Federal Signal Corporation (FSS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its position in Federal Signal Corporation (NYSE:FSS) by 5.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 884,253 shares of the conglomerate’s stock after selling 53,086 shares during the quarter. Bank of New York Mellon Corp owned 1.47% of Federal Signal worth $18,816,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. boosted its position in Federal Signal by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock valued at $137,000 after buying an additional 86 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in Federal Signal by 3.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 14,080 shares of the conglomerate’s stock valued at $244,000 after buying an additional 410 shares during the period. Texas Permanent School Fund boosted its position in Federal Signal by 1.0% during the second quarter. Texas Permanent School Fund now owns 43,651 shares of the conglomerate’s stock valued at $758,000 after buying an additional 412 shares during the period. Thrivent Financial For Lutherans boosted its position in Federal Signal by 0.6% during the second quarter. Thrivent Financial For Lutherans now owns 281,600 shares of the conglomerate’s stock valued at $4,889,000 after buying an additional 1,700 shares during the period. Finally, Bank of Montreal Can boosted its position in Federal Signal by 6.6% during the second quarter. Bank of Montreal Can now owns 29,692 shares of the conglomerate’s stock valued at $515,000 after buying an additional 1,830 shares during the period. 84.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Federal Signal Corporation (FSS) opened at $19.60 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.23 and a current ratio of 2.37. The firm has a market cap of $1,174.79, a PE ratio of 25.44 and a beta of 1.30. Federal Signal Corporation has a 1-year low of $13.07 and a 1-year high of $23.64.

Federal Signal (NYSE:FSS) last posted its earnings results on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.03. The company had revenue of $249.00 million during the quarter, compared to analyst estimates of $240.30 million. Federal Signal had a net margin of 5.30% and a return on equity of 11.39%. Federal Signal’s revenue for the quarter was up 33.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share. research analysts predict that Federal Signal Corporation will post 0.81 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.43%. Federal Signal’s dividend payout ratio is currently 38.36%.

In other Federal Signal news, Director James E. Goodwin sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $20.67, for a total value of $206,700.00. Following the completion of the sale, the director now directly owns 122,929 shares in the company, valued at $2,540,942.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brenda Reichelderfer sold 8,279 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $20.76, for a total transaction of $171,872.04. Following the completion of the sale, the director now owns 69,388 shares of the company’s stock, valued at $1,440,494.88. The disclosure for this sale can be found here. Insiders sold 110,172 shares of company stock valued at $2,338,207 over the last 90 days. 4.20% of the stock is currently owned by company insiders.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Federal Signal from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, August 31st. ValuEngine lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $22.50.

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About Federal Signal

Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.

Institutional Ownership by Quarter for Federal Signal (NYSE:FSS)

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