Federal Signal (NYSE:FSS) Price Target Cut to $90.00 by Analysts at DA Davidson

Federal Signal (NYSE:FSS) had its target price lowered by DA Davidson from $94.00 to $90.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has a neutral rating on the conglomerate’s stock.

Federal Signal Stock Up 3.7 %

NYSE FSS opened at $84.59 on Tuesday. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 24.52 and a beta of 0.95. The company has a 50 day moving average of $88.97 and a 200-day moving average of $88.68. Federal Signal has a 1-year low of $62.99 and a 1-year high of $102.18.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.71 EPS. On average, equities research analysts expect that Federal Signal will post 3.35 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.57%. Federal Signal’s payout ratio is 13.91%.

Insider Buying and Selling at Federal Signal

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $92.99, for a total value of $2,388,448.15. Following the sale, the director now owns 57,417 shares of the company’s stock, valued at approximately $5,339,206.83. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund increased its position in Federal Signal by 150.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 30,000 shares of the conglomerate’s stock worth $2,546,000 after purchasing an additional 18,000 shares in the last quarter. UniSuper Management Pty Ltd bought a new position in shares of Federal Signal in the 1st quarter valued at $919,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Federal Signal in the 1st quarter valued at $917,000. BNP Paribas Financial Markets boosted its holdings in shares of Federal Signal by 74.6% during the 1st quarter. BNP Paribas Financial Markets now owns 85,516 shares of the conglomerate’s stock valued at $7,258,000 after acquiring an additional 36,534 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in Federal Signal by 22.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 59,731 shares of the conglomerate’s stock worth $5,069,000 after acquiring an additional 11,013 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Federal Signal Company Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.