Point72 Asia Singapore Pte. Ltd. Lowers Stock Position in Federal Signal Co. (NYSE:FSS)

Point72 Asia Singapore Pte. Ltd. decreased its holdings in Federal Signal Co. (NYSE:FSS) by 63.8% in the 2nd quarter, Holdings Channel reports. The firm owned 2,287 shares of the conglomerate’s stock after selling 4,022 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Federal Signal were worth $191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of FSS. Vanguard Group Inc. boosted its stake in shares of Federal Signal by 1.6% during the first quarter. Vanguard Group Inc. now owns 6,786,204 shares of the conglomerate’s stock worth $575,945,000 after buying an additional 106,899 shares during the period. Global Alpha Capital Management Ltd. lifted its position in Federal Signal by 13.0% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 616,913 shares of the conglomerate’s stock worth $52,357,000 after acquiring an additional 71,200 shares during the period. Putnam Investments LLC grew its stake in shares of Federal Signal by 3.2% in the 4th quarter. Putnam Investments LLC now owns 524,962 shares of the conglomerate’s stock valued at $40,286,000 after purchasing an additional 16,049 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Federal Signal by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 524,869 shares of the conglomerate’s stock valued at $43,916,000 after purchasing an additional 11,685 shares during the period. Finally, First Trust Advisors LP raised its stake 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 purchasing an additional 81,622 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Brenda Reichelderfer sold 25,685 shares of the 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 completion of the transaction, the director now owns 57,417 shares in the company, valued at approximately $5,339,206.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

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

Federal Signal Trading Down 0.2 %

Shares of Federal Signal stock opened at $92.80 on Friday. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 31.35 and a beta of 0.94. Federal Signal Co. has a 52-week low of $57.05 and a 52-week high of $102.18. The company’s 50-day simple moving average is $92.25 and its 200-day simple moving average is $87.33. The company has a quick ratio of 1.35, a current ratio of 2.89 and a debt-to-equity ratio of 0.23.

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

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Friday, August 16th. Federal Signal’s dividend payout ratio (DPR) is currently 16.22%.

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.