Federal Signal (FSS) Upgraded at ValuEngine
ValuEngine upgraded shares of Federal Signal (NYSE:FSS) from a hold rating to a buy rating in a report released on Wednesday.
A number of other research analysts also recently weighed in on the stock. Sidoti assumed coverage on shares of Federal Signal in a research report on Tuesday, February 20th. They issued a neutral rating for the company. Zacks Investment Research raised shares of Federal Signal from a hold rating to a strong-buy rating and set a $22.00 target price for the company in a research report on Tuesday, February 6th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $21.00.
Shares of Federal Signal (NYSE:FSS) traded up $0.64 during trading hours on Wednesday, hitting $21.70. 333,381 shares of the company were exchanged, compared to its average volume of 338,539. Federal Signal has a fifty-two week low of $13.07 and a fifty-two week high of $23.64. The company has a current ratio of 2.59, a quick ratio of 1.23 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1,267.80, a price-to-earnings ratio of 21.27 and a beta of 1.18.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Monday, March 5th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Friday, March 2nd. Federal Signal’s dividend payout ratio (DPR) is currently 27.45%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC grew its position in Federal Signal by 8.4% in the second quarter. Voya Investment Management LLC now owns 30,158 shares of the conglomerate’s stock valued at $524,000 after purchasing an additional 2,338 shares in the last quarter. American International Group Inc. grew its position in shares of Federal Signal by 5.8% in the 3rd quarter. American International Group Inc. now owns 46,850 shares of the conglomerate’s stock valued at $997,000 after acquiring an additional 2,556 shares during the period. Nationwide Fund Advisors grew its position in shares of Federal Signal by 4.4% in the 3rd quarter. Nationwide Fund Advisors now owns 98,419 shares of the conglomerate’s stock valued at $2,094,000 after acquiring an additional 4,124 shares during the period. Stanley Laman Group Ltd. grew its position in shares of Federal Signal by 2.5% in the 4th quarter. Stanley Laman Group Ltd. now owns 202,265 shares of the conglomerate’s stock valued at $4,063,000 after acquiring an additional 4,838 shares during the period. Finally, Scotia Capital Inc. grew its position in shares of Federal Signal by 5.3% in the 4th quarter. Scotia Capital Inc. now owns 96,021 shares of the conglomerate’s stock valued at $1,929,000 after acquiring an additional 4,852 shares during the period. 84.88% of the stock is owned by institutional investors and hedge funds.
Federal Signal 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.