Federal Signal Co. (NYSE:FSS) Short Interest Up 21.0% in September

Federal Signal Co. (NYSE:FSS) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 1,270,000 shares, a growth of 21.0% from the August 31st total of 1,050,000 shares. Based on an average daily trading volume, of 362,100 shares, the short-interest ratio is presently 3.5 days. Approximately 2.1% of the shares of the stock are short sold.

Insider Buying and Selling

In related news, Director Brenda Reichelderfer sold 25,685 shares of the company’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 value of $2,388,448.15. Following the transaction, the director now directly owns 57,417 shares in the company, valued at $5,339,206.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Federal Signal

Several large investors have recently modified their holdings of the stock. Parallel Advisors LLC grew its position in Federal Signal by 28.1% during the 4th quarter. Parallel Advisors LLC now owns 638 shares of the conglomerate’s stock valued at $49,000 after purchasing an additional 140 shares during the last quarter. 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 valued at $56,000 after buying an additional 170 shares during 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 holdings in Federal Signal by 223.6% in the 1st quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock worth $76,000 after acquiring an additional 617 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Federal Signal in the 2nd quarter worth approximately $84,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Federal Signal Trading Up 0.5 %

Shares of FSS traded up $0.46 during mid-day trading on Monday, hitting $93.46. 455,611 shares of the company’s stock traded hands, compared to its average volume of 346,369. The business’s 50-day moving average price is $92.27 and its 200-day moving average price is $87.60. Federal Signal has a 1 year low of $57.05 and a 1 year high of $102.18. The firm has a market capitalization of $5.72 billion, a P/E ratio of 31.69 and a beta of 0.94. 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 (NYSE:FSS) last announced its earnings results on Thursday, July 25th. The conglomerate reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $487.74 million. During the same quarter in the previous year, the firm posted $0.67 EPS. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Federal Signal will post 3.24 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.51%. Federal Signal’s dividend payout ratio is currently 16.22%.

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.