Morgan Stanley decreased its stake in Federal Signal Corporation (NYSE:FSS) by 24.1% during the first quarter, Holdings Channel reports. The institutional investor owned 292,748 shares of the conglomerate’s stock after selling 92,791 shares during the period. Morgan Stanley’s holdings in Federal Signal Corporation were worth $4,044,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FSS. Karp Capital Management Corp bought a new stake in shares of Federal Signal Corporation during the first quarter valued at approximately $162,000. BNP Paribas Arbitrage SA raised its stake in shares of Federal Signal Corporation by 7.8% in the first quarter. BNP Paribas Arbitrage SA now owns 12,646 shares of the conglomerate’s stock valued at $175,000 after buying an additional 915 shares in the last quarter. Mason Street Advisors LLC raised its stake in shares of Federal Signal Corporation by 6.7% in the first quarter. Mason Street Advisors LLC now owns 13,965 shares of the conglomerate’s stock valued at $193,000 after buying an additional 875 shares in the last quarter. Teza Capital Management LLC bought a new stake in shares of Federal Signal Corporation during the first quarter valued at approximately $204,000. Finally, Trexquant Investment LP raised its stake in shares of Federal Signal Corporation by 11.6% in the first quarter. Trexquant Investment LP now owns 15,677 shares of the conglomerate’s stock valued at $216,000 after buying an additional 1,632 shares in the last quarter. Hedge funds and other institutional investors own 81.44% of the company’s stock.

Shares of Federal Signal Corporation (NYSE:FSS) traded down 0.66% during midday trading on Monday, reaching $18.17. 32,220 shares of the company traded hands. Federal Signal Corporation has a 12 month low of $11.68 and a 12 month high of $20.13. The company has a 50 day moving average of $17.96 and a 200 day moving average of $15.91. The firm has a market capitalization of $1.09 billion, a P/E ratio of 27.74 and a beta of 1.37.

Federal Signal Corporation (NYSE:FSS) last released its earnings results on Tuesday, August 8th. The conglomerate reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The firm had revenue of $224.40 million for the quarter, compared to analysts’ expectations of $206.53 million. Federal Signal Corporation had a net margin of 5.20% and a return on equity of 10.59%. Federal Signal Corporation’s quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the company earned $0.17 EPS. On average, equities research analysts predict that Federal Signal Corporation will post $0.79 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, August 11th. This represents a $0.28 annualized dividend and a yield of 1.53%. Federal Signal Corporation’s payout ratio is 42.42%.

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Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Thursday. KeyCorp upgraded shares of Federal Signal Corporation from a “sector weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a research note on Tuesday, May 9th. Finally, BidaskClub upgraded shares of Federal Signal Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Four equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $20.50.

In other Federal Signal Corporation news, VP Samuel Miceli sold 2,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $16.05, for a total transaction of $32,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul W. Jones sold 50,000 shares of the firm’s stock in a transaction dated 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 approximately $1,163,499.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,900 shares of company stock worth $844,662. 4.20% of the stock is owned by corporate insiders.

About Federal Signal Corporation

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.

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

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