Amalgamated Bank Reduces Stock Holdings in Federal Signal Co. (NYSE:FSS)

Amalgamated Bank lessened its stake in Federal Signal Co. (NYSE:FSS) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,629 shares of the conglomerate’s stock after selling 365 shares during the quarter. Amalgamated Bank’s holdings in Federal Signal were worth $1,559,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Federal Signal during the fourth quarter valued at about $52,130,000. PNC Financial Services Group Inc. raised its position in shares of Federal Signal by 3.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,853 shares of the conglomerate’s stock valued at $526,000 after purchasing an additional 244 shares in the last quarter. UBS Group AG boosted its stake in shares of Federal Signal by 14.2% during the 4th quarter. UBS Group AG now owns 285,099 shares of the conglomerate’s stock valued at $21,878,000 after buying an additional 35,485 shares during the last quarter. Parallel Advisors LLC boosted its stake in Federal Signal by 28.1% during the 4th quarter. Parallel Advisors LLC now owns 638 shares of the conglomerate’s stock valued at $49,000 after acquiring an additional 140 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its holdings in Federal Signal by 88,333.3% during the 4th quarter. TFO Wealth Partners LLC now owns 2,653 shares of the conglomerate’s stock worth $204,000 after acquiring an additional 2,650 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Stock Performance

FSS stock opened at $93.01 on Thursday. The firm has a market cap of $5.68 billion, a P/E ratio of 31.42 and a beta of 0.94. Federal Signal Co. has a 12-month low of $57.05 and a 12-month high of $102.18. The stock’s 50 day simple moving average is $92.25 and its 200 day simple moving average is $87.33. 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 (NYSE:FSS) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.11. Federal Signal had a net margin of 11.16% and a return on equity of 18.31%. The firm had revenue of $490.40 million for the quarter, compared to analyst estimates of $487.74 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. Federal Signal’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, equities research analysts predict that Federal Signal Co. will post 3.24 EPS for the current year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Friday, August 16th. Federal Signal’s payout ratio is currently 16.22%.

Analyst Ratings Changes

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

Insider Transactions at Federal Signal

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

Federal Signal Company 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.