Federal Signal Co. (NYSE:FSS) CEO Jennifer L. Sherman Buys 1,250 Shares

Federal Signal Co. (NYSE:FSS) CEO Jennifer L. Sherman acquired 1,250 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $82.32 per share, with a total value of $102,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 559,183 shares of the company’s stock, valued at $46,031,944.56. This represents a 0.22 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Federal Signal Stock Down 1.4 %

Federal Signal stock opened at $80.16 on Tuesday. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 1.85 and a beta of 1.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. Federal Signal Co. has a fifty-two week low of $76.85 and a fifty-two week high of $102.18. The firm has a fifty day moving average price of $94.72 and a two-hundred day moving average price of $92.59.

Federal Signal (NYSE:FSS) last released its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.87. The firm had revenue of $472.00 million during the quarter, compared to analyst estimates of $481.90 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. As a group, analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, March 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.70%. This is a positive change from Federal Signal’s previous quarterly dividend of $0.12. Federal Signal’s dividend payout ratio is currently 15.95%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FSS. Capital World Investors acquired a new position in shares of Federal Signal during the fourth quarter valued at about $79,810,000. Norges Bank acquired a new position in shares of Federal Signal during the fourth quarter valued at about $78,192,000. Raymond James Financial Inc. acquired a new position in shares of Federal Signal during the fourth quarter valued at about $36,636,000. First Trust Advisors LP raised its position in shares of Federal Signal by 56.5% during the fourth quarter. First Trust Advisors LP now owns 894,136 shares of the conglomerate’s stock valued at $82,609,000 after buying an additional 322,676 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC acquired a new position in shares of Federal Signal during the third quarter valued at about $28,863,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Ratings Changes

FSS has been the subject of a number of recent research reports. DA Davidson decreased their price objective on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Raymond James reissued an “outperform” rating and set a $110.00 target price on shares of Federal Signal in a research report on Tuesday, December 24th. Finally, StockNews.com lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday.

Federal Signal Company Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.