Federal Signal Corporation (NYSE:FSS – Get Free Report) VP Diane Bonina sold 14,856 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $130.44, for a total transaction 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. This trade represents a 48.64% decrease in their position. The transaction 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 Price Performance
Shares of NYSE:FSS traded down $2.42 during mid-day trading on Wednesday, reaching $130.09. The stock had a trading volume of 360,215 shares, compared to its average volume of 491,897. The business’s 50 day moving average price is $117.80 and its 200 day moving average price is $115.07. Federal Signal Corporation has a 1 year low of $101.18 and a 1 year high of $134.51. The company has a market cap of $7.94 billion, a P/E ratio of 28.04, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30.
Federal Signal Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Friday, August 14th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, August 14th. Federal Signal’s payout ratio is currently 12.93%.
Hedge Funds Weigh In On Federal Signal
Institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP purchased a new stake in shares of Federal Signal in the third quarter valued at approximately $174,476,000. Norges Bank purchased a new position in Federal Signal during the 4th quarter worth $98,257,000. Vaughan Nelson Investment Management L.P. purchased a new position in Federal Signal during the 1st quarter worth $57,749,000. Invesco Ltd. raised its position in Federal Signal by 16.0% during the 3rd quarter. Invesco Ltd. now owns 1,967,348 shares of the conglomerate’s stock valued at $234,095,000 after purchasing an additional 271,878 shares in the last quarter. Finally, UBS Group AG raised its position in Federal Signal by 77.0% during the 3rd quarter. UBS Group AG now owns 609,582 shares of the conglomerate’s stock valued at $72,534,000 after purchasing an additional 265,145 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
FSS has been the topic of a number of research reports. KeyCorp restated an “overweight” rating and issued a $140.00 target price on shares of Federal Signal in a report on Thursday, April 30th. Weiss Ratings raised Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Zacks Research upgraded Federal Signal from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Wall Street Zen downgraded Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, DA Davidson lifted their price objective on shares of Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Federal Signal currently has an average rating of “Buy” and a consensus price target of $137.33.
Check Out Our Latest Stock Report on FSS
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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