Federal Signal (NYSE:FSS) Stock Gets Price Target Trim from Citigroup

Federal Signal (NYSE:FSS) had its target price reduced by Citigroup from $150.00 to $135.00 in a research note issued to investors on Monday,Benzinga reports. Citigroup currently has a buy rating on the conglomerate’s stock.

A number of other equities research analysts also recently commented on FSS. Zacks Research downgraded shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research 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 on the stock in a report on Monday. 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. Finally, Wall Street Zen downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.25.

Federal Signal Price Performance

FSS stock opened at $118.22 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.96 and a quick ratio of 1.35. The firm has a market capitalization of $7.21 billion, a P/E ratio of 24.53, a P/E/G ratio of 1.40 and a beta of 1.22. The business’s 50-day moving average is $115.11 and its two-hundred day moving average is $115.72. Federal Signal has a 1 year low of $101.18 and a 1 year high of $134.51.

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

Federal Signal Dividend Announcement

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

Hedge Funds Weigh In On Federal Signal

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Federal Signal in the second quarter worth approximately $1,236,004,000. Dimensional Fund Advisors LP increased its position in Federal Signal by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,208,087 shares of the conglomerate’s stock worth $130,633,000 after purchasing an additional 3,546 shares during the last quarter. First Trust Advisors LP increased its position in Federal Signal by 12.0% during the first 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. Pictet Asset Management Holding SA increased its position in Federal Signal by 24.3% during the third quarter. Pictet Asset Management Holding SA now owns 1,099,592 shares of the conglomerate’s stock worth $121,838,000 after purchasing an additional 214,954 shares during the last quarter. Finally, Congress Asset Management Co. raised its stake in Federal Signal by 23.2% during the third quarter. Congress Asset Management Co. now owns 894,846 shares of the conglomerate’s stock worth $99,140,000 after purchasing an additional 168,708 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

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.