Albion Financial Group UT Sells 271 Shares of Federal Signal Co. (NYSE:FSS)

Albion Financial Group UT cut its holdings in shares of Federal Signal Co. (NYSE:FSS) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,973 shares of the conglomerate’s stock after selling 271 shares during the quarter. Albion Financial Group UT’s holdings in Federal Signal were worth $1,119,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in Federal Signal by 34.6% in the 1st quarter. GAMMA Investing LLC now owns 662 shares of the conglomerate’s stock valued at $56,000 after purchasing an additional 170 shares during the period. Point72 DIFC Ltd bought a new stake in Federal Signal in the 2nd quarter valued at about $62,000. Covestor Ltd grew its position in shares of Federal Signal by 223.6% during the 1st quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock worth $76,000 after purchasing an additional 617 shares in the last quarter. Mather Group LLC. bought a new stake in Federal Signal during the first quarter worth about $85,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Federal Signal during the 2nd quarter worth $84,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Insiders Place Their Bets

In other news, Director Brenda Reichelderfer sold 25,685 shares of Federal Signal stock in a transaction 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 completion of the sale, the director now owns 57,417 shares in the company, valued at $5,339,206.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.10% of the stock is currently owned by corporate insiders.

Federal Signal Stock Performance

NYSE FSS opened at $90.17 on Friday. The firm’s fifty day moving average price is $91.23 and its two-hundred day moving average price is $88.22. The stock has a market cap of $5.51 billion, a PE ratio of 27.41 and a beta of 0.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.35 and a current ratio of 2.89. Federal Signal Co. has a fifty-two week low of $57.05 and a fifty-two 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, 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 company had revenue of $490.40 million for the quarter, compared to analysts’ expectations of $487.74 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. Federal Signal’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities analysts expect that Federal Signal Co. will post 3.24 EPS for the current fiscal year.

Federal Signal Announces Dividend

The company also recently announced 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 0.53%. The ex-dividend date was Friday, August 16th. Federal Signal’s dividend payout ratio is presently 14.59%.

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.