Federal Signal (NYSE:FSS) Hits New 52-Week Low – Time to Sell?

Federal Signal Co. (NYSE:FSS) shares reached a new 52-week low on Monday . The stock traded as low as $66.47 and last traded at $69.59, with a volume of 296049 shares traded. The stock had previously closed at $71.37.

Analysts Set New Price Targets

Several equities analysts have recently commented on FSS shares. Raymond James reaffirmed an “outperform” rating and set a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th. StockNews.com lowered Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st.

Federal Signal Price Performance

The business’s 50-day simple moving average is $85.76 and its 200 day simple moving average is $90.35. 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 capitalization of $4.31 billion, a P/E ratio of 20.44, a P/E/G ratio of 1.85 and a beta of 1.11.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.87. The firm had revenue of $472.00 million during the quarter, compared to analyst estimates of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. As a group, sell-side analysts anticipate that Federal Signal Co. will post 3.34 EPS 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 given a $0.14 dividend. This is a positive change from Federal Signal’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, March 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.79%. Federal Signal’s dividend payout ratio (DPR) is 15.95%.

Insiders Place Their Bets

In other news, CEO Jennifer L. Sherman bought 1,250 shares of the business’s stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $82.32 per share, with a total value of $102,900.00. Following the purchase, the chief executive officer now directly owns 559,183 shares in the company, valued at $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Federal Signal by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 7,247,803 shares of the conglomerate’s stock valued at $669,625,000 after acquiring an additional 93,597 shares in the last quarter. State Street Corp increased its stake in Federal Signal by 1.1% in the 3rd quarter. State Street Corp now owns 2,293,775 shares of the conglomerate’s stock valued at $214,376,000 after buying an additional 25,080 shares during the period. Invesco Ltd. increased its stake in Federal Signal by 12.4% in the 4th quarter. Invesco Ltd. now owns 2,199,200 shares of the conglomerate’s stock valued at $203,184,000 after buying an additional 242,840 shares during the period. Geode Capital Management LLC lifted its position in Federal Signal by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,630,971 shares of the conglomerate’s stock worth $150,715,000 after buying an additional 29,197 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Federal Signal by 19.4% during the 4th quarter. FMR LLC now owns 1,469,614 shares of the conglomerate’s stock valued at $135,778,000 after buying an additional 238,608 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

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.