3,999 Shares in Federal Signal Co. (NYSE:FSS) Acquired by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. purchased a new position in shares of Federal Signal Co. (NYSE:FSS) during the second quarter, Holdings Channel reports. The firm purchased 3,999 shares of the conglomerate’s stock, valued at approximately $256,000.

A number of other hedge funds have also recently added to or reduced their stakes in FSS. American Century Companies Inc. grew its stake in Federal Signal by 22.6% during the 1st quarter. American Century Companies Inc. now owns 9,851 shares of the conglomerate’s stock worth $332,000 after buying an additional 1,819 shares during the last quarter. Citigroup Inc. grew its stake in Federal Signal by 5.8% during the 1st quarter. Citigroup Inc. now owns 68,055 shares of the conglomerate’s stock worth $2,297,000 after buying an additional 3,713 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Federal Signal by 9.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,216 shares of the conglomerate’s stock worth $142,000 after buying an additional 376 shares during the last quarter. MetLife Investment Management LLC grew its stake in Federal Signal by 56.6% during the 1st quarter. MetLife Investment Management LLC now owns 32,782 shares of the conglomerate’s stock worth $1,106,000 after buying an additional 11,850 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Federal Signal by 17.8% during the 1st quarter. Rhumbline Advisers now owns 169,901 shares of the conglomerate’s stock worth $5,734,000 after buying an additional 25,702 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Federal Signal Stock Down 0.0 %

FSS opened at $59.64 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.05 and a quick ratio of 1.34. The business has a 50 day simple moving average of $60.50 and a 200-day simple moving average of $57.13. The stock has a market capitalization of $3.64 billion, a P/E ratio of 27.11 and a beta of 1.09. Federal Signal Co. has a 12 month low of $37.13 and a 12 month high of $65.33.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, July 27th. The conglomerate reported $0.67 EPS for the quarter, beating the consensus estimate of $0.63 by $0.04. The business had revenue of $442.40 million during the quarter, compared to analysts’ expectations of $430.13 million. Federal Signal had a return on equity of 15.62% and a net margin of 8.56%. On average, equities analysts anticipate that Federal Signal Co. will post 2.43 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were issued a $0.10 dividend. The ex-dividend date was Thursday, August 17th. This represents a $0.40 annualized dividend and a dividend yield of 0.67%. Federal Signal’s dividend payout ratio is currently 18.18%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Raymond James lifted their target price on Federal Signal from $68.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 20th. DA Davidson downgraded Federal Signal from a “buy” rating to a “neutral” rating and lowered their target price for the company from $68.00 to $66.00 in a research note on Monday, July 31st. Finally, StockNews.com assumed coverage on Federal Signal in a research note on Thursday, August 17th. They issued a “buy” rating on the stock.

Insider Activity

In other news, Director Dennis J. Martin sold 17,745 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $61.26, for a total value of $1,087,058.70. Following the completion of the sale, the director now directly owns 555,741 shares of the company’s stock, valued at approximately $34,044,693.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.10% of the company’s stock.

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.