Paradigm Capital Management Inc. NY Has $5.86 Million Stock Holdings in Federal Signal Co. (NYSE:FSS)

Paradigm Capital Management Inc. NY decreased its position in Federal Signal Co. (NYSE:FSS) by 22.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 70,000 shares of the conglomerate’s stock after selling 20,000 shares during the period. Paradigm Capital Management Inc. NY owned about 0.11% of Federal Signal worth $5,857,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of FSS. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Federal Signal by 150.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 30,000 shares of the conglomerate’s stock valued at $2,546,000 after acquiring an additional 18,000 shares in the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of Federal Signal during the 1st quarter worth approximately $919,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Federal Signal during the 1st quarter worth approximately $917,000. Goldman Sachs Group Inc. boosted its holdings in shares of Federal Signal by 8.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 414,474 shares of the conglomerate’s stock valued at $31,807,000 after buying an additional 32,227 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Federal Signal by 23.2% in the fourth quarter. First Trust Advisors LP now owns 432,897 shares of the conglomerate’s stock valued at $33,221,000 after buying an additional 81,622 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Trading Up 0.4 %

Shares of NYSE:FSS opened at $91.91 on Tuesday. Federal Signal Co. has a 52-week low of $57.05 and a 52-week high of $102.18. 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 company has a market capitalization of $5.62 billion, a P/E ratio of 31.05 and a beta of 0.94. The company has a 50-day simple moving average of $92.41 and a 200 day simple moving average of $87.20.

Federal Signal (NYSE:FSS) last released its quarterly earnings data 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. The company had revenue of $490.40 million during the quarter, compared to analysts’ expectations of $487.74 million. Federal Signal had a return on equity of 18.31% and a net margin of 11.16%. The business’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm posted $0.67 earnings per share. Sell-side analysts forecast that Federal Signal Co. will post 3.24 earnings per share for the current year.

Federal Signal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, August 16th. Federal Signal’s payout ratio is presently 16.22%.

Insider Transactions at Federal Signal

In related news, Director Brenda Reichelderfer sold 25,685 shares of the company’s 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 transaction, the director now owns 57,417 shares in the company, valued at approximately $5,339,206.83. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, William Blair began coverage on shares of Federal Signal in a research note on Friday, May 31st. They issued an “outperform” rating for the company.

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.