Federal Signal Corporation (NYSE:FSS – Get Free Report) VP Diane Bonina sold 14,856 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $130.44, for a total value of $1,937,816.64. Following the transaction, the vice president directly owned 15,689 shares of the company’s stock, valued at $2,046,473.16. The trade was a 48.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Diane Bonina also recently made the following trade(s):
- On Monday, August 3rd, Diane Bonina sold 4,408 shares of Federal Signal stock. The stock was sold at an average price of $128.75, for a total value of $567,530.00.
Federal Signal Stock Down 2.0%
Shares of FSS opened at $127.53 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.21 and a current ratio of 2.74. Federal Signal Corporation has a one year low of $101.18 and a one year high of $134.51. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 1.78 and a beta of 1.24. The stock has a 50 day moving average price of $118.36 and a 200 day moving average price of $115.25.
Federal Signal Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Friday, August 14th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, August 14th. Federal Signal’s dividend payout ratio is 12.93%.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. KeyCorp restated an “overweight” rating and set a $140.00 price target on shares of Federal Signal in a research report on Thursday, April 30th. DA Davidson increased their price objective on shares of Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Wall Street Zen lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings upgraded Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Finally, Zacks Research upgraded Federal Signal from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Federal Signal presently has a consensus rating of “Buy” and a consensus target price of $137.33.
Institutional Investors Weigh In On Federal Signal
Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in Federal Signal by 140.6% during the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 142 shares during the period. Palladiem LLC acquired a new position in Federal Signal in the 4th quarter valued at about $27,000. Physician Wealth Advisors Inc. grew its stake in shares of Federal Signal by 57.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate’s stock valued at $27,000 after buying an additional 91 shares during the period. Covestor Ltd grew its stake in shares of Federal Signal by 118.0% in the 4th quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock valued at $30,000 after buying an additional 151 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Federal Signal by 3,100.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock worth $30,000 after buying an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.
Federal Signal Company Profile
Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.
Federal Signal operates through two primary business segments.
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