Federal Signal Corporation (NYSE:FSS) Stock Has Average Price Target of $135.25

Shares of Federal Signal Corporation (NYSE:FSS) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $135.25.

Several research firms recently weighed in on FSS. Zacks Research downgraded shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Citigroup decreased their price target on Federal Signal from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. Wall Street Zen cut Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings upgraded Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, DA Davidson dropped their price objective on Federal Signal from $132.00 to $126.00 and set a “neutral” rating for the company in a research note on Monday, November 2nd.

Federal Signal Stock Up 1.2%

Shares of NYSE:FSS opened at $116.53 on Thursday. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 1.37 and a beta of 1.22. Federal Signal has a 12-month low of $101.18 and a 12-month high of $134.51. The business has a 50-day moving average price of $114.80 and a 200 day moving average price of $115.75. The company has a current ratio of 2.96, a quick ratio of 1.35 and a debt-to-equity ratio of 0.27.

Federal Signal (NYSE:FSS) last posted its earnings results on Thursday, October 29th. The conglomerate reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. Federal Signal had a net margin of 11.65% and a return on equity of 21.31%. The company had revenue of $655.50 million for the quarter, compared to analysts’ expectations of $661.61 million. During the same quarter in the prior year, the company posted $1.14 earnings per share. Federal Signal’s revenue for the quarter was up 18.1% compared to the same quarter last year. Sell-side analysts expect that Federal Signal will post 5.24 EPS for the current year.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, November 13th. Federal Signal’s dividend payout ratio (DPR) is 12.45%.

Institutional Trading of Federal Signal

A number of institutional investors and hedge funds have recently bought and sold shares of FSS. Advisors Asset Management Inc. purchased a new position in shares of Federal Signal in the 3rd quarter valued at about $414,000. GW&K Investment Management LLC lifted its holdings in shares of Federal Signal by 11.0% in the 3rd quarter. GW&K Investment Management LLC now owns 1,028,768 shares of the conglomerate’s stock valued at $113,978,000 after purchasing an additional 102,314 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Federal Signal in the 3rd quarter valued at about $1,300,000. Voya Investment Management LLC boosted its position in shares of Federal Signal by 0.7% in the 3rd quarter. Voya Investment Management LLC now owns 17,482 shares of the conglomerate’s stock valued at $1,937,000 after purchasing an additional 119 shares during the period. Finally, Public Sector Pension Investment Board boosted its position in shares of Federal Signal by 25.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 356,491 shares of the conglomerate’s stock valued at $40,565,000 after purchasing an additional 72,434 shares during the period. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

About Federal Signal

Federal Signal Corporation designs and manufactures products and equipment for environmental services, public safety and security. Its customers include municipalities, contractors, industrial businesses and public safety organizations. Through its Environmental Solutions Group, the company makes street sweepers, sewer cleaners, industrial vacuum loaders, waterblasting equipment and related vehicles and services. Its Safety and Security Systems Group provides warning sirens, emergency vehicle equipment and systems for public notification and communication.