Federal Signal (NYSE:FSS) Hits New 12-Month Low – Here’s Why

Federal Signal Co. (NYSE:FSS) shares hit a new 52-week low during mid-day trading on Friday . The stock 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

FSS has been the topic of several research reports. StockNews.com lowered 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 set a $110.00 price target on shares of Federal Signal in a research note on Tuesday, December 24th.

Federal Signal Stock Down 0.5 %

The business has a fifty day moving average of $91.00 and a 200 day moving average of $91.27. The firm has a market cap of $4.61 billion, a P/E ratio of 21.90, a P/E/G ratio of 1.85 and a beta of 1.02. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. The business had revenue of $472.00 million during the quarter, compared to the consensus estimate of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. On average, equities research analysts predict that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 0.74%. 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 dividend payout ratio is currently 15.95%.

Insider Activity at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of the stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 559,183 shares of the company’s stock, valued at $46,031,944.56. The trade was a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Federal Signal

Several large investors have recently modified their holdings of FSS. Victory Capital Management Inc. increased its holdings in shares of Federal Signal by 299.5% in the third quarter. Victory Capital Management Inc. now owns 119,012 shares of the conglomerate’s stock worth $11,123,000 after acquiring an additional 89,225 shares in the last quarter. KBC Group NV grew its holdings in shares of Federal Signal by 20.9% during the third quarter. KBC Group NV now owns 1,796 shares of the conglomerate’s stock worth $168,000 after buying an additional 311 shares in the last quarter. Moran Wealth Management LLC grew its holdings in shares of Federal Signal by 4.9% during the third quarter. Moran Wealth Management LLC now owns 43,119 shares of the conglomerate’s stock worth $4,030,000 after buying an additional 2,011 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Federal Signal by 44.4% during the third quarter. Intech Investment Management LLC now owns 32,939 shares of the conglomerate’s stock worth $3,078,000 after buying an additional 10,134 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew 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 worth $71,875,000 after buying an additional 31,517 shares in the last quarter. 92.73% of the stock is currently 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.