Point72 Hong Kong Ltd Purchases Shares of 3,495 Federal Signal Co. (NYSE:FSS)

Point72 Hong Kong Ltd purchased a new stake in Federal Signal Co. (NYSE:FSS) during the second quarter, Holdings Channel reports. The firm purchased 3,495 shares of the conglomerate’s stock, valued at approximately $292,000.

Other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC grew its position 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 acquiring an additional 140 shares during the period. GAMMA Investing LLC grew its holdings in shares of Federal Signal by 34.6% during 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 last quarter. Point72 DIFC Ltd bought a new stake in shares of Federal Signal during the second quarter worth $62,000. Covestor Ltd grew its holdings in shares of Federal Signal by 223.6% during the first quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock worth $76,000 after purchasing an additional 617 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in shares of Federal Signal during the first quarter worth $85,000. 92.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Federal Signal

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $92.99, for a total value of $2,388,448.15. Following the transaction, the director now owns 57,417 shares of the company’s stock, valued at $5,339,206.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.10% of the company’s stock.

Federal Signal Trading Down 0.2 %

Shares of FSS opened at $92.80 on Friday. 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 Co. has a 12-month low of $57.05 and a 12-month high of $102.18. The firm has a market capitalization of $5.67 billion, a PE ratio of 31.35 and a beta of 0.94. The stock’s fifty day simple moving average is $92.25 and its 200-day simple moving average is $87.33.

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

Federal Signal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a $0.12 dividend. 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 16.22%.

Wall Street Analysts Forecast Growth

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

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.