Federal Signal Co. (NYSE:FSS) Receives $46.75 Average PT from Brokerages

Shares of Federal Signal Co. (NYSE:FSSGet Rating) have received an average recommendation of “Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $46.75.

FSS has been the topic of several research analyst reports. KeyCorp decreased their price objective on shares of Federal Signal from $48.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, March 18th. Zacks Investment Research lowered Federal Signal from a “hold” rating to a “sell” rating in a research note on Monday, January 17th. StockNews.com began coverage on Federal Signal in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Raymond James lowered their price target on Federal Signal from $52.00 to $46.00 and set a “strong-buy” rating for the company in a research report on Wednesday, March 2nd.

Shares of FSS stock traded up $0.24 during trading on Thursday, hitting $32.55. The company had a trading volume of 8,859 shares, compared to its average volume of 358,958. The company has a quick ratio of 1.18, a current ratio of 2.53 and a debt-to-equity ratio of 0.36. The business’s 50-day simple moving average is $35.14. The firm has a market cap of $1.98 billion, a PE ratio of 19.82 and a beta of 1.05. Federal Signal has a 52 week low of $32.02 and a 52 week high of $48.88.

Federal Signal (NYSE:FSSGet Rating) last posted its quarterly earnings data on Tuesday, March 1st. The conglomerate reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.02. The company had revenue of $301.40 million for the quarter, compared to analysts’ expectations of $301.64 million. Federal Signal had a net margin of 8.29% and a return on equity of 14.38%. Federal Signal’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share. On average, research analysts anticipate that Federal Signal will post 1.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Friday, March 18th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, March 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.11%. Federal Signal’s payout ratio is 22.09%.

In related news, CEO Jennifer L. Sherman purchased 2,800 shares of the firm’s stock in a transaction dated Thursday, March 3rd. The stock was purchased at an average price of $34.60 per share, with a total value of $96,880.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of FSS. Park Avenue Securities LLC boosted its holdings in shares of Federal Signal by 22.5% in the third quarter. Park Avenue Securities LLC now owns 10,143 shares of the conglomerate’s stock valued at $392,000 after acquiring an additional 1,861 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Federal Signal by 0.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,764,992 shares of the conglomerate’s stock valued at $68,165,000 after acquiring an additional 12,190 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Federal Signal by 14.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 68,297 shares of the conglomerate’s stock valued at $2,638,000 after acquiring an additional 8,716 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of Federal Signal by 24.2% during the third quarter. Aptus Capital Advisors LLC now owns 54,149 shares of the conglomerate’s stock worth $2,091,000 after purchasing an additional 10,551 shares during the period. Finally, Hudson Value Partners LLC grew its position in shares of Federal Signal by 9.6% during the third quarter. Hudson Value Partners LLC now owns 7,735 shares of the conglomerate’s stock worth $299,000 after acquiring an additional 680 shares during the last quarter. 90.56% of the stock is owned by institutional investors and hedge funds.

About Federal Signal (Get Rating)

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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