Federal Signal (FSS) Downgraded by ValuEngine

ValuEngine downgraded shares of Federal Signal (NYSE:FSS) from a buy rating to a hold rating in a research report released on Friday.

Separately, Zacks Investment Research lowered shares of Federal Signal from a buy rating to a hold rating in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Federal Signal has an average rating of Buy and an average price target of $22.50.

Federal Signal (NYSE FSS) opened at $20.99 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.37 and a quick ratio of 1.23. Federal Signal has a 1 year low of $13.07 and a 1 year high of $23.64. The company has a market cap of $1,259.66, a P/E ratio of 27.27 and a beta of 1.30.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. Federal Signal had a net margin of 5.30% and a return on equity of 11.39%. The company had revenue of $249.00 million during the quarter, compared to analyst estimates of $240.30 million. During the same period last year, the business earned $0.17 earnings per share. Federal Signal’s revenue was up 33.4% compared to the same quarter last year. analysts predict that Federal Signal will post 0.81 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.28 annualized dividend and a yield of 1.33%. Federal Signal’s payout ratio is presently 38.36%.

In other Federal Signal news, Director Brenda Reichelderfer sold 45,721 shares of Federal Signal stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $20.76, for a total transaction of $949,167.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis J. Martin sold 45,172 shares of Federal Signal stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $21.90, for a total transaction of $989,266.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,172 shares of company stock valued at $2,338,207. 4.20% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in FSS. IFP Advisors Inc raised its stake in shares of Federal Signal by 12,320.0% during the second quarter. IFP Advisors Inc now owns 6,831 shares of the conglomerate’s stock worth $119,000 after acquiring an additional 6,776 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Federal Signal during the third quarter worth approximately $120,000. Pinebridge Investments L.P. raised its stake in shares of Federal Signal by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock worth $137,000 after acquiring an additional 86 shares in the last quarter. First Quadrant L P CA purchased a new position in shares of Federal Signal during the third quarter worth approximately $187,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Federal Signal by 79.2% during the second quarter. State of Alaska Department of Revenue now owns 11,807 shares of the conglomerate’s stock worth $204,000 after acquiring an additional 5,217 shares in the last quarter. Institutional investors and hedge funds own 84.12% of the company’s stock.

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About Federal Signal

Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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