Strs Ohio Sells 2,200 Shares of Federal Signal Co. (NYSE:FSS)

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Strs Ohio lessened its holdings in shares of Federal Signal Co. (NYSE:FSS) by 5.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,100 shares of the conglomerate’s stock after selling 2,200 shares during the quarter. Strs Ohio owned about 0.06% of Federal Signal worth $965,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FSS. Parallel Advisors LLC bought a new position in Federal Signal during the first quarter worth about $42,000. Advisors Asset Management Inc. bought a new position in Federal Signal during the first quarter worth about $56,000. First Interstate Bank bought a new position in Federal Signal during the first quarter worth about $74,000. Quantamental Technologies LLC bought a new position in Federal Signal during the first quarter worth about $111,000. Finally, Nordea Investment Management AB bought a new position in shares of Federal Signal in the first quarter valued at approximately $133,000. Hedge funds and other institutional investors own 89.49% of the company’s stock.

A number of equities analysts have recently commented on the stock. ValuEngine lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded shares of Federal Signal from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research report on Friday, August 2nd.

In other Federal Signal news, Director Richard R. Mudge sold 10,000 shares of Federal Signal stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $29.50, for a total transaction of $295,000.00. Following the transaction, the director now directly owns 87,678 shares of the company’s stock, valued at $2,586,501. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dennis J. Martin sold 47,734 shares of Federal Signal stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $30.37, for a total transaction of $1,449,681.58. Following the transaction, the director now directly owns 206,518 shares in the company, valued at $6,271,951.66. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

FSS stock opened at $30.81 on Wednesday. The company has a 50 day moving average price of $28.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.21 and a quick ratio of 1.17. Federal Signal Co. has a 12 month low of $18.59 and a 12 month high of $32.80. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 21.55 and a beta of 1.59.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Wednesday, July 31st. The conglomerate reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.09. Federal Signal had a net margin of 9.11% and a return on equity of 17.99%. The company had revenue of $324.30 million during the quarter, compared to analyst estimates of $305.40 million. During the same period last year, the business earned $0.45 earnings per share. Federal Signal’s revenue was up 11.4% compared to the same quarter last year. Analysts anticipate that Federal Signal Co. will post 1.73 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Tuesday, August 13th. Federal Signal’s dividend payout ratio (DPR) is presently 22.38%.

Federal Signal Profile

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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Institutional Ownership by Quarter for Federal Signal (NYSE:FSS)

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