Federal Signal (NYSE:FSS) Shares Down 3.3% – What’s Next?

Federal Signal Co. (NYSE:FSS) shares were down 3.3% on Friday . The company traded as low as $90.71 and last traded at $91.09. Approximately 97,785 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 337,785 shares. The stock had previously closed at $94.15.

Federal Signal Trading Down 5.7 %

The company has a current ratio of 2.89, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 29.99 and a beta of 0.93. The company has a fifty day simple moving average of $91.20 and a 200-day simple moving average of $88.61.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $0.95 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $487.74 million. During the same quarter in the previous year, the business earned $0.67 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. On average, research analysts forecast that Federal Signal Co. will post 3.24 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.54%. Federal Signal’s dividend payout ratio is 16.22%.

Insider Activity at Federal Signal

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of Federal Signal stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $92.99, for a total transaction 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new position in shares of Federal Signal during the 3rd quarter valued at $29,000. GAMMA Investing LLC increased its holdings in Federal Signal by 34.6% in the 1st quarter. GAMMA Investing LLC now owns 662 shares of the conglomerate’s stock valued at $56,000 after buying an additional 170 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Federal Signal in the 2nd quarter valued at $62,000. Covestor Ltd lifted its holdings in shares of Federal Signal by 223.6% during the 1st quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock worth $76,000 after acquiring an additional 617 shares during the period. Finally, Mather Group LLC. acquired a new stake in shares of Federal Signal during the 1st quarter valued at about $85,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

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.