Raymond James Lowers Federal Signal (NYSE:FSS) Price Target to $100.00

Federal Signal (NYSE:FSS - Free Report) had its price objective lowered by Raymond James from $105.00 to $100.00 in a report issued on Monday morning,Benzinga reports. Raymond James currently has an outperform rating on the conglomerate's stock.

Separately, StockNews.com downgraded Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st.

Federal Signal Price Performance

FSS stock traded up $0.15 on Monday, reaching $75.14. The company had a trading volume of 972,242 shares, compared to its average volume of 416,431. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. Federal Signal has a 1 year low of $66.47 and a 1 year high of $102.18. The company's fifty day moving average is $80.60 and its 200 day moving average is $89.01. The company has a market cap of $4.59 billion, a P/E ratio of 21.78, a PEG ratio of 1.85 and a beta of 1.11.

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

Federal Signal Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were issued a dividend of $0.14 per share. This is an increase from Federal Signal's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Friday, March 14th. Federal Signal's dividend payout ratio (DPR) is currently 15.95%.

Insider Activity

In related news, CEO Jennifer L. Sherman bought 1,250 shares of Federal Signal stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the acquisition, the chief executive officer now owns 559,183 shares in the company, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Federal Signal

Several large investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new stake in shares of Federal Signal in the 1st quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Federal Signal in the third quarter valued at about $46,000. Harbor Investment Advisory LLC increased its holdings in shares of Federal Signal by 201.8% during the first quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock worth $48,000 after purchasing an additional 440 shares during the period. Signaturefd LLC raised its holdings in Federal Signal by 37.4% in the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock valued at $56,000 after acquiring an additional 165 shares in the last quarter. Finally, CoreCap Advisors LLC grew its stake in Federal Signal by 19.9% during the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after buying an additional 145 shares in the last quarter. 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.