Federal Signal (NYSE:FSS) COO Sells $5,710,421.72 in Stock

Federal Signal Corporation (NYSE:FSS) COO Mark Weber sold 51,187 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $111.56, for a total transaction of $5,710,421.72. Following the completion of the sale, the chief operating officer directly owned 73,874 shares of the company’s stock, valued at approximately $8,241,383.44. This trade represents a 40.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Federal Signal Price Performance

Shares of NYSE:FSS traded up $2.00 during mid-day trading on Monday, reaching $112.71. The stock had a trading volume of 287,174 shares, compared to its average volume of 554,268. The company has a market cap of $6.85 billion, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 2.31 and a beta of 1.28. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $132.89. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average price is $121.11 and its 200 day moving average price is $111.44.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, October 30th. The conglomerate reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. The company had revenue of $555.00 million for the quarter, compared to the consensus estimate of $545.19 million. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 EPS. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. Research analysts expect that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 14th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, November 14th. Federal Signal’s dividend payout ratio is 14.62%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FSS. DA Davidson upped their price target on Federal Signal from $100.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. CJS Securities reiterated a “market perform” rating and set a $125.00 price target on shares of Federal Signal in a report on Thursday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of Federal Signal in a research note on Wednesday, October 8th. Finally, Raymond James Financial boosted their target price on Federal Signal from $120.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Federal Signal currently has an average rating of “Hold” and a consensus target price of $123.00.

Institutional Trading of Federal Signal

Several institutional investors have recently added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC increased its stake in Federal Signal by 14.7% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,340 shares of the conglomerate’s stock valued at $246,000 after buying an additional 427 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Federal Signal by 2.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 189,919 shares of the conglomerate’s stock worth $13,969,000 after purchasing an additional 5,017 shares during the last quarter. Xponance Inc. lifted its position in Federal Signal by 5.2% during the 1st quarter. Xponance Inc. now owns 4,540 shares of the conglomerate’s stock worth $334,000 after buying an additional 226 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in Federal Signal by 4.7% in the 1st quarter. Mutual of America Capital Management LLC now owns 104,238 shares of the conglomerate’s stock valued at $7,667,000 after buying an additional 4,684 shares during the last quarter. Finally, MQS Management LLC acquired a new position in Federal Signal during the 1st quarter valued at about $304,000. 92.73% of the stock is owned by institutional investors and hedge funds.

About Federal Signal

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.