Federal Signal (NYSE:FSS) Sets New 1-Year Low - What's Next?

Federal Signal Co. (NYSE:FSS - Get Free Report)'s share price hit a new 52-week low on Monday . The company traded as low as $66.47 and last traded at $69.59, with a volume of 296049 shares. The stock had previously closed at $71.37.

Wall Street Analysts Forecast Growth

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

Federal Signal Trading Up 2.7 %

The business's fifty day simple moving average is $82.85 and its two-hundred day simple moving average is $89.59. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $4.65 billion, a P/E ratio of 22.08, a P/E/G ratio of 1.85 and a beta of 1.11.

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

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Federal Signal Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.74%. 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. Federal Signal's dividend payout ratio (DPR) is presently 15.95%.

Insider Activity

In related news, CEO Jennifer L. Sherman purchased 1,250 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $82.32 per share, with a total value of $102,900.00. Following the purchase, 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FSS. California Public Employees Retirement System lifted its holdings in Federal Signal by 0.6% during the 4th quarter. California Public Employees Retirement System now owns 89,654 shares of the conglomerate's stock valued at $8,283,000 after purchasing an additional 514 shares during the last quarter. Barclays PLC raised its stake in shares of Federal Signal by 338.7% in the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock valued at $13,569,000 after acquiring an additional 112,092 shares during the last quarter. First Hawaiian Bank boosted its holdings in shares of Federal Signal by 520.7% in the 4th quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate's stock worth $1,640,000 after acquiring an additional 14,891 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Federal Signal by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate's stock worth $72,112,000 after acquiring an additional 11,466 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Federal Signal by 84.1% during the 4th quarter. Victory Capital Management Inc. now owns 219,147 shares of the conglomerate's stock valued at $20,247,000 after purchasing an additional 100,135 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

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.