DA Davidson Issues Positive Forecast for Federal Signal (NYSE:FSS) Stock Price

Federal Signal (NYSE:FSS) had its price target boosted by DA Davidson from $82.00 to $84.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a neutral rating on the conglomerate’s stock.

A number of other equities research analysts also recently issued reports on FSS. Raymond James decreased their price objective on Federal Signal from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. StockNews.com lowered Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st.

Federal Signal Stock Up 0.6 %

Shares of FSS opened at $87.12 on Monday. The business’s 50 day simple moving average is $77.12 and its 200-day simple moving average is $87.95. Federal Signal has a 1 year low of $66.47 and a 1 year high of $102.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 EPS for the quarter, beating the consensus estimate of $0.73 by $0.03. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business had revenue of $463.80 million during the quarter, compared to analyst estimates of $462.63 million. During the same quarter last year, the business earned $0.64 earnings per share. Federal Signal’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, equities analysts expect that Federal Signal will post 3.34 earnings per share for the current fiscal year.

Federal Signal announced that its Board of Directors has initiated a share buyback program on Tuesday, April 22nd that allows the company to buyback $150.00 million in shares. This buyback authorization allows the conglomerate to repurchase up to 3.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Federal Signal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.64%. Federal Signal’s dividend payout ratio is 16.37%.

Insider Activity at Federal Signal

In related news, CEO Jennifer L. Sherman bought 1,250 shares of Federal Signal stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $82.32 per share, with a total value of $102,900.00. Following the completion of the transaction, the chief executive officer now owns 559,183 shares in the company, valued at $46,031,944.56. The trade was a 0.22 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FSS. Vanguard Group Inc. grew its position in shares of Federal Signal by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 7,247,803 shares of the conglomerate’s stock worth $669,625,000 after buying an additional 93,597 shares in the last quarter. Invesco Ltd. grew its holdings in Federal Signal by 12.4% during the 4th quarter. Invesco Ltd. now owns 2,199,200 shares of the conglomerate’s stock worth $203,184,000 after acquiring an additional 242,840 shares in the last quarter. Geode Capital Management LLC increased its position in Federal Signal by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,630,971 shares of the conglomerate’s stock valued at $150,715,000 after purchasing an additional 29,197 shares during the period. FMR LLC raised its holdings in shares of Federal Signal by 19.4% in the 4th quarter. FMR LLC now owns 1,469,614 shares of the conglomerate’s stock valued at $135,778,000 after purchasing an additional 238,608 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Federal Signal by 56.5% during the fourth quarter. First Trust Advisors LP now owns 894,136 shares of the conglomerate’s stock valued at $82,609,000 after purchasing an additional 322,676 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.