Oregon Public Employees Retirement Fund Sells 1,500 Shares of Federal Signal Co. (NYSE:FSS)

Oregon Public Employees Retirement Fund lessened its holdings in shares of Federal Signal Co. (NYSE:FSS) by 9.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,812 shares of the conglomerate’s stock after selling 1,500 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Federal Signal were worth $1,239,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FSS. Envestnet Portfolio Solutions Inc. grew its holdings in Federal Signal by 4.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,996 shares of the conglomerate’s stock worth $251,000 after acquiring an additional 130 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Federal Signal by 28.1% during the fourth quarter. Parallel Advisors LLC now owns 638 shares of the conglomerate’s stock worth $49,000 after purchasing an additional 140 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Federal Signal by 34.6% during the first quarter. GAMMA Investing LLC now owns 662 shares of the conglomerate’s stock valued at $56,000 after purchasing an additional 170 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Federal Signal by 2.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,339 shares of the conglomerate’s stock valued at $530,000 after purchasing an additional 180 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Federal Signal by 3.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,853 shares of the conglomerate’s stock worth $526,000 after purchasing an additional 244 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Insider Buying and Selling

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $92.99, for a total value of $2,388,448.15. Following the transaction, the director now owns 57,417 shares of the company’s stock, valued at $5,339,206.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is owned by insiders.

Federal Signal Stock Performance

Shares of NYSE:FSS opened at $83.28 on Monday. The company has a current ratio of 2.89, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23. Federal Signal Co. has a 1-year low of $56.37 and a 1-year high of $102.18. The stock has a market capitalization of $5.09 billion, a P/E ratio of 28.14 and a beta of 0.94. The business has a 50-day moving average price of $91.99 and a two-hundred day moving average price of $86.68.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11. Federal Signal had a net margin of 11.16% and a return on equity of 18.31%. The business had revenue of $490.40 million during the quarter, compared to the consensus estimate of $487.74 million. During the same period in the previous year, the firm posted $0.67 earnings per share. Federal Signal’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities analysts predict that Federal Signal Co. will post 3.24 earnings per share for the current year.

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.48 annualized dividend and a dividend yield of 0.58%. Federal Signal’s dividend payout ratio is currently 16.22%.

Wall Street Analysts Forecast Growth

Separately, William Blair started coverage on Federal Signal in a research report on Friday, May 31st. They issued an “outperform” rating on the stock.

Federal Signal Profile

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.