Raymond James Cuts Federal Signal (NYSE:FSS) Price Target to $100.00

Federal Signal (NYSE:FSS) had its price target decreased by Raymond James from $105.00 to $100.00 in a research note published on Monday morning,Benzinga reports. Raymond James currently has an outperform rating on the conglomerate’s stock.

Separately, StockNews.com lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st.

Federal Signal Stock Down 0.5 %

Shares of NYSE FSS opened at $75.13 on Monday. The business has a 50-day moving average price of $81.53 and a 200 day moving average price of $89.26. The stock has a market cap of $4.59 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. Federal Signal has a 52-week low of $66.47 and a 52-week high of $102.18.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, meeting the consensus estimate of $0.87. The business had revenue of $472.00 million during the quarter, compared to the consensus estimate of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. Equities research analysts forecast that Federal Signal will post 3.34 earnings per share for the current year.

Federal Signal Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Federal Signal’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.75%. Federal Signal’s dividend payout ratio (DPR) is currently 15.95%.

Insider Buying and Selling at Federal Signal

In other news, CEO Jennifer L. Sherman bought 1,250 shares of the stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $82.32 per share, with a total value of $102,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 559,183 shares in the company, valued at approximately $46,031,944.56. The trade was a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Federal Signal

Hedge funds have recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Federal Signal during the 1st quarter worth approximately $29,000. Wilmington Savings Fund Society FSB purchased a new position in Federal Signal in the third quarter worth $46,000. Signaturefd LLC lifted its holdings in Federal Signal by 37.4% in the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock valued at $56,000 after acquiring an additional 165 shares during the period. Harbor Investment Advisory LLC boosted its position in shares of Federal Signal by 201.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate’s stock worth $48,000 after purchasing an additional 440 shares in the last quarter. Finally, CoreCap Advisors LLC grew its stake in shares of Federal Signal by 19.9% during the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate’s stock worth $81,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

About Federal Signal

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.