Goldman Sachs Group Inc. raised its stake in shares of Federal Signal Corporation (NYSE:FSS) by 43.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,394,279 shares of the conglomerate’s stock after buying an additional 721,473 shares during the period. Goldman Sachs Group Inc. owned 4.00% of Federal Signal Corporation worth $33,065,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Guggenheim Capital LLC raised its stake in shares of Federal Signal Corporation by 5.9% in the fourth quarter. Guggenheim Capital LLC now owns 64,124 shares of the conglomerate’s stock valued at $1,001,000 after buying an additional 3,588 shares during the period. Norges Bank purchased a new stake in shares of Federal Signal Corporation during the fourth quarter valued at about $12,920,000. State of Tennessee Treasury Department raised its stake in shares of Federal Signal Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 58,740 shares of the conglomerate’s stock valued at $811,000 after buying an additional 8,865 shares during the period. Comerica Bank raised its stake in shares of Federal Signal Corporation by 5.7% in the fourth quarter. Comerica Bank now owns 63,859 shares of the conglomerate’s stock valued at $1,015,000 after buying an additional 3,466 shares during the period. Finally, State Street Corp raised its stake in shares of Federal Signal Corporation by 5.9% in the fourth quarter. State Street Corp now owns 1,571,764 shares of the conglomerate’s stock valued at $24,534,000 after buying an additional 87,609 shares during the period. 84.04% of the stock is owned by institutional investors.

Federal Signal Corporation (FSS) traded down 0.70% during midday trading on Thursday, hitting $18.37. The stock had a trading volume of 189,712 shares. The company has a market capitalization of $1.10 billion, a PE ratio of 30.62 and a beta of 1.37. The stock’s 50-day moving average is $17.61 and its 200-day moving average is $15.75. Federal Signal Corporation has a 1-year low of $11.68 and a 1-year high of $18.64.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, August 11th. Federal Signal Corporation’s payout ratio is 45.16%.

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Several equities research analysts have issued reports on FSS shares. TheStreet raised Federal Signal Corporation from a “c” rating to a “b-” rating in a research note on Thursday, April 27th. Zacks Investment Research lowered Federal Signal Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, April 6th. Finally, BidaskClub raised Federal Signal Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Four investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $19.00.

In related news, VP Samuel Miceli sold 2,000 shares of Federal Signal Corporation stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $16.05, for a total transaction of $32,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul W. Jones sold 50,000 shares of Federal Signal Corporation stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $15.96, for a total transaction of $798,000.00. Following the transaction, the director now directly owns 72,901 shares in the company, valued at $1,163,499.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,900 shares of company stock worth $844,662. 4.20% of the stock is currently owned by corporate insiders.

Federal Signal Corporation 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.

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

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