Federal Signal (NYSE:FSS) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Federal Signal Corporation (NYSE:FSS)’s share price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $115.70 and traded as low as $111.20. Federal Signal shares last traded at $111.78, with a volume of 630,433 shares traded.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FSS. Zacks Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. DA Davidson reduced their price objective on Federal Signal from $132.00 to $126.00 and set a “neutral” rating for the company in a research note on Monday, November 2nd. Weiss Ratings raised Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Citigroup decreased their price objective on Federal Signal from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, November 2nd. Finally, Wall Street Zen cut Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.25.

Federal Signal Trading Up 1.0%

The company has a debt-to-equity ratio of 0.27, a current ratio of 2.96 and a quick ratio of 1.35. The company has a fifty day moving average of $114.79 and a 200-day moving average of $115.71. The firm has a market capitalization of $6.90 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.39 and a beta of 1.22.

Federal Signal (NYSE:FSS) last issued its earnings results on Thursday, October 29th. The conglomerate reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. Federal Signal had a return on equity of 21.31% and a net margin of 11.65%. The firm had revenue of $655.50 million for the quarter, compared to the consensus estimate of $661.61 million. During the same quarter in the previous year, the company posted $1.14 earnings per share. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Federal Signal Corporation will post 5.24 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. Federal Signal’s payout ratio is presently 12.45%.

Hedge Funds Weigh In On Federal Signal

A number of hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in shares of Federal Signal by 101.2% during the 3rd quarter. Allworth Financial LP now owns 511 shares of the conglomerate’s stock valued at $57,000 after purchasing an additional 257 shares in the last quarter. Maryland State Retirement & Pension System lifted its stake in shares of Federal Signal by 53.1% in the 3rd quarter. Maryland State Retirement & Pension System now owns 13,585 shares of the conglomerate’s stock valued at $1,505,000 after purchasing an additional 4,713 shares during the last quarter. Jacobi Capital Management LLC acquired a new stake in shares of Federal Signal in the 3rd quarter valued at $44,000. Bahl & Gaynor LLC boosted its holdings in Federal Signal by 2.0% in the third quarter. Bahl & Gaynor LLC now owns 88,354 shares of the conglomerate’s stock worth $9,789,000 after purchasing an additional 1,705 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Federal Signal by 43.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 335,198 shares of the conglomerate’s stock worth $37,599,000 after purchasing an additional 101,385 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Company Profile

Federal Signal Corporation (NYSE:FSS) designs and manufactures equipment and systems used by municipalities, government agencies, industrial organizations and commercial customers. Its products support public safety, infrastructure maintenance, environmental protection and emergency response activities.

The company operates through two principal business areas: Environmental Solutions and Safety and Security Systems. Environmental Solutions products include street sweepers, sewer cleaners, vacuum trucks, hydro-excavation equipment, dump bodies and snow and ice control equipment.