Federal Signal (NYSE:FSS) Stock Price Down 5.8% - Time to Sell?

Federal Signal Co. (NYSE:FSS - Get Free Report) shares dropped 5.8% during mid-day trading on Wednesday . The company traded as low as $84.69 and last traded at $85.53. Approximately 142,285 shares were traded during trading, a decline of 63% from the average daily volume of 382,704 shares. The stock had previously closed at $90.75.

Analysts Set New Price Targets

FSS has been the topic of a number of analyst reports. StockNews.com lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday. DA Davidson dropped their price objective on shares of Federal Signal from $94.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. Finally, Raymond James restated an "outperform" rating and issued a $110.00 price target on shares of Federal Signal in a research note on Tuesday, December 24th.

Federal Signal Trading Down 0.8 %

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's 50 day moving average is $94.93 and its 200-day moving average is $92.70. The firm has a market cap of $4.95 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 1.85 and a beta of 1.01.

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

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Federal Signal Increases Dividend

The firm also recently disclosed 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 0.69%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Federal Signal's previous quarterly dividend of $0.12. Federal Signal's payout ratio is currently 16.23%.

Hedge Funds Weigh In On Federal Signal

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC boosted its holdings in Federal Signal by 338.7% in the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock worth $13,569,000 after purchasing an additional 112,092 shares during the period. First Hawaiian Bank boosted its holdings in shares of Federal Signal by 520.7% during the fourth quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate's stock valued at $1,640,000 after acquiring an additional 14,891 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Federal Signal by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate's stock valued at $71,875,000 after acquiring an additional 31,517 shares during the period. Quest Partners LLC boosted its holdings in shares of Federal Signal by 4,025.9% during the third quarter. Quest Partners LLC now owns 18,608 shares of the conglomerate's stock valued at $1,739,000 after acquiring an additional 18,157 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Federal Signal by 17.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,430 shares of the conglomerate's stock valued at $14,246,000 after acquiring an additional 22,821 shares during the period. Institutional investors and hedge funds own 92.73% of the company's stock.

About Federal Signal

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.