worth $742,799,000 after purchasing an additional 138,855 shares in the last quarter. Capital World Investors grew its position in Federal Signal by 4.4% during the fourth quarter. Capital World Investors now owns 2,362,294 shares of the conglomerate’s stock valued at $256,522,000 after purchasing an additional 100,000 shares in the last quarter. State Street Corp increased its stake in Federal Signal by 0.4% in the 2nd quarter. State Street Corp now owns 2,266,523 shares of the conglomerate’s stock valued at $241,203,000 after buying an additional 7,982 shares during the period. Invesco Ltd. lifted its position in Federal Signal by 10.2% in the 4th quarter. Invesco Ltd. now owns 2,168,788 shares of the conglomerate’s stock worth $235,509,000 after buying an additional 201,440 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Federal Signal by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,725,757 shares of the conglomerate’s stock worth $187,427,000 after buying an additional 18,587 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.
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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