Federal Signal (FSS) Hits New 12-Month High at $28.38

Shares of Federal Signal Co. (NYSE:FSS) reached a new 52-week high on Tuesday . The stock traded as high as $28.38 and last traded at $28.37, with a volume of 195930 shares traded. The stock had previously closed at $27.84.

FSS has been the subject of several research analyst reports. Zacks Investment Research upgraded Federal Signal from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a research report on Monday, March 4th. ValuEngine upgraded Federal Signal from a “hold” rating to a “buy” rating in a research report on Wednesday.

The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 19.71 and a beta of 1.44. The company has a quick ratio of 1.08, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Thursday, February 28th. The conglomerate reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. The firm had revenue of $279.40 million during the quarter, compared to the consensus estimate of $268.10 million. Federal Signal had a return on equity of 17.44% and a net margin of 8.63%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. Equities analysts expect that Federal Signal Co. will post 1.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were issued a $0.08 dividend. The ex-dividend date was Friday, March 15th. This represents a $0.32 annualized dividend and a dividend yield of 1.14%. Federal Signal’s payout ratio is currently 22.38%.

In related news, Director Dennis J. Martin sold 60,000 shares of Federal Signal stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $24.87, for a total value of $1,492,200.00. Following the completion of the sale, the director now directly owns 250,080 shares in the company, valued at $6,219,489.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its holdings in shares of Federal Signal by 925.7% in the first quarter. BNP Paribas Arbitrage SA now owns 12,872 shares of the conglomerate’s stock valued at $335,000 after acquiring an additional 11,617 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in Federal Signal by 65.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 99,940 shares of the conglomerate’s stock worth $2,597,000 after purchasing an additional 39,490 shares in the last quarter. Investors Research Corp bought a new position in Federal Signal in the first quarter worth about $216,000. Deutsche Bank AG raised its holdings in Federal Signal by 9.0% in the fourth quarter. Deutsche Bank AG now owns 230,665 shares of the conglomerate’s stock worth $4,588,000 after purchasing an additional 19,069 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Federal Signal by 10.7% in the fourth quarter. Geode Capital Management LLC now owns 646,086 shares of the conglomerate’s stock worth $12,857,000 after purchasing an additional 62,701 shares in the last quarter. Hedge funds and other institutional investors own 89.80% of the company’s stock.

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About Federal Signal (NYSE:FSS)

Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.

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