AQR Capital Management LLC lowered its position in shares of Federal Signal Corporation (NYSE:FSS) by 21.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,874 shares of the conglomerate’s stock after selling 42,865 shares during the period. AQR Capital Management LLC owned about 0.27% of Federal Signal Corporation worth $2,207,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Trust Advisors LP raised its position in Federal Signal Corporation by 29.0% in the first quarter. First Trust Advisors LP now owns 504,610 shares of the conglomerate’s stock worth $6,969,000 after buying an additional 113,517 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Federal Signal Corporation by 4.6% in the first quarter. Great West Life Assurance Co. Can now owns 82,954 shares of the conglomerate’s stock valued at $1,145,000 after buying an additional 3,639 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Federal Signal Corporation by 1.8% in the first quarter. Wells Fargo & Company MN now owns 164,490 shares of the conglomerate’s stock valued at $2,272,000 after buying an additional 2,977 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Federal Signal Corporation by 5.0% in the first quarter. Nationwide Fund Advisors now owns 96,237 shares of the conglomerate’s stock valued at $1,329,000 after buying an additional 4,573 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Federal Signal Corporation by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 24,300 shares of the conglomerate’s stock valued at $336,000 after buying an additional 200 shares during the last quarter. 83.15% of the stock is owned by institutional investors and hedge funds.
Federal Signal Corporation (NYSE:FSS) traded up 0.22% during trading on Monday, hitting $18.58. The stock had a trading volume of 120,721 shares. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 30.41 and a beta of 1.37. Federal Signal Corporation has a 12 month low of $11.68 and a 12 month high of $18.64. The stock has a 50 day moving average price of $17.61 and a 200-day moving average price of $15.75.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, August 11th. Federal Signal Corporation’s payout ratio is 45.16%.
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A number of analysts recently weighed in on FSS shares. BidaskClub upgraded Federal Signal Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research downgraded Federal Signal Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. KeyCorp upgraded Federal Signal Corporation from a “sector weight” rating to an “overweight” rating and set a $20.00 target price for the company in a research report on Tuesday, May 9th. Finally, TheStreet upgraded Federal Signal Corporation from a “c” rating to a “b-” rating in a research report on Thursday, April 27th. Four analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $19.00.
In related news, VP Samuel Miceli sold 2,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $16.05, for a total transaction of $32,100.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Paul W. Jones sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $15.96, for a total value of $798,000.00. Following the transaction, the director now directly owns 72,901 shares in the company, valued at approximately $1,163,499.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,900 shares of company stock worth $844,662. Corporate insiders own 4.20% of the company’s stock.
Federal Signal Corporation Company Profile
Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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