Federal Signal Co. (FSS) Lifted to “Hold” at Zacks Investment Research

Federal Signal Co. (NYSE:FSS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note 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. “

Separately, Seaport Global Securities raised Federal Signal from an “accumulate” rating to a “buy” rating in a report on Wednesday, February 1st.

Federal Signal (NYSE:FSS) traded down 1.60% during midday trading on Monday, hitting $14.17. 164,580 shares of the stock traded hands. The stock has a market capitalization of $846.25 million, a PE ratio of 19.90 and a beta of 1.53. The firm’s 50 day moving average is $15.09 and its 200-day moving average is $14.56. Federal Signal has a 12-month low of $11.68 and a 12-month high of $16.65.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Tuesday, February 28th. The company reported $0.16 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.16. Federal Signal had a net margin of 5.95% and a return on equity of 11.98%. The firm earned $176.10 million during the quarter, compared to analysts’ expectations of $189.80 million. During the same period in the previous year, the business posted $0.25 earnings per share. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, analysts anticipate that Federal Signal will post $0.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Wednesday, March 8th. Federal Signal’s dividend payout ratio is currently 40.58%.

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Several large investors have recently bought and sold shares of FSS. Royal Bank of Canada increased its stake in Federal Signal by 879.5% in the second quarter. Royal Bank of Canada now owns 274,734 shares of the company’s stock worth $3,539,000 after buying an additional 246,685 shares in the last quarter. Macquarie Group Ltd. increased its stake in Federal Signal by 27.5% in the second quarter. Macquarie Group Ltd. now owns 927,675 shares of the company’s stock worth $11,948,000 after buying an additional 200,260 shares in the last quarter. Cambiar Investors LLC purchased a new stake in Federal Signal during the third quarter worth $9,935,000. Great West Life Assurance Co. Can increased its stake in Federal Signal by 2.5% in the third quarter. Great West Life Assurance Co. Can now owns 84,915 shares of the company’s stock worth $1,125,000 after buying an additional 2,101 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Federal Signal by 4.6% in the third quarter. First Trust Advisors LP now owns 173,221 shares of the company’s stock worth $2,297,000 after buying an additional 7,575 shares in the last quarter. 84.52% of the stock is owned by institutional investors.

About Federal Signal

Federal Signal Corporation designs and manufactures products and integrated solutions for municipal governmental industrial and commercial customers. The Company operates through two segments: Environmental Solutions Group, and Safety and Security Systems Group. Environmental Solutions Group is manufacturer and supplier of a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.

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