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 research note issued to investors on Friday.

Separately, DA Davidson dropped their price target 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 Price Performance

FSS opened at $91.80 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 company has a market cap of $5.61 billion, a price-to-earnings ratio of 26.61 and a beta of 0.99. The stock has a fifty day simple moving average of $92.00 and a two-hundred day simple moving average of $90.80. Federal Signal has a 12-month low of $71.29 and a 12-month high of $102.18.

Federal Signal (NYSE:FSS) last released its 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 the consensus estimate of $481.71 million. During the same period in the prior year, the firm earned $0.71 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. Research analysts predict that Federal Signal will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, November 15th. Federal Signal’s dividend payout ratio is presently 13.91%.

Institutional Trading of Federal Signal

Institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. lifted its stake in shares of Federal Signal by 0.6% in the second quarter. Federated Hermes Inc. now owns 20,311 shares of the conglomerate’s stock worth $1,699,000 after buying an additional 121 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Federal Signal by 4.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,996 shares of the conglomerate’s stock valued at $251,000 after purchasing an additional 130 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Federal Signal by 4.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate’s stock valued at $399,000 after purchasing an additional 169 shares during the last quarter. Xponance Inc. increased its holdings in shares of Federal Signal by 4.9% in the 2nd quarter. Xponance Inc. now owns 3,812 shares of the conglomerate’s stock worth $319,000 after purchasing an additional 178 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Federal Signal by 2.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,339 shares of the conglomerate’s stock valued at $530,000 after purchasing an additional 180 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other 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.