Federal Signal Corporation (NYSE:FSS – Get Free Report) VP Diane Bonina sold 4,408 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $128.75, for a total value of $567,530.00. Following the sale, the vice president owned 15,689 shares in the company, valued at approximately $2,019,958.75. This trade represents a 21.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 value of $1,937,816.64.
Federal Signal Price Performance
Shares of Federal Signal stock opened at $130.09 on Thursday. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 1.81 and a beta of 1.24. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.21 and a current ratio of 2.74. The stock has a 50 day moving average price of $118.08 and a 200-day moving average price of $115.16. Federal Signal Corporation has a one year low of $101.18 and a one year high of $134.51.
Federal Signal Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Friday, August 14th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. Federal Signal’s dividend payout ratio is currently 12.93%.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. KeyCorp restated an “overweight” rating and issued a $140.00 target price on shares of Federal Signal in a report on Thursday, April 30th. DA Davidson upped their price target on shares of Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Zacks Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Finally, Wall Street Zen lowered Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $137.33.
Read Our Latest Research Report on Federal Signal
Institutional Trading of Federal Signal
Institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its holdings in shares of Federal Signal by 140.6% in the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 142 shares during the last quarter. Palladiem LLC purchased a new position in Federal Signal in the 4th quarter worth about $27,000. Physician Wealth Advisors Inc. lifted its holdings in Federal Signal by 57.2% during the 1st quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate’s stock valued at $27,000 after buying an additional 91 shares in the last quarter. Covestor Ltd boosted its position in Federal Signal by 118.0% in the 4th quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock valued at $30,000 after buying an additional 151 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in Federal Signal by 3,100.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock valued at $30,000 after buying an additional 248 shares during the period. 92.73% of the stock is currently owned by institutional investors.
Federal Signal Company Profile
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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