Insider Selling: Federal Signal Corporation (NYSE:FSS) Director Sells 45,721 Shares of Stock

Federal Signal Corporation (NYSE:FSS) Director Brenda Reichelderfer sold 45,721 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $20.76, for a total value of $949,167.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Brenda Reichelderfer also recently made the following trade(s):

  • On Monday, November 20th, Brenda Reichelderfer sold 8,279 shares of Federal Signal stock. The stock was sold at an average price of $20.76, for a total value of $171,872.04.

Federal Signal Corporation (NYSE:FSS) traded down $0.36 during trading hours on Tuesday, reaching $20.63. The company had a trading volume of 155,972 shares, compared to its average volume of 261,959. The company has a market capitalization of $1,259.66, a price-to-earnings ratio of 27.27 and a beta of 1.30. Federal Signal Corporation has a 12 month low of $13.07 and a 12 month high of $23.64. The company has a quick ratio of 1.23, a current ratio of 2.37 and a debt-to-equity ratio of 0.67.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.03. The company had revenue of $249.00 million during the quarter, compared to analyst estimates of $240.30 million. Federal Signal had a return on equity of 11.39% and a net margin of 5.30%. The firm’s quarterly revenue was up 33.4% on a year-over-year basis. During the same quarter last year, the company earned $0.17 earnings per share. equities analysts predict that Federal Signal Corporation will post 0.81 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.36%. The ex-dividend date is Monday, November 13th. Federal Signal’s dividend payout ratio is 38.36%.

A number of large investors have recently bought and sold shares of FSS. BlackRock Inc. boosted its stake in Federal Signal by 45,296.2% during the first quarter. BlackRock Inc. now owns 7,375,976 shares of the conglomerate’s stock valued at $101,863,000 after buying an additional 7,359,728 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Federal Signal by 993.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,133,385 shares of the conglomerate’s stock worth $66,678,000 after purchasing an additional 2,846,707 shares during the last quarter. FMR LLC lifted its stake in Federal Signal by 104.4% during the second quarter. FMR LLC now owns 1,591,319 shares of the conglomerate’s stock worth $27,625,000 after purchasing an additional 812,669 shares during the last quarter. Franklin Resources Inc. lifted its stake in Federal Signal by 8.0% during the second quarter. Franklin Resources Inc. now owns 5,279,934 shares of the conglomerate’s stock worth $91,659,000 after purchasing an additional 391,353 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in Federal Signal during the third quarter worth about $6,833,000. 84.12% of the stock is owned by institutional investors.

Separately, Zacks Investment Research raised Federal Signal from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, August 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $22.50.

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About Federal Signal

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.

Insider Buying and Selling by Quarter for Federal Signal (NYSE:FSS)

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