Federal Signal Co. (NYSE:FSS) Shares Sold by RPg Family Wealth Advisory LLC

RPg Family Wealth Advisory LLC trimmed its holdings in shares of Federal Signal Co. (NYSE:FSS) by 0.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,924 shares of the conglomerate’s stock after selling 175 shares during the period. Federal Signal accounts for about 2.4% of RPg Family Wealth Advisory LLC’s holdings, making the stock its 14th largest holding. RPg Family Wealth Advisory LLC’s holdings in Federal Signal were worth $7,273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FSS. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Federal Signal by 150.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 30,000 shares of the conglomerate’s stock worth $2,546,000 after purchasing an additional 18,000 shares in the last quarter. UniSuper Management Pty Ltd acquired a new position in Federal Signal during the first quarter worth approximately $919,000. Susquehanna Fundamental Investments LLC purchased a new stake in Federal Signal in the first quarter valued at approximately $917,000. Goldman Sachs Group Inc. boosted its holdings in shares of Federal Signal by 8.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 414,474 shares of the conglomerate’s stock valued at $31,807,000 after acquiring an additional 32,227 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Federal Signal by 23.2% during the fourth quarter. First Trust Advisors LP now owns 432,897 shares of the conglomerate’s stock worth $33,221,000 after acquiring an additional 81,622 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Price Performance

Shares of FSS opened at $88.94 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.35 and a current ratio of 2.89. Federal Signal Co. has a fifty-two week low of $57.05 and a fifty-two week high of $102.18. The firm has a 50-day simple moving average of $92.28 and a 200-day simple moving average of $86.89. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 30.05 and a beta of 0.94.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11. Federal Signal had a return on equity of 18.31% and a net margin of 11.16%. The company had revenue of $490.40 million during the quarter, compared to analysts’ expectations of $487.74 million. During the same period last year, the firm earned $0.67 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities research analysts anticipate that Federal Signal Co. will post 3.24 earnings per share for the current year.

Federal Signal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.48 dividend on an annualized basis and a yield of 0.54%. Federal Signal’s payout ratio is currently 16.22%.

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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, William Blair initiated coverage on shares of Federal Signal in a research report on Friday, May 31st. They issued an “outperform” rating for the company.

Federal Signal Company Profile

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.