Teachers Advisors LLC Sells 7,631 Shares of Federal Signal Corporation (FSS)
Teachers Advisors LLC reduced its stake in Federal Signal Corporation (NYSE:FSS) by 7.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,971 shares of the conglomerate’s stock after selling 7,631 shares during the period. Teachers Advisors LLC owned 0.16% of Federal Signal Corporation worth $1,325,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Federal Signal Corporation by 37.0% in the first quarter. JPMorgan Chase & Co. now owns 495,635 shares of the conglomerate’s stock valued at $6,845,000 after buying an additional 133,773 shares during the last quarter. First Trust Advisors LP increased 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 valued at $6,969,000 after buying an additional 113,517 shares during the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of Federal Signal Corporation during the first quarter valued at about $609,000. AlphaOne Investment Services LLC increased its stake in shares of Federal Signal Corporation by 13.9% in the first quarter. AlphaOne Investment Services LLC now owns 258,406 shares of the conglomerate’s stock valued at $3,569,000 after buying an additional 31,580 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Federal Signal Corporation by 6.0% in the first quarter. Principal Financial Group Inc. now owns 467,808 shares of the conglomerate’s stock valued at $6,460,000 after buying an additional 26,432 shares during the last quarter. Institutional investors own 83.71% of the company’s stock.
Federal Signal Corporation (NYSE FSS) remained flat at $18.30 during mid-day trading on Monday. 20,867 shares of the company traded hands. The company has a 50 day moving average of $18.27 and a 200-day moving average of $16.10. The stock has a market cap of $1.10 billion, a PE ratio of 27.94 and a beta of 1.37. Federal Signal Corporation has a 52 week low of $11.68 and a 52 week high of $20.13.
Federal Signal Corporation (NYSE:FSS) last released its quarterly earnings data on Tuesday, August 8th. The conglomerate reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. Federal Signal Corporation had a net margin of 5.20% and a return on equity of 10.59%. The company had revenue of $224.40 million during the quarter, compared to the consensus estimate of $206.53 million. During the same period in the previous year, the firm earned $0.17 earnings per share. Federal Signal Corporation’s revenue for the quarter was up 30.2% on a year-over-year basis. On average, equities analysts forecast that Federal Signal Corporation will post $0.79 earnings per share for the current year.
The firm also recently disclosed 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 of this dividend is Friday, August 11th. This represents a $0.28 annualized dividend and a yield of 1.53%. Federal Signal Corporation’s dividend payout ratio is currently 42.42%.
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Several analysts have issued reports on FSS shares. Zacks Investment Research raised shares of Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, May 2nd. BidaskClub raised shares of Federal Signal Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Four research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of $20.50.
In other Federal Signal Corporation news, VP Samuel Miceli sold 2,000 shares of the business’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.20% of the stock is owned by 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.
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