Federal Signal (NYSE:FSS) Given Outperform Rating at Raymond James

Raymond James reiterated their outperform rating on shares of Federal Signal (NYSE:FSS - Free Report) in a report published on Tuesday morning, Marketbeat.com reports. They currently have a $110.00 price objective on the conglomerate's stock.

Several other research analysts have also commented on the stock. DA Davidson lowered their price objective on shares of Federal Signal from $94.00 to $90.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. StockNews.com cut shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Friday.

Federal Signal Trading Up 3.2 %

Federal Signal stock traded up $2.94 during trading on Tuesday, hitting $93.59. The company had a trading volume of 162,317 shares, compared to its average volume of 355,367. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 27.13 and a beta of 0.99. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. Federal Signal has a 1-year low of $71.29 and a 1-year high of $102.18. The company's 50 day simple moving average is $91.94 and its 200-day simple moving average is $90.83.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.04. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The business had revenue of $474.20 million during the quarter, compared to analysts' expectations of $481.71 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The company's revenue was up 6.2% on a year-over-year basis. As a group, analysts expect that Federal Signal will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Friday, November 15th. Federal Signal's dividend payout ratio is presently 13.91%.

Hedge Funds Weigh In On Federal Signal

Several large investors have recently bought and sold shares of the business. ArrowMark Colorado Holdings LLC purchased a new position in shares of Federal Signal in the 3rd quarter valued at about $28,863,000. Geode Capital Management LLC raised its holdings in Federal Signal by 17.6% during the third quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate's stock worth $149,727,000 after purchasing an additional 239,789 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Federal Signal by 113.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate's stock valued at $37,200,000 after buying an additional 211,555 shares in the last quarter. Millennium Management LLC grew its position in shares of Federal Signal by 77.8% in the 2nd quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate's stock valued at $37,298,000 after buying an additional 195,017 shares during the last quarter. Finally, Driehaus Capital Management LLC lifted its position in Federal Signal by 20.3% in the second quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate's stock valued at $76,340,000 after acquiring an additional 153,765 shares during the last quarter. Hedge funds and other institutional investors 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.