Federal Signal (NYSE:FSS) Cut to Hold at StockNews.com

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

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

Federal Signal Stock Performance

Shares of NYSE FSS opened at $80.16 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 business has a fifty day simple moving average of $94.72 and a 200 day simple moving average of $92.59. Federal Signal has a one year low of $76.85 and a one year high of $102.18. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.85 and a beta of 1.01.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. The firm had revenue of $472.00 million during the quarter, compared to analyst estimates of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. Sell-side analysts expect that Federal Signal will post 3.34 EPS for the current year.

Federal Signal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a $0.14 dividend. This is a boost from Federal Signal’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, March 14th. Federal Signal’s dividend payout ratio is currently 15.95%.

Insiders Place Their Bets

In other Federal Signal news, CEO Jennifer L. Sherman acquired 1,250 shares of Federal Signal stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $82.32 per share, with a total value of $102,900.00. Following the completion of the purchase, the chief executive officer now directly owns 559,183 shares of the company’s stock, valued at $46,031,944.56. This represents a 0.22 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FSS. Barclays PLC boosted its holdings in Federal Signal by 338.7% in the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock valued at $13,569,000 after acquiring an additional 112,092 shares during the last quarter. First Hawaiian Bank lifted its position in shares of Federal Signal by 520.7% during the fourth quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate’s stock valued at $1,640,000 after purchasing an additional 14,891 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Federal Signal by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock worth $71,875,000 after buying an additional 31,517 shares during the last quarter. Quest Partners LLC grew its stake in Federal Signal by 4,025.9% in the 3rd quarter. Quest Partners LLC now owns 18,608 shares of the conglomerate’s stock valued at $1,739,000 after purchasing an additional 18,157 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Federal Signal by 17.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,430 shares of the conglomerate’s stock worth $14,246,000 after buying an additional 22,821 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

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.