Federal Signal Co. (NYSE:FSS) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its position in shares of Federal Signal Co. (NYSE:FSS) by 47.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,722 shares of the conglomerate’s stock after selling 19,282 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Federal Signal were worth $1,817,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Federal Signal during the 4th quarter worth about $52,130,000. Axiom Investors LLC DE raised its position in shares of Federal Signal by 189.5% during the 4th quarter. Axiom Investors LLC DE now owns 239,455 shares of the conglomerate’s stock worth $18,376,000 after buying an additional 156,755 shares in the last quarter. PineStone Asset Management Inc. bought a new stake in shares of Federal Signal during the 2nd quarter worth about $11,982,000. F M Investments LLC bought a new stake in shares of Federal Signal during the 2nd quarter worth about $11,058,000. Finally, Eagle Asset Management Inc. raised its position in shares of Federal Signal by 46.0% during the 4th quarter. Eagle Asset Management Inc. now owns 361,580 shares of the conglomerate’s stock worth $27,748,000 after buying an additional 113,955 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Stock Up 0.4 %

FSS stock opened at $91.91 on Tuesday. Federal Signal Co. has a 12 month low of $57.05 and a 12 month high of $102.18. The firm has a market cap of $5.62 billion, a PE ratio of 31.05 and a beta of 0.94. The firm has a 50 day simple moving average of $92.41 and a 200 day simple moving average of $87.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 1.35.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $0.95 EPS for the quarter, beating the consensus estimate of $0.84 by $0.11. The business had revenue of $490.40 million during the quarter, compared to the consensus estimate of $487.74 million. Federal Signal had a net margin of 11.16% and a return on equity of 18.31%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. Equities research analysts forecast that Federal Signal Co. will post 3.24 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.12 dividend. 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%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Federal Signal

In related news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction on Friday, August 30th. The stock was 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 directly owns 57,417 shares in the company, valued at $5,339,206.83. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 3.10% of the company’s stock.

About Federal Signal

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.