Gamco Investors INC. ET AL reduced its position in Federal Signal Corporation (NYSE:FSS) by 0.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 916,091 shares of the conglomerate’s stock after selling 2,200 shares during the period. Gamco Investors INC. ET AL owned about 1.53% of Federal Signal Corporation worth $15,903,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FSS. BlackRock Inc. boosted its stake in shares of Federal Signal Corporation by 45,296.2% in the first quarter. BlackRock Inc. now owns 7,375,976 shares of the conglomerate’s stock worth $101,863,000 after buying an additional 7,359,728 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Federal Signal Corporation by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 5,032,340 shares of the conglomerate’s stock worth $69,496,000 after buying an additional 13,042 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Federal Signal Corporation by 5.2% in the first quarter. Vanguard Group Inc. now owns 3,093,986 shares of the conglomerate’s stock worth $42,728,000 after buying an additional 152,335 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Federal Signal Corporation by 43.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,394,279 shares of the conglomerate’s stock worth $33,065,000 after buying an additional 721,473 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Federal Signal Corporation by 29.0% in the first quarter. First Trust Advisors LP now owns 504,610 shares of the conglomerate’s stock worth $6,969,000 after buying an additional 113,517 shares in the last quarter. 81.44% of the stock is owned by institutional investors.

Federal Signal Corporation (NYSE:FSS) opened at 18.36 on Monday. The stock has a 50 day moving average price of $18.17 and a 200-day moving average price of $16.01. Federal Signal Corporation has a 1-year low of $11.68 and a 1-year high of $20.13. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 28.03 and a beta of 1.37.

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

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

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FSS has been the subject of a number of analyst reports. BidaskClub cut Federal Signal Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Zacks Investment Research raised Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, May 2nd. Finally, KeyCorp raised Federal Signal Corporation from a “sector weight” rating to an “overweight” rating and set a $20.00 price target for the company in a research report on Tuesday, May 9th. Four research analysts have rated the stock with a buy rating, Federal Signal Corporation currently has an average rating of “Buy” and a consensus target price of $20.50.

In related 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 value of $32,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the sale, the director now owns 72,901 shares of the company’s stock, valued at $1,163,499.96. The disclosure for this sale can be found here. Insiders sold a total of 52,900 shares of company stock valued at $844,662 in the last 90 days. 4.20% of the stock is 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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