Navellier & Associates Inc reduced its position in shares of Federal Signal Co. (NYSE:FSS) by 8.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 114,677 shares of the conglomerate’s stock after selling 10,518 shares during the quarter. Navellier & Associates Inc owned about 0.19% of Federal Signal worth $3,128,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CFM Wealth Partners LLC acquired a new stake in shares of Federal Signal in the 4th quarter worth $34,000. Private Capital Group LLC acquired a new stake in Federal Signal during the 1st quarter worth about $39,000. PNC Financial Services Group Inc. lifted its position in Federal Signal by 17.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,301 shares of the conglomerate’s stock worth $106,000 after acquiring an additional 497 shares during the period. Belpointe Asset Management LLC acquired a new stake in Federal Signal during the 4th quarter worth about $110,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in Federal Signal during the 1st quarter worth about $109,000. Institutional investors own 90.91% of the company’s stock.
In other news, CEO Jennifer L. Sherman purchased 1,000 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $26.51 per share, for a total transaction of $26,510.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ian A. Hudson purchased 3,266 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $27.15 per share, for a total transaction of $88,671.90. Following the completion of the purchase, the chief financial officer now directly owns 50,355 shares of the company’s stock, valued at $1,367,138.25. The disclosure for this purchase can be found here. Corporate insiders own 3.90% of the company’s stock.
Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.06. The company had revenue of $286.10 million during the quarter, compared to analyst estimates of $299.78 million. Federal Signal had a return on equity of 18.86% and a net margin of 9.27%. Federal Signal’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 EPS. Equities analysts expect that Federal Signal Co. will post 1.53 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Thursday, May 14th. Federal Signal’s dividend payout ratio is presently 17.88%.
Several brokerages have recently issued reports on FSS. ValuEngine raised Federal Signal from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Zacks Investment Research cut Federal Signal from a “hold” rating to a “sell” rating in a report on Wednesday, May 27th. Finally, Sidoti cut Federal Signal from a “buy” rating to a “neutral” rating in a report on Thursday, April 30th. They noted that the move was a valuation call.
About Federal Signal
Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.
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