Federal Signal (NYSE:FSS) Lowered to “Sell” at ValuEngine

ValuEngine cut shares of Federal Signal (NYSE:FSS) from a hold rating to a sell rating in a research note published on Tuesday morning, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Federal Signal from a hold rating to a buy rating and set a $37.00 target price on the stock in a research report on Tuesday, November 5th.

FSS stock opened at $32.16 on Tuesday. The business has a 50 day moving average price of $32.99 and a 200 day moving average price of $29.63. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 22.49 and a beta of 1.57. Federal Signal has a fifty-two week low of $18.59 and a fifty-two week high of $35.75. The company has a quick ratio of 1.17, a current ratio of 2.32 and a debt-to-equity ratio of 0.45.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Federal Signal had a net margin of 9.37% and a return on equity of 18.45%. The company had revenue of $308.80 million for the quarter, compared to analyst estimates of $309.06 million. During the same period in the prior year, the firm posted $0.36 earnings per share. The firm’s revenue was up 14.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Federal Signal will post 1.74 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.32 annualized dividend and a yield of 1.00%. Federal Signal’s dividend payout ratio is presently 22.38%.

In other news, VP Svetlana Vinokur sold 10,818 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.30, for a total transaction of $349,421.40. Following the transaction, the vice president now directly owns 23,774 shares in the company, valued at $767,900.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ian A. Hudson sold 45,087 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $32.04, for a total transaction of $1,444,587.48. Following the transaction, the chief financial officer now owns 48,974 shares in the company, valued at $1,569,126.96. The disclosure for this sale can be found here. Insiders sold 95,905 shares of company stock valued at $3,137,209 in the last 90 days. 4.00% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its stake in shares of Federal Signal by 1.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 23,730 shares of the conglomerate’s stock valued at $635,000 after purchasing an additional 400 shares during the last quarter. Arizona State Retirement System raised its position in Federal Signal by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 93,520 shares of the conglomerate’s stock worth $2,502,000 after buying an additional 732 shares during the last quarter. First Trust Advisors LP raised its position in Federal Signal by 50.6% during the 2nd quarter. First Trust Advisors LP now owns 269,223 shares of the conglomerate’s stock worth $7,202,000 after buying an additional 90,418 shares during the last quarter. Alpha Windward LLC acquired a new stake in shares of Federal Signal in the 2nd quarter worth $524,000. Finally, KBC Group NV acquired a new stake in shares of Federal Signal in the 2nd quarter worth $319,000. Hedge funds and other institutional investors own 90.22% of the company’s stock.

Federal Signal Company Profile

Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.

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