Federal Signal Corporation (NYSE:FSS) has been given an average recommendation of “Buy” by the six research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $22.50.

Separately, Zacks Investment Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 7th.

Federal Signal (FSS) traded down $0.50 on Friday, hitting $21.00. The stock had a trading volume of 287,400 shares, compared to its average volume of 262,444. The company has a current ratio of 2.37, a quick ratio of 1.23 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1,259.66, a price-to-earnings ratio of 27.27 and a beta of 1.30. Federal Signal has a 12-month low of $13.07 and a 12-month high of $23.64.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.03. The firm had revenue of $249.00 million during the quarter, compared to analyst estimates of $240.30 million. Federal Signal had a return on equity of 11.39% and a net margin of 5.30%. Federal Signal’s quarterly revenue was up 33.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 EPS. equities analysts anticipate that Federal Signal will post 0.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Monday, November 13th. Federal Signal’s payout ratio is currently 38.36%.

In other news, Director James E. Goodwin sold 10,000 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $20.67, for a total transaction of $206,700.00. Following the completion of the sale, the director now owns 122,929 shares of the company’s stock, valued at approximately $2,540,942.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis J. Martin sold 45,172 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $21.90, for a total transaction of $989,266.80. The disclosure for this sale can be found here. Insiders have sold a total of 110,172 shares of company stock valued at $2,338,207 in the last ninety days. Insiders own 4.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Federal Signal during the 3rd quarter valued at approximately $120,000. IFP Advisors Inc grew its stake in shares of Federal Signal by 12,320.0% during the 2nd quarter. IFP Advisors Inc now owns 6,831 shares of the conglomerate’s stock valued at $119,000 after acquiring an additional 6,776 shares during the period. Pinebridge Investments L.P. grew its stake in shares of Federal Signal by 1.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock valued at $137,000 after acquiring an additional 86 shares during the period. First Quadrant L P CA bought a new position in shares of Federal Signal during the 3rd quarter valued at approximately $187,000. Finally, SG Americas Securities LLC bought a new position in shares of Federal Signal during the 3rd quarter valued at approximately $212,000. 84.12% of the stock is owned by hedge funds and other institutional investors.

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About Federal Signal

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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