Federal Signal (NYSE:FSS) Sets New 52-Week High at $78.54

Federal Signal Co. (NYSE:FSSGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $78.54 and last traded at $78.38, with a volume of 221495 shares. The stock had previously closed at $77.10.

Analyst Ratings Changes

Separately, StockNews.com raised Federal Signal from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th.

Get Our Latest Stock Analysis on Federal Signal

Federal Signal Stock Performance

The company has a current ratio of 2.98, a quick ratio of 1.35 and a debt-to-equity ratio of 0.38. The firm has a 50-day simple moving average of $73.85 and a two-hundred day simple moving average of $65.44. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 32.95 and a beta of 1.04.

Federal Signal (NYSE:FSSGet Free Report) last issued its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. The business had revenue of $446.40 million for the quarter, compared to analyst estimates of $434.57 million. Federal Signal had a return on equity of 16.35% and a net margin of 8.74%. As a group, sell-side analysts forecast that Federal Signal Co. will post 2.51 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Mark Weber sold 56,944 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $64.67, for a total transaction of $3,682,568.48. Following the transaction, the chief operating officer now owns 47,857 shares of the company’s stock, valued at approximately $3,094,912.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.10% of the stock is currently owned by insiders.

Institutional Trading of Federal Signal

Several hedge funds have recently added to or reduced their stakes in FSS. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Federal Signal by 5.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,667 shares of the conglomerate’s stock worth $1,049,000 after acquiring an additional 712 shares during the period. Strs Ohio lifted its position in shares of Federal Signal by 39.0% in the 4th quarter. Strs Ohio now owns 5,700 shares of the conglomerate’s stock worth $437,000 after acquiring an additional 1,600 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Federal Signal in the 4th quarter worth approximately $2,341,000. Cerity Partners LLC bought a new stake in shares of Federal Signal in the 4th quarter worth approximately $313,000. Finally, Conestoga Capital Advisors LLC lifted its position in shares of Federal Signal by 2.4% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,350,214 shares of the conglomerate’s stock worth $103,615,000 after acquiring an additional 31,807 shares during the period. Institutional investors own 91.87% 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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