Federal Signal Co. (NYSE:FSS - Get Free Report)'s stock price reached a new 52-week low on Friday . The company traded as low as $74.23 and last traded at $75.53, with a volume of 220582 shares changing hands. The stock had previously closed at $75.88.
Analyst Ratings Changes
A number of brokerages recently commented on FSS. Raymond James restated an "outperform" rating and issued a $110.00 price target on shares of Federal Signal in a research report on Tuesday, December 24th. StockNews.com cut shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st.
Read Our Latest Report on FSS
Federal Signal Stock Up 1.1 %
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 firm has a 50 day moving average of $90.31 and a two-hundred day moving average of $91.13. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 1.85 and a beta of 1.02.
Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share 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 the consensus estimate of $481.90 million. As a group, sell-side analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current fiscal year.
Federal Signal Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Friday, March 14th. This is a boost from Federal Signal's previous quarterly dividend of $0.12. Federal Signal's dividend payout ratio is presently 15.95%.
Insider Activity
In other Federal Signal news, CEO Jennifer L. Sherman acquired 1,250 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the acquisition, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.30% of the company's stock.
Institutional Investors Weigh In On Federal Signal
A number of institutional investors have recently added to or reduced their stakes in FSS. Wealth Enhancement Advisory Services LLC grew its stake in shares of Federal Signal by 3.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,662 shares of the conglomerate's stock worth $616,000 after purchasing an additional 237 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Federal Signal in the 4th quarter valued at about $13,686,000. Public Employees Retirement System of Ohio grew its position in shares of Federal Signal by 18.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 21,443 shares of the conglomerate's stock valued at $1,981,000 after buying an additional 3,377 shares during the last quarter. EDENTREE ASSET MANAGEMENT Ltd increased its stake in shares of Federal Signal by 41.6% in the fourth quarter. EDENTREE ASSET MANAGEMENT Ltd now owns 18,055 shares of the conglomerate's stock valued at $1,669,000 after buying an additional 5,300 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Federal Signal by 14.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,401 shares of the conglomerate's stock worth $16,113,000 after acquiring an additional 21,971 shares during the last quarter. 92.73% of the stock is owned by institutional investors.
About Federal Signal
(
Get Free Report)
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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