Federal Signal Co. (NYSE:FSS) has received an average recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $21.00.

FSS has been the subject of several research reports. Sidoti initiated coverage on shares of Federal Signal in a research report on Tuesday, February 20th. They set a “neutral” rating for the company. ValuEngine lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, Seaport Global Securities restated a “buy” rating on shares of Federal Signal in a research report on Thursday, March 1st.

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Several institutional investors and hedge funds have recently made changes to their positions in the business. American International Group Inc. boosted its holdings in shares of Federal Signal by 5.8% in the third quarter. American International Group Inc. now owns 46,850 shares of the conglomerate’s stock worth $997,000 after buying an additional 2,556 shares during the period. Nationwide Fund Advisors boosted its holdings in shares of Federal Signal by 4.4% in the third quarter. Nationwide Fund Advisors now owns 98,419 shares of the conglomerate’s stock worth $2,094,000 after buying an additional 4,124 shares during the period. Stanley Laman Group Ltd. boosted its holdings in shares of Federal Signal by 2.5% in the fourth quarter. Stanley Laman Group Ltd. now owns 202,265 shares of the conglomerate’s stock worth $4,063,000 after buying an additional 4,838 shares during the period. Scotia Capital Inc. boosted its holdings in shares of Federal Signal by 5.3% in the fourth quarter. Scotia Capital Inc. now owns 96,021 shares of the conglomerate’s stock worth $1,929,000 after buying an additional 4,852 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Federal Signal by 1.6% in the third quarter. Ameriprise Financial Inc. now owns 329,072 shares of the conglomerate’s stock worth $7,004,000 after buying an additional 5,260 shares during the period. Institutional investors own 87.64% of the company’s stock.

Shares of Federal Signal (NYSE:FSS) traded down $0.07 on Friday, reaching $22.36. 49,375 shares of the company were exchanged, compared to its average volume of 278,004. Federal Signal has a 12-month low of $13.07 and a 12-month high of $23.64. The company has a quick ratio of 1.42, a current ratio of 2.59 and a debt-to-equity ratio of 0.61. The company has a market cap of $1,326.00, a price-to-earnings ratio of 26.00 and a beta of 1.18.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Wednesday, February 28th. The conglomerate reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Federal Signal had a net margin of 6.86% and a return on equity of 12.07%. The company had revenue of $247.60 million during the quarter, compared to analyst estimates of $228.90 million. During the same quarter last year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. research analysts anticipate that Federal Signal will post 1.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Monday, March 5th were given a dividend of $0.07 per share. The ex-dividend date was Friday, March 2nd. This represents a $0.28 annualized dividend and a dividend yield of 1.25%. Federal Signal’s dividend payout ratio (DPR) is 27.45%.

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Federal Signal Company Profile

Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.

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