Federal Signal Co. (NYSE:FSS) Short Interest Update

Federal Signal Co. (NYSE:FSSGet Free Report) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 651,000 shares, an increase of 8.8% from the May 15th total of 598,300 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 335,100 shares, the days-to-cover ratio is presently 1.9 days.

Analyst Upgrades and Downgrades

Separately, William Blair initiated coverage on Federal Signal in a research report on Friday, May 31st. They set an “outperform” rating for the company.

Read Our Latest Analysis on Federal Signal

Federal Signal Stock Down 0.0 %

FSS stock traded down $0.02 during trading hours on Tuesday, hitting $85.04. The company’s stock had a trading volume of 151,241 shares, compared to its average volume of 335,542. The company has a market capitalization of $5.20 billion, a PE ratio of 28.73 and a beta of 0.99. The stock has a 50 day moving average price of $85.08 and a two-hundred day moving average price of $80.57. The company has a quick ratio of 1.29, a current ratio of 2.82 and a debt-to-equity ratio of 0.26. Federal Signal has a 12 month low of $56.37 and a 12 month high of $92.90.

Federal Signal (NYSE:FSSGet Free Report) last posted its earnings results on Tuesday, April 30th. The conglomerate reported $0.64 EPS for the quarter, topping the consensus estimate of $0.55 by $0.09. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. The firm had revenue of $424.90 million for the quarter, compared to the consensus estimate of $425.58 million. During the same period in the prior year, the business posted $0.46 earnings per share. The business’s quarterly revenue was up 10.2% on a year-over-year basis. On average, equities research analysts expect that Federal Signal will post 3.08 earnings per share for the current year.

Federal Signal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 0.56%. Federal Signal’s payout ratio is currently 16.22%.

Hedge Funds Weigh In On Federal Signal

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSS. EULAV Asset Management boosted its holdings in Federal Signal by 28.0% during the first quarter. EULAV Asset Management now owns 169,003 shares of the conglomerate’s stock valued at $14,343,000 after acquiring an additional 37,000 shares during the period. Strategic Wealth Partners Ltd. bought a new stake in Federal Signal during the 1st quarter valued at approximately $310,000. Jane Street Group LLC grew its holdings in Federal Signal by 6.7% in the 1st quarter. Jane Street Group LLC now owns 47,030 shares of the conglomerate’s stock valued at $3,991,000 after buying an additional 2,947 shares during the last quarter. Vancity Investment Management Ltd increased its position in Federal Signal by 31.1% in the 1st quarter. Vancity Investment Management Ltd now owns 12,427 shares of the conglomerate’s stock worth $1,054,000 after buying an additional 2,950 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of Federal Signal by 197.5% during the first quarter. Janus Henderson Group PLC now owns 84,875 shares of the conglomerate’s stock worth $7,202,000 after buying an additional 56,347 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Company Profile

(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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