Federal Signal’s (FSS) “Outperform” Rating Reaffirmed at Raymond James

Raymond James reissued their outperform rating on shares of Federal Signal (NYSE:FSS) in a research note published on Tuesday morning, MarketBeat reports. They currently have a $110.00 price objective on the conglomerate’s stock.

Several other analysts have also recently commented on the company. DA Davidson cut their target price on Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. StockNews.com lowered Federal Signal from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

Federal Signal Stock Performance

FSS stock opened at $93.59 on Tuesday. Federal Signal has a 1 year low of $71.29 and a 1 year high of $102.18. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 27.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The stock’s fifty day moving average is $91.94 and its two-hundred day moving average is $90.83.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm had revenue of $474.20 million for the quarter, compared to the consensus estimate of $481.71 million. During the same period last year, the firm posted $0.71 EPS. Federal Signal’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, research analysts predict that Federal Signal will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.48 annualized dividend and a yield of 0.51%. Federal Signal’s payout ratio is 13.91%.

Hedge Funds Weigh In On Federal Signal

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Federal Signal during the 3rd quarter valued at about $29,000. Quarry LP lifted its stake in Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after purchasing an additional 183 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Federal Signal during the third quarter worth approximately $46,000. Point72 DIFC Ltd acquired a new position in Federal Signal in the second quarter worth approximately $62,000. Finally, Millburn Ridgefield Corp bought a new position in shares of Federal Signal in the third quarter valued at $70,000. 92.73% of the stock is owned by institutional investors.

Federal Signal Company Profile

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.