Federal Signal Corporation (NYSE:FSS – Get Free Report) VP Diane Bonina sold 4,408 shares of Federal Signal stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $128.75, for a total transaction of $567,530.00. Following the transaction, the vice president directly owned 15,689 shares in the company, valued at $2,019,958.75. This represents a 21.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Diane Bonina also recently made the following trade(s):
- On Tuesday, August 4th, Diane Bonina sold 14,856 shares of Federal Signal stock. The stock was sold at an average price of $130.44, for a total transaction of $1,937,816.64.
Federal Signal Stock Performance
Shares of NYSE FSS opened at $128.16 on Friday. The stock has a market cap of $7.82 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 1.75 and a beta of 1.24. Federal Signal Corporation has a 1 year low of $101.18 and a 1 year high of $134.51. The firm has a fifty day moving average price of $118.79 and a 200-day moving average price of $115.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.74 and a quick ratio of 1.21.
Federal Signal Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Friday, August 14th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, August 14th. Federal Signal’s payout ratio is presently 12.93%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on FSS shares. DA Davidson increased their target price on Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Zacks Research raised Federal Signal from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. KeyCorp restated an “overweight” rating and issued a $140.00 price target on shares of Federal Signal in a research note on Thursday, April 30th. Wall Street Zen lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $137.33.
View Our Latest Analysis on FSS
Institutional Investors Weigh In On Federal Signal
A number of hedge funds have recently made changes to their positions in FSS. BlackRock Inc. purchased a new stake in shares of Federal Signal during the 2nd quarter worth approximately $1,236,004,000. Wasatch Advisors LP purchased a new position in shares of Federal Signal in the third quarter valued at $174,476,000. Norges Bank bought a new stake in Federal Signal in the fourth quarter worth $98,257,000. Vaughan Nelson Investment Management L.P. bought a new stake in Federal Signal in the first quarter worth $57,749,000. Finally, Bank of New York Mellon Corp purchased a new stake in Federal Signal during the second quarter valued at $53,055,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.
About Federal Signal
Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.
Federal Signal operates through two primary business segments.
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