Federal Signal Co. (FSS) Shares Rating Lowered by Zacks Investment Research

Federal Signal Co. (FSS) Shares Rating Lowered by Zacks Investment Research

Federal Signal Co. (NYSE:FSS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “Federal Signal Corporation is a manufacturer and worldwide supplier of safety, signaling and communications equipment, hazardous area lighting, fire rescue products, street sweeping and vacuum loader vehicles, parking control equipment, custom on-premise signage, carbide cutting tools, precision punches and related die components. “

A number of other equities analysts also recently commented on the stock. TheStreet upgraded shares of Federal Signal from a “c” rating to a “b-” rating in a research note on Thursday, April 27th. Seaport Global Securities upgraded shares of Federal Signal from an “accumulate” rating to a “buy” rating in a research note on Wednesday, February 1st. Finally, KeyCorp upgraded shares of Federal Signal from a “sector weight” rating to an “overweight” rating and set a $20.00 target price for the company in a research note on Tuesday, May 9th.

Shares of Federal Signal (FSS) opened at 15.81 on Monday. Federal Signal has a one year low of $11.68 and a one year high of $17.19. The stock’s 50 day moving average price is $15.34 and its 200 day moving average price is $15.25. The stock has a market cap of $945.22 million, a price-to-earnings ratio of 25.88 and a beta of 1.53.

Federal Signal (NYSE:FSS) last issued its earnings results on Thursday, April 27th. The conglomerate reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $177.80 million during the quarter, compared to the consensus estimate of $176.97 million. Federal Signal had a net margin of 5.95% and a return on equity of 11.98%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Analysts forecast that Federal Signal will post $0.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 12th will be given a $0.07 dividend. The ex-dividend date is Wednesday, May 10th. This represents a $0.28 dividend on an annualized basis and a yield of 1.77%. Federal Signal’s dividend payout ratio (DPR) is presently 40.58%.

In related news, Director Paul W. Jones sold 50,000 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $15.96, for a total value of $798,000.00. Following the completion of the sale, the director now directly owns 72,901 shares of the company’s stock, valued at $1,163,499.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.80% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Federal Signal by 45,296.2% in the first quarter. BlackRock Inc. now owns 7,375,976 shares of the conglomerate’s stock worth $101,863,000 after buying an additional 7,359,728 shares during the period. Norges Bank bought a new stake in shares of Federal Signal during the fourth quarter worth $12,920,000. Goldman Sachs Group Inc. boosted its stake in shares of Federal Signal by 43.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,394,279 shares of the conglomerate’s stock worth $33,065,000 after buying an additional 721,473 shares during the period. United Services Automobile Association bought a new stake in shares of Federal Signal during the third quarter worth $5,286,000. Finally, Franklin Resources Inc. boosted its stake in shares of Federal Signal by 7.2% in the fourth quarter. Franklin Resources Inc. now owns 4,732,801 shares of the conglomerate’s stock worth $73,879,000 after buying an additional 319,453 shares during the period. 84.52% of the stock is owned by hedge funds and other institutional investors.

About Federal Signal

Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FSS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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