Federal Signal (NYSE:FSS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Federal Signal (NYSE:FSS – Get Rating) in a research note issued to investors on Thursday morning. The brokerage issued a hold rating on the conglomerate’s stock.

Other research analysts have also recently issued reports about the company. DA Davidson increased their price target on Federal Signal from $54.00 to $68.00 in a research note on Thursday, March 2nd. Raymond James increased their target price on Federal Signal from $57.00 to $68.00 and gave the company a strong-buy rating in a research report on Thursday, March 2nd. Finally, Sidoti cut Federal Signal from a buy rating to a neutral rating and set a $50.00 price target on the stock. in a report on Thursday, February 23rd. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Federal Signal currently has a consensus rating of Moderate Buy and a consensus price target of $59.25.

Federal Signal Price Performance

FSS stock opened at $50.54 on Thursday. The company has a quick ratio of 1.32, a current ratio of 2.94 and a debt-to-equity ratio of 0.42. Federal Signal has a 12 month low of $31.86 and a 12 month high of $58.15. The firm has a market cap of $3.07 billion, a P/E ratio of 25.65 and a beta of 1.07. The company’s 50-day moving average price is $52.73 and its two-hundred day moving average price is $47.26.

Federal Signal (NYSE:FSS – Get Rating) last announced its quarterly earnings results on Wednesday, March 1st. The conglomerate reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $391.50 million for the quarter, compared to analyst estimates of $379.69 million. Federal Signal had a net margin of 8.39% and a return on equity of 14.62%. The firm’s revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 EPS. On average, analysts anticipate that Federal Signal will post 2.29 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.71%. The ex-dividend date is Thursday, March 16th. Federal Signal’s payout ratio is presently 18.27%.

Hedge Funds Weigh In On Federal Signal

Hedge funds have recently made changes to their positions in the stock. Lakewood Asset Management LLC bought a new stake in Federal Signal in the fourth quarter valued at approximately $55,000. Macquarie Group Ltd. boosted its stake in shares of Federal Signal by 2.2% in the 4th quarter. Macquarie Group Ltd. now owns 2,301,792 shares of the conglomerate’s stock valued at $106,964,000 after purchasing an additional 49,743 shares during the last quarter. Truist Financial Corp increased its position in shares of Federal Signal by 0.5% during the fourth quarter. Truist Financial Corp now owns 80,396 shares of the conglomerate’s stock worth $3,736,000 after buying an additional 379 shares during the period. Point72 Middle East FZE bought a new position in Federal Signal during the fourth quarter worth $95,000. Finally, State of Wyoming lifted its holdings in Federal Signal by 22.2% in the fourth quarter. State of Wyoming now owns 5,142 shares of the conglomerate’s stock valued at $239,000 after buying an additional 933 shares during the period. 89.90% of the stock is currently owned by institutional investors.

Federal Signal Company Profile

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Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.