Paradigm Capital Management Inc. NY Sells 20,000 Shares of Federal Signal Co. (NYSE:FSS)

Paradigm Capital Management Inc. NY cut its holdings in shares of Federal Signal Co. (NYSE:FSS) by 22.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,000 shares of the conglomerate’s stock after selling 20,000 shares during the quarter. Paradigm Capital Management Inc. NY’s holdings in Federal Signal were worth $5,857,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Federated Hermes Inc. increased its stake in Federal Signal by 0.6% during the 2nd quarter. Federated Hermes Inc. now owns 20,311 shares of the conglomerate’s stock worth $1,699,000 after acquiring an additional 121 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Federal Signal by 4.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,996 shares of the conglomerate’s stock worth $251,000 after purchasing an additional 130 shares during the period. Parallel Advisors LLC raised its stake in Federal Signal by 28.1% in the fourth quarter. Parallel Advisors LLC now owns 638 shares of the conglomerate’s stock valued at $49,000 after purchasing an additional 140 shares in the last quarter. GAMMA Investing LLC raised its stake in Federal Signal by 34.6% in the first quarter. GAMMA Investing LLC now owns 662 shares of the conglomerate’s stock valued at $56,000 after purchasing an additional 170 shares in the last quarter. Finally, Xponance Inc. lifted its position in Federal Signal by 4.9% during the second quarter. Xponance Inc. now owns 3,812 shares of the conglomerate’s stock worth $319,000 after purchasing an additional 178 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Brenda Reichelderfer sold 25,685 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the sale, the director now owns 57,417 shares of the company’s stock, valued at approximately $5,339,206.83. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.10% of the stock is owned by corporate insiders.

Federal Signal Stock Up 0.4 %

Shares of FSS opened at $91.91 on Tuesday. The firm has a 50 day simple moving average of $92.41 and a two-hundred day simple moving average of $87.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 1.35. Federal Signal Co. has a one year low of $57.05 and a one year high of $102.18. The company has a market cap of $5.62 billion, a P/E ratio of 31.05 and a beta of 0.94.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. The company had revenue of $490.40 million for the quarter, compared to the consensus estimate of $487.74 million. Federal Signal had a net margin of 11.16% and a return on equity of 18.31%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $0.67 EPS. Research analysts forecast that Federal Signal Co. will post 3.24 EPS for the current fiscal year.

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. Federal Signal’s dividend payout ratio (DPR) is presently 16.22%.

Wall Street Analyst Weigh In

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

Federal Signal 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.