RPg Family Wealth Advisory LLC Trims Holdings in Federal Signal Co. (NYSE:FSS)

RPg Family Wealth Advisory LLC reduced its stake in Federal Signal Co. (NYSE:FSS) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,924 shares of the conglomerate’s stock after selling 175 shares during the quarter. Federal Signal makes up approximately 2.4% of RPg Family Wealth Advisory LLC’s investment portfolio, making the stock its 14th largest position. RPg Family Wealth Advisory LLC owned about 0.14% of Federal Signal worth $7,273,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Federal Signal in the 4th quarter valued at approximately $239,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Federal Signal during the fourth quarter worth $279,000. Norges Bank purchased a new stake in Federal Signal in the fourth quarter valued at $52,130,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Federal Signal in the 4th quarter valued at $810,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Federal Signal by 3.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,853 shares of the conglomerate’s stock valued at $526,000 after purchasing an additional 244 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Stock Performance

NYSE:FSS opened at $88.94 on Wednesday. Federal Signal Co. has a fifty-two week low of $57.05 and a fifty-two week high of $102.18. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.35 and a current ratio of 2.89. The company has a 50 day moving average price of $92.28 and a 200 day moving average price of $86.89. The stock has a market capitalization of $5.43 billion, a P/E ratio of 30.05 and a beta of 0.94.

Federal Signal (NYSE:FSS) last announced its earnings results on Thursday, July 25th. The conglomerate reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. The company had revenue of $490.40 million during the quarter, compared to analysts’ expectations of $487.74 million. Federal Signal had a return on equity of 18.31% and a net margin of 11.16%. Federal Signal’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the business posted $0.67 EPS. Equities research analysts forecast that Federal Signal Co. will post 3.24 EPS for the current year.

Federal Signal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a $0.12 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.48 annualized dividend and a dividend yield of 0.54%. Federal Signal’s dividend payout ratio (DPR) is 16.22%.

Insider Transactions at Federal Signal

In related news, Director Brenda Reichelderfer sold 25,685 shares of Federal Signal stock in a transaction on 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 completion of 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 is available at the SEC website. Corporate insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, William Blair initiated coverage on shares of Federal Signal in a report on Friday, May 31st. They issued an “outperform” rating on the 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.