Federal Signal (NYSE:FSS) Shares Cross Below 200-Day Moving Average – What’s Next?

Federal Signal Corporation (NYSE:FSS)’s stock price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $115.70 and traded as low as $111.20. Federal Signal shares last traded at $111.78, with a volume of 630,433 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FSS. Weiss Ratings upgraded Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Wall Street Zen downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Zacks Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. DA Davidson reduced their price objective on shares of Federal Signal from $132.00 to $126.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Citigroup decreased their price objective on shares of Federal Signal from $150.00 to $135.00 and set a “buy” rating for the company in a report on Monday. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $135.25.

Federal Signal Price Performance

The stock has a 50 day moving average of $114.93 and a two-hundred day moving average of $115.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.35 and a current ratio of 2.96. The firm has a market capitalization of $6.82 billion, a P/E ratio of 23.19, a P/E/G ratio of 1.41 and a beta of 1.22.

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

Federal Signal Dividend Announcement

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

Hedge Funds Weigh In On Federal Signal

A number of institutional investors and hedge funds have recently bought and sold shares of FSS. Maryland State Retirement & Pension System increased its holdings in shares of Federal Signal by 53.1% during the 3rd quarter. Maryland State Retirement & Pension System now owns 13,585 shares of the conglomerate’s stock worth $1,505,000 after purchasing an additional 4,713 shares during the period. Jacobi Capital Management LLC acquired a new position in shares of Federal Signal in the 3rd quarter worth approximately $44,000. Bahl & Gaynor LLC lifted its holdings in shares of Federal Signal by 2.0% during the third quarter. Bahl & Gaynor LLC now owns 88,354 shares of the conglomerate’s stock valued at $9,789,000 after acquiring an additional 1,705 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Federal Signal by 43.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 335,198 shares of the conglomerate’s stock valued at $37,599,000 after purchasing an additional 101,385 shares during the last quarter. Finally, Summit Creek Advisors LLC boosted its holdings in shares of Federal Signal by 2.4% in the 3rd quarter. Summit Creek Advisors LLC now owns 43,134 shares of the conglomerate’s stock worth $4,779,000 after acquiring an additional 1,028 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

About Federal Signal

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.