Zacks Investment Research lowered shares of Federal Signal Corporation (NYSE:FSS) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

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, BidaskClub upgraded Federal Signal Corporation from a hold rating to a buy rating in a report on Tuesday, July 11th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $20.50.

Federal Signal Corporation (NYSE:FSS) traded up 1.36% during mid-day trading on Wednesday, reaching $19.34. The company had a trading volume of 99,251 shares. The firm has a market capitalization of $1.16 billion, a P/E ratio of 29.53 and a beta of 1.36. Federal Signal Corporation has a one year low of $11.68 and a one year high of $20.13. The firm’s 50-day moving average is $18.46 and its 200-day moving average is $16.37.

Federal Signal Corporation (NYSE:FSS) last issued its quarterly earnings results on Tuesday, August 8th. The conglomerate reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Federal Signal Corporation had a return on equity of 10.59% and a net margin of 5.20%. The firm had revenue of $224.40 million for the quarter, compared to analyst estimates of $206.53 million. During the same period in the previous year, the firm earned $0.17 earnings per share. The company’s revenue was up 30.2% compared to the same quarter last year. On average, equities research analysts anticipate that Federal Signal Corporation will post $0.79 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Tuesday, August 15th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.28 annualized dividend and a dividend yield of 1.47%. Federal Signal Corporation’s dividend payout ratio is 42.42%.

A number of institutional investors have recently made changes to their positions in FSS. Teachers Advisors LLC grew its holdings in Federal Signal Corporation by 2.0% during the fourth quarter. Teachers Advisors LLC now owns 103,602 shares of the conglomerate’s stock worth $1,617,000 after buying an additional 2,015 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in Federal Signal Corporation by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 24,300 shares of the conglomerate’s stock worth $336,000 after buying an additional 200 shares in the last quarter. Nationwide Fund Advisors grew its holdings in Federal Signal Corporation by 5.0% during the first quarter. Nationwide Fund Advisors now owns 96,237 shares of the conglomerate’s stock worth $1,329,000 after buying an additional 4,573 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Federal Signal Corporation by 1.8% during the first quarter. Wells Fargo & Company MN now owns 164,490 shares of the conglomerate’s stock worth $2,272,000 after buying an additional 2,977 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in Federal Signal Corporation by 4.6% during the first quarter. Great West Life Assurance Co. Can now owns 82,954 shares of the conglomerate’s stock worth $1,145,000 after buying an additional 3,639 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Federal Signal Corporation Company Profile

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.

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