Federal Signal (NYSE:FSS) Hits New 12-Month Low - Here's What Happened

Federal Signal Co. (NYSE:FSS - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $73.05 and last traded at $74.24, with a volume of 15945 shares trading hands. The stock had previously closed at $75.18.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Raymond James reaffirmed an "outperform" rating and issued a $110.00 target price on shares of Federal Signal in a research report on Tuesday, December 24th. StockNews.com lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st.

Federal Signal Stock Down 2.3 %

The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $86.86 and a 200-day simple moving average of $90.59. The stock has a market cap of $4.35 billion, a P/E ratio of 20.65, a PEG ratio of 1.85 and a beta of 1.02.

Federal Signal (NYSE:FSS - Get Free Report) last announced its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm had revenue of $472.00 million for the quarter, compared to the consensus estimate of $481.90 million. Analysts expect that Federal Signal Co. will post 3.34 EPS for the current year.

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Federal Signal Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were paid a dividend of $0.14 per share. This is an increase from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.56 annualized dividend and a yield of 0.79%. Federal Signal's dividend payout ratio is presently 15.95%.

Insiders Place Their Bets

In other news, CEO Jennifer L. Sherman bought 1,250 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $82.32 per share, with a total value of $102,900.00. Following the completion of the transaction, the chief executive officer now directly owns 559,183 shares in the company, valued at $46,031,944.56. This represents a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.30% of the company's stock.

Institutional Trading of Federal Signal

Several institutional investors have recently modified their holdings of FSS. CoreCap Advisors LLC lifted its position in Federal Signal by 19.9% in the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after purchasing an additional 145 shares during the period. Mather Group LLC. lifted its holdings in shares of Federal Signal by 20.1% during the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock worth $82,000 after acquiring an additional 149 shares during the period. Arizona State Retirement System lifted its holdings in shares of Federal Signal by 0.9% during the 4th quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate's stock worth $1,640,000 after acquiring an additional 152 shares during the period. Albion Financial Group UT boosted its position in shares of Federal Signal by 1.3% during the 4th quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate's stock valued at $1,120,000 after acquiring an additional 153 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Federal Signal by 37.4% in the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock valued at $56,000 after acquiring an additional 165 shares during the period. Institutional investors and hedge funds own 92.73% of the company's stock.

Federal Signal Company Profile

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.