Federal Signal (NYSE:FSS) Hits New 52-Week High at $65.55

Federal Signal Co. (NYSE:FSS) shares hit a new 52-week high on Friday . The stock traded as high as $65.55 and last traded at $65.33, with a volume of 10833 shares. The stock had previously closed at $64.71.

Analyst Ratings Changes

FSS has been the subject of several recent research reports. Raymond James increased their target price on shares of Federal Signal from $68.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 20th. StockNews.com upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, DA Davidson downgraded shares of Federal Signal from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $68.00 to $66.00 in a research report on Monday, July 31st.

Federal Signal Stock Performance

The company has a current ratio of 2.98, a quick ratio of 1.35 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average price is $59.80 and its two-hundred day moving average price is $59.28. The firm has a market capitalization of $3.99 billion, a PE ratio of 27.41 and a beta of 1.04.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.40 annualized dividend and a yield of 0.61%. Federal Signal’s payout ratio is currently 16.74%.

Institutional Trading of Federal Signal

Several hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in shares of Federal Signal by 22.6% in the 1st quarter. American Century Companies Inc. now owns 9,851 shares of the conglomerate’s stock valued at $332,000 after purchasing an additional 1,819 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Federal Signal by 5.8% in the 1st quarter. Citigroup Inc. now owns 68,055 shares of the conglomerate’s stock valued at $2,297,000 after purchasing an additional 3,713 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Federal Signal by 9.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,216 shares of the conglomerate’s stock valued at $142,000 after purchasing an additional 376 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Federal Signal by 56.6% in the 1st quarter. MetLife Investment Management LLC now owns 32,782 shares of the conglomerate’s stock valued at $1,106,000 after purchasing an additional 11,850 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Federal Signal by 17.8% in the 1st quarter. Rhumbline Advisers now owns 169,901 shares of the conglomerate’s stock valued at $5,734,000 after purchasing an additional 25,702 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

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.