SG Americas Securities LLC Sells 31,718 Shares of Federal Signal Co. (NYSE:FSS)

SG Americas Securities LLC reduced its position in Federal Signal Co. (NYSE:FSS) by 78.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,574 shares of the conglomerate’s stock after selling 31,718 shares during the quarter. SG Americas Securities LLC’s holdings in Federal Signal were worth $801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Federal Signal by 34.6% in the first quarter. GAMMA Investing LLC now owns 662 shares of the conglomerate’s stock worth $56,000 after purchasing an additional 170 shares during the period. Point72 DIFC Ltd purchased a new position in shares of Federal Signal in the second quarter worth $62,000. Covestor Ltd lifted its holdings in shares of Federal Signal by 223.6% in the first quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock worth $76,000 after buying an additional 617 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Federal Signal in the second quarter worth $84,000. Finally, Mather Group LLC. purchased a new position in shares of Federal Signal in the first quarter worth $85,000. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Price Performance

FSS stock opened at $92.29 on Friday. Federal Signal Co. has a one year low of $57.05 and a one year high of $102.18. The company’s fifty day moving average price is $91.20 and its 200-day moving average price is $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. 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 released its earnings results on Thursday, July 25th. The conglomerate reported $0.95 EPS for the quarter, topping the consensus estimate of $0.84 by $0.11. Federal Signal had a net margin of 11.16% and a return on equity of 18.31%. The firm had revenue of $490.40 million for the quarter, compared to the consensus estimate of $487.74 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities analysts anticipate that Federal Signal Co. will post 3.24 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a dividend of $0.12 per share. 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 payout ratio is 14.59%.

Insider Activity at Federal Signal

In related news, Director Brenda Reichelderfer sold 25,685 shares of the company’s stock in a transaction 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 sale, the director now owns 57,417 shares of the company’s stock, valued at $5,339,206.83. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is owned by insiders.

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.