Federal Signal (NYSE:FSS) Hits New 1-Year High at $99.98

Federal Signal Co. (NYSE:FSS)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $99.98 and last traded at $99.08, with a volume of 374159 shares changing hands. The stock had previously closed at $94.53.

Analyst Upgrades and Downgrades

Separately, William Blair assumed coverage on shares of Federal Signal in a research report on Friday, May 31st. They set an “outperform” rating for the company.

Federal Signal Trading Up 2.0 %

The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 32.57 and a beta of 0.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 2.82. The company has a 50-day moving average price of $87.12 and a 200-day moving average price of $82.93.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.09. Federal Signal had a return on equity of 17.36% and a net margin of 10.31%. The firm had revenue of $424.90 million during the quarter, compared to the consensus estimate of $425.58 million. During the same period in the prior year, the company posted $0.46 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, research analysts forecast that Federal Signal Co. will post 3.08 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.48 annualized dividend and a yield of 0.50%. Federal Signal’s dividend payout ratio is currently 16.22%.

Hedge Funds Weigh In On Federal Signal

Several hedge funds have recently made changes to their positions in FSS. Raymond James Trust N.A. acquired a new stake in shares of Federal Signal in the 4th quarter valued at about $240,000. BLB&B Advisors LLC acquired a new stake in shares of Federal Signal in the fourth quarter valued at approximately $213,000. Fifth Third Bancorp grew its position in shares of Federal Signal by 36.0% during the fourth quarter. Fifth Third Bancorp now owns 793 shares of the conglomerate’s stock worth $61,000 after acquiring an additional 210 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Federal Signal in the 4th quarter valued at $153,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Federal Signal by 5.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,462 shares of the conglomerate’s stock valued at $2,107,000 after purchasing an additional 1,482 shares during the last quarter. Hedge funds and other 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.