Federal Signal Co. (NYSE:FSS) Director Dennis J. Martin Sells 20,000 Shares of Stock

Federal Signal Co. (NYSE:FSSGet Rating) Director Dennis J. Martin sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $49.17, for a total value of $983,400.00. Following the completion of the transaction, the director now directly owns 594,841 shares in the company, valued at $29,248,331.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Federal Signal Stock Up 0.6 %

Shares of NYSE FSS opened at $49.29 on Thursday. Federal Signal Co. has a 1 year low of $31.86 and a 1 year high of $50.56. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 28.66 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.23 and a current ratio of 2.82. The stock’s 50-day simple moving average is $43.77 and its 200-day simple moving average is $39.63.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.73%. The ex-dividend date is Thursday, November 17th. Federal Signal’s dividend payout ratio is currently 20.93%.

Analyst Upgrades and Downgrades

Several research analysts have commented on FSS shares. Raymond James raised their price objective on Federal Signal from $45.00 to $52.00 and gave the company a “strong-buy” rating in a research report on Thursday, October 20th. KeyCorp lifted their target price on Federal Signal from $44.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, August 22nd. StockNews.com raised Federal Signal from a “hold” rating to a “buy” rating in a research report on Friday, November 4th. Finally, DA Davidson lifted their target price on Federal Signal from $46.00 to $54.00 in a research report on Monday, November 7th.

Institutional Trading of Federal Signal

Several hedge funds and other institutional investors have recently bought and sold shares of FSS. William Blair Investment Management LLC bought a new stake in Federal Signal in the second quarter valued at about $40,020,000. FMR LLC increased its holdings in Federal Signal by 47.4% in the second quarter. FMR LLC now owns 3,003,680 shares of the conglomerate’s stock valued at $106,931,000 after buying an additional 965,940 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Federal Signal by 1,677.1% in the second quarter. Victory Capital Management Inc. now owns 481,416 shares of the conglomerate’s stock valued at $17,139,000 after buying an additional 454,326 shares during the last quarter. Fort Washington Investment Advisors Inc. OH bought a new stake in Federal Signal in the second quarter valued at about $12,281,000. Finally, Putnam Investments LLC increased its holdings in Federal Signal by 310.0% in the third quarter. Putnam Investments LLC now owns 452,713 shares of the conglomerate’s stock valued at $16,895,000 after buying an additional 342,289 shares during the last quarter. 91.47% of the stock is owned by institutional investors.

About Federal Signal

(Get Rating)

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.

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