Federal Signal Co. (NYSE:FSS) Shares Sold by Raymond James & Associates

Raymond James & Associates cut its holdings in shares of Federal Signal Co. (NYSE:FSS) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,152 shares of the conglomerate’s stock after selling 2,611 shares during the period. Raymond James & Associates owned 0.15% of Federal Signal worth $8,799,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FSS. V Square Quantitative Management LLC acquired a new position in Federal Signal in the third quarter valued at $29,000. Point72 DIFC Ltd purchased a new position in shares of Federal Signal during the second quarter worth about $62,000. Covestor Ltd grew its holdings in shares of Federal Signal by 223.6% during the first quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock worth $76,000 after buying an additional 617 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Federal Signal in the 2nd quarter valued at about $84,000. Finally, GAMMA Investing LLC lifted its position in Federal Signal by 60.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,062 shares of the conglomerate’s stock worth $89,000 after acquiring an additional 400 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Trading Down 1.4 %

Shares of FSS stock opened at $84.57 on Wednesday. Federal Signal Co. has a twelve month low of $57.29 and a twelve month 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 business’s 50 day moving average is $90.15 and its two-hundred day moving average is $88.65. The company has a market capitalization of $5.17 billion, a P/E ratio of 26.01 and a beta of 0.93.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.48 annualized dividend and a yield of 0.57%. Federal Signal’s dividend payout ratio is currently 14.59%.

Insiders Place Their Bets

In other news, Director Brenda Reichelderfer sold 25,685 shares of Federal Signal 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 owns 57,417 shares of the company’s stock, valued at $5,339,206.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is owned by insiders.

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.