Federal Signal (NYSE:FSS) Stock Gets Price Target Cut from DA Davidson

Federal Signal (NYSE:FSS) had its price target lowered by DA Davidson from $132.00 to $126.00 in a research report sent to investors on Monday,Benzinga reports. DA Davidson currently has a neutral rating on the conglomerate’s stock.

FSS has been the topic of a number of other research reports. Citigroup began coverage on shares of Federal Signal in a report on Monday, August 17th. They issued a “buy” rating and a $150.00 target price on the stock. Weiss Ratings raised shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Wall Street Zen downgraded Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Zacks Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Federal Signal has a consensus rating of “Moderate Buy” and a consensus price target of $135.25.

Federal Signal Stock Performance

Shares of FSS stock opened at $118.22 on Monday. The firm has a market capitalization of $7.21 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22. The firm has a fifty day simple moving average of $115.11 and a two-hundred day simple moving average of $115.72. The company has a current ratio of 2.96, a quick ratio of 1.35 and a debt-to-equity ratio of 0.27. Federal Signal has a 12 month low of $101.18 and a 12 month high of $134.51.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Thursday, October 29th. The conglomerate reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.02. Federal Signal had a net margin of 11.65% and a return on equity of 21.31%. The firm had revenue of $655.50 million for the quarter, compared to the consensus estimate of $661.61 million. During the same quarter in the prior year, the company posted $1.14 earnings per share. The business’s revenue was up 18.1% on a year-over-year basis. Analysts forecast that Federal Signal will post 5.24 EPS for the current fiscal year.

Federal Signal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.60 annualized dividend and a yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is 12.45%.

Hedge Funds Weigh In On Federal Signal

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE purchased a new position in Federal Signal in the second quarter valued at about $78,503,000. First Trust Advisors LP increased its stake in shares of Federal Signal by 12.0% during the 1st quarter. First Trust Advisors LP now owns 1,161,865 shares of the conglomerate’s stock worth $125,644,000 after purchasing an additional 124,270 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Federal Signal during the 2nd quarter worth approximately $2,660,000. Deutsche Bank AG bought a new stake in shares of Federal Signal in the 2nd quarter worth approximately $9,602,000. Finally, Emerald Investment Advisers LLC bought a new stake in shares of Federal Signal in the 2nd quarter worth approximately $8,277,000. 92.73% of the stock is owned by institutional investors.

Federal Signal Company Profile

Federal Signal Corporation (NYSE:FSS) designs and manufactures equipment and systems used by municipalities, government agencies, industrial organizations and commercial customers. Its products support public safety, infrastructure maintenance, environmental protection and emergency response activities.

The company operates through two principal business areas: Environmental Solutions and Safety and Security Systems. Environmental Solutions products include street sweepers, sewer cleaners, vacuum trucks, hydro-excavation equipment, dump bodies and snow and ice control equipment.