Park Avenue Securities LLC Sells 1,651 Shares of Federal Signal Co. (NYSE:FSS)

Park Avenue Securities LLC lowered its position in Federal Signal Co. (NYSE:FSS) by 30.1% in the 3rd quarter, Holdings Channel reports. The firm owned 3,829 shares of the conglomerate’s stock after selling 1,651 shares during the quarter. Park Avenue Securities LLC’s holdings in Federal Signal were worth $358,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Federal Signal by 34.6% during the first quarter. GAMMA Investing LLC now owns 662 shares of the conglomerate’s stock valued at $56,000 after acquiring an additional 170 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Federal Signal during the second quarter valued at approximately $62,000. Covestor Ltd raised its stake in shares of Federal Signal by 223.6% during the first quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock valued at $76,000 after acquiring an additional 617 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Federal Signal during the first quarter valued at approximately $85,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Federal Signal during the second quarter valued at approximately $84,000. Institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Performance

Federal Signal stock opened at $92.29 on Friday. The company has a 50 day moving average price of $91.20 and a 200-day moving average price of $88.29. 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 company has a market capitalization of $5.64 billion, a PE ratio of 28.05 and a beta of 0.93.

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 the consensus estimate of $0.84 by $0.11. The firm had revenue of $490.40 million during 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 company’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share. As a group, equities analysts forecast that Federal Signal Co. will post 3.24 earnings per share for the current year.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Friday, August 16th. Federal Signal’s payout ratio is 14.59%.

Insider Activity at Federal Signal

In related news, Director Brenda Reichelderfer sold 25,685 shares of Federal Signal stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the transaction, the director now directly owns 57,417 shares of the company’s stock, valued at $5,339,206.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 3.10% of the stock is currently owned by corporate insiders.

About Federal Signal

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.