StockNews.com downgraded shares of Federal Signal (NYSE:FSS – Free Report) from a buy rating to a hold rating in a report released on Friday morning.
Separately, DA Davidson decreased their target price on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th.
Get Our Latest Stock Analysis on FSS
Federal Signal Stock Performance
Federal Signal (NYSE:FSS – Get Free Report) last issued its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. During the same period in the prior year, the firm earned $0.71 earnings per share. Federal Signal’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, research analysts anticipate that Federal Signal will post 3.34 earnings per share for the current fiscal year.
Federal Signal Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Friday, November 15th. Federal Signal’s payout ratio is currently 13.91%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in FSS. Franklin Resources Inc. increased its stake in Federal Signal by 26.7% in the 3rd quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock valued at $59,523,000 after buying an additional 134,457 shares during the last quarter. Tidal Investments LLC increased its position in shares of Federal Signal by 19.1% during the third quarter. Tidal Investments LLC now owns 3,174 shares of the conglomerate’s stock valued at $297,000 after acquiring an additional 510 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Federal Signal during the third quarter worth $46,000. Geode Capital Management LLC boosted its position in Federal Signal by 17.6% in the third quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock worth $149,727,000 after purchasing an additional 239,789 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Federal Signal by 338.7% during the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock valued at $13,569,000 after purchasing an additional 112,092 shares during the last quarter. 92.73% of the stock is 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.
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