Federal Signal Co. (NYSE:FSS) Shares Sold by Anchor Investment Management LLC

Anchor Investment Management LLC decreased its stake in shares of Federal Signal Co. (NYSE:FSS) by 10.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,632 shares of the conglomerate’s stock after selling 200 shares during the period. Anchor Investment Management LLC’s holdings in Federal Signal were worth $137,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FSS. Millennium Management LLC increased its stake in Federal Signal by 77.8% during the 2nd quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate’s stock valued at $37,298,000 after buying an additional 195,017 shares during the period. Driehaus Capital Management LLC increased its stake in Federal Signal by 20.3% during the 2nd quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock valued at $76,340,000 after buying an additional 153,765 shares during the period. PineStone Asset Management Inc. acquired a new position in Federal Signal during the 2nd quarter valued at about $11,982,000. F M Investments LLC acquired a new position in Federal Signal during the 2nd quarter valued at about $11,058,000. Finally, Vanguard Group Inc. increased its stake in Federal Signal by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 6,786,204 shares of the conglomerate’s stock valued at $575,945,000 after buying an additional 106,899 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Insider Activity

In other news, Director Brenda Reichelderfer sold 25,685 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 57,417 shares in the company, valued at approximately $5,339,206.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.10% of the company’s stock.

Federal Signal Stock Up 0.6 %

Federal Signal stock opened at $90.70 on Friday. Federal Signal Co. has a 52 week low of $57.05 and a 52 week high of $102.18. 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 company’s 50-day moving average price is $91.79 and its two-hundred day moving average price is $87.95. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 30.64 and a beta of 0.93.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $0.95 earnings per share for the quarter, beating 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 company had revenue of $490.40 million during the quarter, compared to analyst estimates of $487.74 million. During the same quarter last year, the firm posted $0.67 EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts expect that Federal Signal Co. will post 3.24 EPS for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.48 annualized dividend and a dividend yield of 0.53%. Federal Signal’s dividend payout ratio (DPR) is 16.22%.

Federal Signal 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.