Federal Signal Co. (NYSE:FSS) Short Interest Up 9.4% in September

Federal Signal Co. (NYSE:FSS) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,390,000 shares, an increase of 9.4% from the September 15th total of 1,270,000 shares. Currently, 2.3% of the shares of the company are short sold. Based on an average daily volume of 361,700 shares, the days-to-cover ratio is currently 3.8 days.

Insider Activity at Federal Signal

In other news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 57,417 shares in the company, valued at approximately $5,339,206.83. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Federal Signal

A number of large investors have recently added to or reduced their stakes in FSS. V Square Quantitative Management LLC acquired a new stake in Federal Signal during the 3rd quarter valued at $29,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Federal Signal in the third quarter valued at $256,000. Creative Planning boosted its stake in shares of Federal Signal by 19.8% during the third quarter. Creative Planning now owns 30,203 shares of the conglomerate’s stock valued at $2,823,000 after acquiring an additional 4,984 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in Federal Signal during the 3rd quarter worth about $284,000. Finally, CWM LLC raised its stake in Federal Signal by 23.1% in the 3rd quarter. CWM LLC now owns 1,171 shares of the conglomerate’s stock valued at $109,000 after purchasing an additional 220 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Stock Performance

Shares of FSS stock traded up $0.66 during trading hours on Thursday, reaching $94.18. 158,731 shares of the company’s stock were exchanged, compared to its average volume of 339,013. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 1.35. Federal Signal has a 1 year low of $57.05 and a 1 year high of $102.18. The company has a market cap of $5.76 billion, a P/E ratio of 28.62 and a beta of 0.93. The company’s 50 day moving average is $91.31 and its two-hundred day moving average is $88.51.

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

Federal Signal Announces Dividend

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