2 weeks Ago By Defense World Staff
Federal Signal Co. ( NYSE:FSS – Get Free Report ) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 1,270,000 shares, an increase of 21.
0% from the August 31st total of 1,050,000 shares. Based on an average trading volume of 362,100 shares, the days-to-cover ratio is currently 3.5 days.
Approximately 2.1% of the company’s stock are sold short. Federal Signal Stock Performance Shares of FSS stock traded up $0.
46 during mid-day trading on Monday, hitting $93.46. 458,351 shares of the stock were exchanged, compared to its average volume of 346,369.
Federal Signal has a 12-month low of $57.05 and a 12-month 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 stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 31.
69 and a beta of 0.94. The stock’s fifty day simple moving average is $92.
27 and its two-hundred day simple moving average is $87.60. Federal Signal ( NYSE:FSS – Get Free Report ) last released its quarterly earnings results on Thursday, July 25th.
The conglomerate reported $0.95 EPS for the quarter, topping the consensus estimate of $0.84 by $0.
11. The company had revenue of $490.40 million for the quarter, compared to analyst estimates of $487.
74 million. Federal Signal had a return on equity of 18.31% and a net margin of 11.
16%. The firm’s revenue was up 10.8% compared to the same quarter last year.
During the same quarter in the previous year, the company posted $0.67 earnings per share. On average, analysts forecast that Federal Signal will post 3.
24 EPS for the current year. Federal Signal Announces Dividend Insider Activity In related news, Director Brenda Reichelderfer sold 25,685 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was 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 $5,339,206.
83. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website . Company insiders own 3.
10% of the company’s stock. Institutional Inflows and Outflows A number of institutional investors have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund grew its position in Federal Signal by 150.
0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 30,000 shares of the conglomerate’s stock valued at $2,546,000 after buying an additional 18,000 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of Federal Signal in the first quarter valued at about $919,000.
Susquehanna Fundamental Investments LLC purchased a new position in Federal Signal in the 1st quarter valued at approximately $917,000. Goldman Sachs Group Inc. raised its holdings in Federal Signal by 8.
4% during the fourth quarter. Goldman Sachs Group Inc. now owns 414,474 shares of the conglomerate’s stock worth $31,807,000 after purchasing an additional 32,227 shares during the last quarter.
Finally, First Trust Advisors LP boosted its position in Federal Signal by 23.2% during the fourth quarter. First Trust Advisors LP now owns 432,897 shares of the conglomerate’s stock worth $33,221,000 after purchasing an additional 81,622 shares in the last quarter.
Institutional investors and hedge funds own 92.73% of the company’s stock. About Federal Signal ( Get Free Report ) 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.
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