StockNews.com Upgrades Federal Signal (NYSE:FSS) to “Buy”

StockNews.com upgraded shares of Federal Signal (NYSE:FSS) from a hold rating to a buy rating in a report issued on Saturday morning.

FSS has been the subject of several other research reports. Raymond James reiterated an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a research note on Tuesday, December 24th. DA Davidson decreased their price target on Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th.

Federal Signal Price Performance

Shares of FSS opened at $92.19 on Friday. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average is $92.11 and its two-hundred day moving average is $91.11. Federal Signal has a twelve month low of $71.29 and a twelve month high of $102.18. The firm has a market capitalization of $5.63 billion, a PE ratio of 26.72 and a beta of 0.99.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $474.20 million for the quarter, compared to the consensus estimate of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. Research analysts anticipate that Federal Signal will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, November 15th. This represents a $0.48 annualized dividend and a yield of 0.52%. Federal Signal’s dividend payout ratio (DPR) is currently 13.91%.

Institutional Trading of Federal Signal

Several institutional investors and hedge funds have recently modified their holdings of FSS. V Square Quantitative Management LLC acquired a new position in shares of Federal Signal during the 3rd quarter worth approximately $29,000. Quarry LP raised its holdings in shares of Federal Signal by 73.5% in the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after acquiring an additional 183 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Federal Signal in the third quarter valued at $46,000. Point72 DIFC Ltd acquired a new stake in shares of Federal Signal during the second quarter valued at $62,000. Finally, Millburn Ridgefield Corp purchased a new stake in Federal Signal during the 3rd quarter worth about $70,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

About Federal Signal

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.