Dimensional Fund Advisors LP Sells 71,902 Shares of Federal Signal Co. (NYSE:FSS)

Dimensional Fund Advisors LP reduced its stake in Federal Signal Co. (NYSE:FSS) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,662,591 shares of the conglomerate’s stock after selling 71,902 shares during the period. Dimensional Fund Advisors LP owned 2.72% of Federal Signal worth $139,110,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FSS. Envestnet Portfolio Solutions Inc. bought a new position in Federal Signal in the 4th quarter worth about $239,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Federal Signal during the fourth quarter valued at approximately $279,000. Norges Bank bought a new position in shares of Federal Signal during the fourth quarter valued at approximately $52,130,000. PNC Financial Services Group Inc. boosted its stake in shares of Federal Signal by 3.7% during the fourth 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. Finally, UBS Group AG boosted its stake in shares of Federal Signal by 14.2% during the fourth quarter. UBS Group AG now owns 285,099 shares of the conglomerate’s stock valued at $21,878,000 after purchasing an additional 35,485 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, William Blair initiated coverage on shares of Federal Signal in a research note on Friday, May 31st. They set an “outperform” rating on the stock.

Insider Activity at Federal Signal

In related news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the completion of the sale, the director now owns 57,417 shares of the company’s stock, valued at $5,339,206.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

Federal Signal Price Performance

NYSE FSS opened at $91.57 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.35 and a current ratio of 2.89. The firm’s 50 day moving average price is $92.45 and its 200-day moving average price is $87.07. Federal Signal Co. has a 52-week low of $57.05 and a 52-week high of $102.18. The company has a market cap of $5.60 billion, a PE ratio of 30.94 and a beta of 0.94.

Federal Signal (NYSE:FSS) last posted its earnings results on Thursday, July 25th. The conglomerate reported $0.95 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 company had revenue of $490.40 million during the quarter, compared to analysts’ expectations of $487.74 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. Federal Signal’s revenue for the quarter was up 10.8% compared to the same quarter last year. Sell-side analysts forecast that Federal Signal Co. will post 3.24 EPS for the current fiscal year.

Federal Signal Dividend Announcement

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

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.