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

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

Other equities analysts have also recently issued reports about the company. Raymond James reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Federal Signal in a research note on Tuesday, December 24th. DA Davidson cut their price objective on 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 Trading Down 1.4 %

Shares of FSS stock opened at $80.16 on Friday. Federal Signal has a 52-week low of $76.85 and a 52-week high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The company has a market capitalization of $4.90 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.85 and a beta of 1.01. The business’s fifty day moving average is $94.72 and its 200 day moving average is $92.59.

Federal Signal (NYSE:FSS) last released its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. The business had revenue of $472.00 million for the quarter, compared to analysts’ expectations of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. On average, equities research analysts anticipate that Federal Signal will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

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

Insider Buying and Selling

In other news, CEO Jennifer L. Sherman bought 1,250 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the transaction, the chief executive officer now owns 559,183 shares of the company’s stock, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.10% of the stock is owned by insiders.

Institutional Trading of Federal Signal

A number of large investors have recently made changes to their positions in FSS. CoreCap Advisors LLC lifted its stake in shares of Federal Signal by 19.9% during the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate’s stock worth $81,000 after acquiring an additional 145 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock valued at $82,000 after acquiring an additional 149 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Federal Signal by 0.9% in the fourth quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate’s stock worth $1,640,000 after buying an additional 152 shares during the last quarter. Albion Financial Group UT raised its stake in Federal Signal by 1.3% in the 4th quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate’s stock worth $1,120,000 after acquiring an additional 153 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Federal Signal by 37.4% during the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock worth $56,000 after purchasing an additional 165 shares during the period. 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.