Federal Signal (NYSE:FSS) Reaches New 12-Month High at $101.50

Federal Signal Co. (NYSE:FSS) reached a new 52-week high during trading on Wednesday . The company traded as high as $101.50 and last traded at $101.50, with a volume of 43464 shares traded. The stock had previously closed at $98.74.

Analyst Upgrades and Downgrades

Separately, William Blair started coverage on Federal Signal in a research report on Friday, May 31st. They set an “outperform” rating on the stock.

Federal Signal Stock Performance

The firm has a market capitalization of $6.11 billion, a P/E ratio of 34.42 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.35 and a current ratio of 2.89. The stock has a 50-day moving average of $88.02 and a 200 day moving average of $83.69.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. The firm had revenue of $490.40 million for the quarter, compared to analyst estimates of $487.74 million. Federal Signal had a return on equity of 18.31% and a net margin of 11.16%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company earned $0.67 EPS. On average, research analysts anticipate that Federal Signal Co. will post 3.3 earnings per share for the current year.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a $0.12 dividend. The ex-dividend date is Friday, August 16th. This represents a $0.48 dividend on an annualized basis and a yield of 0.48%. Federal Signal’s payout ratio is 16.22%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FSS. Norges Bank acquired a new position in shares of Federal Signal in the 4th quarter valued at $52,130,000. Assenagon Asset Management S.A. lifted its stake in shares of Federal Signal by 946.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 322,088 shares of the conglomerate’s stock valued at $27,336,000 after purchasing an additional 291,309 shares during the period. Axiom Investors LLC DE lifted its stake in shares of Federal Signal by 189.5% in the 4th quarter. Axiom Investors LLC DE now owns 239,455 shares of the conglomerate’s stock valued at $18,376,000 after purchasing an additional 156,755 shares during the period. PineStone Asset Management Inc. acquired a new position in shares of Federal Signal in the 2nd quarter valued at $11,982,000. Finally, F M Investments LLC acquired a new position in shares of Federal Signal in the 2nd quarter valued at $11,058,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

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.