Point72 Asset Management L.P. Has $301,000 Holdings in Federal Signal Co. (NYSE:FSS)

Point72 Asset Management L.P. cut its stake in Federal Signal Co. (NYSE:FSS) by 16.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,600 shares of the conglomerate’s stock after selling 700 shares during the period. Point72 Asset Management L.P.’s holdings in Federal Signal were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FSS. Millennium Management LLC boosted its stake in Federal Signal by 77.8% in the 2nd quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate’s stock worth $37,298,000 after purchasing an additional 195,017 shares during the period. Driehaus Capital Management LLC boosted its stake in Federal Signal by 20.3% in the 2nd quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock worth $76,340,000 after purchasing an additional 153,765 shares during the period. PineStone Asset Management Inc. acquired a new position in Federal Signal in the 2nd quarter worth $11,982,000. F M Investments LLC acquired a new position in Federal Signal in the 2nd quarter worth $11,058,000. Finally, Vanguard Group Inc. boosted its stake in Federal Signal by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 6,786,204 shares of the conglomerate’s stock worth $575,945,000 after purchasing an additional 106,899 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Price Performance

Shares of NYSE FSS opened at $90.70 on Friday. The firm has a market cap of $5.55 billion, a PE ratio of 30.64 and a beta of 0.93. The company has a current ratio of 2.89, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23. Federal Signal Co. has a 1-year low of $57.05 and a 1-year high of $102.18. The company has a fifty day moving average price of $91.79 and a 200 day moving average price of $88.00.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $0.95 EPS for the quarter, topping 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 firm had revenue of $490.40 million for the quarter, compared to analysts’ expectations of $487.74 million. During the same period in the previous year, the firm posted $0.67 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Research analysts predict that Federal Signal Co. will post 3.24 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.12 dividend. 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 0.53%. Federal Signal’s payout ratio is 16.22%.

Insider Activity

In other 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 sale, the director now directly owns 57,417 shares of the company’s stock, valued at approximately $5,339,206.83. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by insiders.

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.