Federal Signal (NYSE:FSS) Hits New 1-Year High at $40.05

Federal Signal Co. (NYSE:FSS)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $40.05 and last traded at $39.99, with a volume of 1573 shares changing hands. The stock had previously closed at $39.54.

Separately, Raymond James started coverage on Federal Signal in a report on Wednesday, December 16th. They set a “market perform” rating for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Federal Signal presently has a consensus rating of “Hold” and a consensus price target of $35.33.

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 2.63. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 1.24 and a beta of 1.11. The firm has a 50-day moving average price of $37.80 and a two-hundred day moving average price of $33.68.

Federal Signal (NYSE:FSS) last issued its earnings results on Thursday, February 25th. The conglomerate reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $294.80 million for the quarter, compared to analyst estimates of $291.57 million. Federal Signal had a return on equity of 16.12% and a net margin of 8.68%. The business’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.48 EPS. Research analysts anticipate that Federal Signal Co. will post 1.64 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Friday, March 19th were given a dividend of $0.09 per share. This is a positive change from Federal Signal’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, March 18th. This represents a $0.36 annualized dividend and a yield of 0.93%. Federal Signal’s payout ratio is 20.11%.

In other Federal Signal news, CEO Jennifer L. Sherman sold 65,031 shares of Federal Signal stock in a transaction that occurred on Friday, March 5th. The stock was sold at an average price of $36.44, for a total transaction of $2,369,729.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.90% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSS. Arrowstreet Capital Limited Partnership purchased a new position in shares of Federal Signal in the 3rd quarter valued at approximately $2,831,000. Cetera Advisor Networks LLC grew its stake in shares of Federal Signal by 245.1% in the 3rd quarter. Cetera Advisor Networks LLC now owns 8,540 shares of the conglomerate’s stock valued at $250,000 after purchasing an additional 6,065 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Federal Signal by 3.7% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 74,909 shares of the conglomerate’s stock valued at $2,191,000 after purchasing an additional 2,680 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Federal Signal by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 598,298 shares of the conglomerate’s stock valued at $17,501,000 after purchasing an additional 10,271 shares during the last quarter. Finally, Weld Capital Management LLC purchased a new position in shares of Federal Signal in the 3rd quarter valued at approximately $209,000. 87.62% of the stock is currently owned by institutional investors.

Federal Signal Company Profile (NYSE:FSS)

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.

Featured Story: What is the accumulation/distribution indicator?

Receive News & Ratings for Federal Signal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Signal and related companies with MarketBeat.com's FREE daily email newsletter.