Anchor Investment Management LLC Has $137,000 Stock Position in Federal Signal Co. (NYSE:FSS)

Anchor Investment Management LLC trimmed its stake in Federal Signal Co. (NYSE:FSS) by 10.9% in the second quarter, Holdings Channel.com reports. The firm owned 1,632 shares of the conglomerate’s stock after selling 200 shares during the quarter. Anchor Investment Management LLC’s holdings in Federal Signal were worth $137,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FSS. Millennium Management LLC lifted its position in shares of Federal Signal by 77.8% in the second quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate’s stock worth $37,298,000 after purchasing an additional 195,017 shares in the last quarter. Driehaus Capital Management LLC lifted its position in shares of Federal Signal by 20.3% in the second quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock worth $76,340,000 after purchasing an additional 153,765 shares in the last quarter. PineStone Asset Management Inc. purchased a new stake in shares of Federal Signal in the second quarter worth approximately $11,982,000. F M Investments LLC purchased a new stake in shares of Federal Signal in the second quarter worth approximately $11,058,000. Finally, Vanguard Group Inc. lifted its position in shares of Federal Signal by 1.6% in the first quarter. Vanguard Group Inc. now owns 6,786,204 shares of the conglomerate’s stock worth $575,945,000 after purchasing an additional 106,899 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Price Performance

NYSE FSS opened at $90.70 on Friday. The company has a 50 day simple moving average of $91.79 and a 200-day simple moving average of $87.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 1.35. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 30.64 and a beta of 0.93. Federal Signal Co. has a 52-week low of $57.05 and a 52-week high of $102.18.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 earnings per share. Equities research analysts predict that Federal Signal Co. will post 3.24 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, August 16th. Federal Signal’s payout ratio is presently 16.22%.

Insider Activity at Federal Signal

In related news, Director Brenda Reichelderfer sold 25,685 shares of the firm’s 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 owns 57,417 shares of the company’s stock, valued at approximately $5,339,206.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.10% of the company’s 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.