Federal Signal Corporation (NYSE:FSS) Director Dennis J. Martin sold 45,172 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $21.90, for a total value of $989,266.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Federal Signal Corporation (NYSE FSS) opened at $20.71 on Friday. Federal Signal Corporation has a 52-week low of $13.07 and a 52-week high of $23.64. The stock has a market capitalization of $1,259.66, a P/E ratio of 27.27 and a beta of 1.32. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.37 and a quick ratio of 1.23.

Federal Signal Corporation (NYSE:FSS) last announced its earnings results on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.03. Federal Signal Corporation had a return on equity of 11.39% and a net margin of 5.30%. The company had revenue of $249.00 million for the quarter, compared to analyst estimates of $240.30 million. During the same period in the prior year, the company posted $0.17 EPS. Federal Signal Corporation’s quarterly revenue was up 33.4% on a year-over-year basis. equities research analysts anticipate that Federal Signal Corporation will post 0.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Monday, November 13th. Federal Signal Corporation’s payout ratio is 38.36%.

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Several institutional investors and hedge funds have recently made changes to their positions in FSS. JPMorgan Chase & Co. increased its holdings in shares of Federal Signal Corporation by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 267,119 shares of the conglomerate’s stock valued at $5,645,000 after acquiring an additional 9,467 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in shares of Federal Signal Corporation in the 3rd quarter valued at approximately $6,833,000. Nordea Investment Management AB bought a new stake in shares of Federal Signal Corporation in the 3rd quarter valued at approximately $419,000. American International Group Inc. increased its holdings in shares of Federal Signal Corporation by 5.8% in the 3rd quarter. American International Group Inc. now owns 46,850 shares of the conglomerate’s stock valued at $997,000 after acquiring an additional 2,556 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Federal Signal Corporation in the 3rd quarter valued at approximately $255,000. 83.55% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research raised Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Thursday, September 7th. Four equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $22.50.

About Federal Signal Corporation

Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.

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