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

Shares of Federal Signal Co. (NYSE:FSS) hit a new 52-week low on Friday . The stock traded as low as $74.23 and last traded at $75.53, with a volume of 220582 shares. The stock had previously closed at $75.88.

Analysts Set New Price Targets

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

Federal Signal Stock Performance

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 firm has a market cap of $4.61 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 1.85 and a beta of 1.02. The stock has a fifty day moving average price of $91.00 and a 200 day moving average price of $91.27.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. The business had revenue of $472.00 million for 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, analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be given a $0.14 dividend. This is an increase from Federal Signal’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, March 14th. Federal Signal’s payout ratio is currently 15.95%.

Insiders Place Their Bets

In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of the company’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 transaction, the chief executive officer now directly owns 559,183 shares in the company, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.10% of the company’s stock.

Institutional Trading of Federal Signal

A number of institutional investors and hedge funds have recently modified their holdings of FSS. Wealth Enhancement Advisory Services LLC boosted its stake in Federal Signal by 3.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,662 shares of the conglomerate’s stock valued at $616,000 after buying an additional 237 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Federal Signal in the 4th quarter valued at $13,686,000. Public Employees Retirement System of Ohio boosted its stake in Federal Signal by 18.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 21,443 shares of the conglomerate’s stock valued at $1,981,000 after buying an additional 3,377 shares in the last quarter. EDENTREE ASSET MANAGEMENT Ltd boosted its stake in Federal Signal by 41.6% in the 4th quarter. EDENTREE ASSET MANAGEMENT Ltd now owns 18,055 shares of the conglomerate’s stock valued at $1,669,000 after buying an additional 5,300 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Federal Signal by 14.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,401 shares of the conglomerate’s stock worth $16,113,000 after purchasing an additional 21,971 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

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.