Federal Signal (NYSE:FSS) Sets New 12-Month Low - Here's Why

Federal Signal Co. (NYSE:FSS - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $76.13 and last traded at $76.29, with a volume of 89645 shares. The stock had previously closed at $78.94.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FSS. Raymond James reaffirmed an "outperform" rating and set a $110.00 price objective on shares of Federal Signal in a report on Tuesday, December 24th. StockNews.com downgraded shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st.

Federal Signal Stock Down 4.2 %

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The firm has a market capitalization of $4.62 billion, a P/E ratio of 21.97, a PEG ratio of 1.85 and a beta of 1.03. The firm's 50-day moving average is $92.93 and its 200 day moving average is $91.94.

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Federal Signal (NYSE:FSS - Get Free Report) last issued its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.87. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The company had revenue of $472.00 million for the quarter, compared to analysts' expectations of $481.90 million. As a group, equities research analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, March 14th. This is an increase from Federal Signal's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.74%. Federal Signal's dividend payout ratio is 15.95%.

Insider Buying and Selling

In related news, CEO Jennifer L. Sherman acquired 1,250 shares of the stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the purchase, the chief executive officer now directly owns 559,183 shares of the company's stock, valued at $46,031,944.56. The trade was a 0.22 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Federal Signal

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

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