Federal Signal (NYSE:FSS) Upgraded by StockNews.com to Buy Rating

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

A number of other equities analysts have also weighed in on FSS. Raymond James reissued an “outperform” rating and set a $110.00 price objective on shares of Federal Signal in a research note on Tuesday, December 24th. DA Davidson lowered their price target 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 Trading Down 1.4 %

Shares of FSS opened at $92.66 on Friday. Federal Signal has a 52-week low of $71.29 and a 52-week high of $102.18. The stock has a market cap of $5.66 billion, a PE ratio of 26.86 and a beta of 0.99. The firm’s fifty day moving average is $92.03 and its two-hundred day moving average is $91.03. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19.

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, topping analysts’ consensus estimates of $0.84 by $0.04. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. During the same period in the previous year, the business posted $0.71 earnings per share. Federal Signal’s quarterly revenue was up 6.2% on a year-over-year basis. Research analysts forecast that Federal Signal will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend 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 13.91%.

Hedge Funds Weigh In On Federal Signal

Several large investors have recently modified their holdings of FSS. V Square Quantitative Management LLC purchased a new stake in Federal Signal in the 3rd quarter valued at about $29,000. Quarry LP increased its position in shares of Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $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 3rd quarter valued at approximately $46,000. Point72 DIFC Ltd acquired a new position in shares of Federal Signal in the 2nd quarter worth approximately $62,000. Finally, Millburn Ridgefield Corp purchased a new position in shares of Federal Signal during the 3rd quarter worth approximately $70,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

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.