Federal Signal Co. (FSS) Lifted to “Hold” at Zacks Investment Research
Federal Signal Co. (NYSE:FSS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.
According to Zacks, “Federal Signal Corporation is a manufacturer and worldwide supplier of safety, signaling and communications equipment, hazardous area lighting, fire rescue products, street sweeping and vacuum loader vehicles, parking control equipment, custom on-premise signage, carbide cutting tools, precision punches and related die components. “
Separately, Seaport Global Securities raised Federal Signal from an “accumulate” rating to a “buy” rating in a research report on Wednesday, February 1st.
Federal Signal (NYSE:FSS) traded down 1.60% during midday trading on Monday, hitting $14.17. The stock had a trading volume of 164,580 shares. The stock has a market cap of $846.25 million, a P/E ratio of 19.90 and a beta of 1.53. The company has a 50-day moving average price of $15.09 and a 200-day moving average price of $14.56. Federal Signal has a 52 week low of $11.68 and a 52 week high of $16.65.
Federal Signal (NYSE:FSS) last released its quarterly earnings results on Tuesday, February 28th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The business earned $176.10 million during the quarter, compared to analyst estimates of $189.80 million. Federal Signal had a return on equity of 11.98% and a net margin of 5.95%. Federal Signal’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. Equities analysts expect that Federal Signal will post $0.74 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, March 8th. Federal Signal’s payout ratio is currently 40.58%.
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A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Federal Signal by 3.7% in the third quarter. BlackRock Inc. now owns 17,234 shares of the company’s stock worth $228,000 after buying an additional 609 shares during the last quarter. Airain ltd bought a new stake in Federal Signal during the third quarter worth approximately $167,000. JPMorgan Chase & Co. raised its stake in Federal Signal by 32.8% in the third quarter. JPMorgan Chase & Co. now owns 839,625 shares of the company’s stock worth $11,134,000 after buying an additional 207,562 shares during the last quarter. Granite Investment Partners LLC bought a new stake in Federal Signal during the third quarter worth approximately $5,998,000. Finally, UBS Asset Management Americas Inc. raised its stake in Federal Signal by 11.6% in the third quarter. UBS Asset Management Americas Inc. now owns 42,200 shares of the company’s stock worth $560,000 after buying an additional 4,400 shares during the last quarter. 84.52% of the stock is owned by institutional investors and hedge funds.
Federal Signal Company Profile
Federal Signal Corporation designs and manufactures products and integrated solutions for municipal governmental industrial and commercial customers. The Company operates through two segments: Environmental Solutions Group, and Safety and Security Systems Group. Environmental Solutions Group is manufacturer and supplier of a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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