Federal Signal Co. (FSS) Upgraded by Zacks Investment Research to Hold
Federal Signal Co. (NYSE:FSS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released 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 shares of Federal Signal from an “accumulate” rating to a “buy” rating in a research report on Wednesday, February 1st.
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Shares of Federal Signal (NYSE:FSS) traded down 1.60% during midday trading on Monday, reaching $14.17. 164,580 shares of the company traded hands. The company has a 50 day moving average price of $15.09 and a 200 day moving average price of $14.56. Federal Signal has a 1-year low of $11.68 and a 1-year high of $16.65. The company has a market capitalization of $846.25 million, a PE ratio of 19.90 and a beta of 1.53.
Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Tuesday, February 28th. The company reported $0.16 earnings per share for the quarter, hitting the 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 quarter in the prior year, the company earned $0.25 EPS. The company’s revenue was down 5.5% compared to the same quarter last year. On average, analysts expect that Federal Signal will post $0.74 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be given a $0.07 dividend. The ex-dividend date is Wednesday, March 8th. This represents a $0.28 annualized dividend and a dividend yield of 1.98%. Federal Signal’s payout ratio is presently 40.58%.
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Several large investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Federal Signal by 706.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,717 shares of the company’s stock valued at $137,000 after buying an additional 7,636 shares during the last quarter. Wexford Capital LP acquired a new stake in shares of Federal Signal during the fourth quarter valued at $166,000. Airain ltd acquired a new stake in shares of Federal Signal during the third quarter valued at $167,000. Suntrust Banks Inc. acquired a new stake in shares of Federal Signal during the third quarter valued at $179,000. Finally, Trexquant Investment LP acquired a new stake in shares of Federal Signal during the fourth quarter valued at $219,000. 84.52% of the stock is owned by hedge funds and other 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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