Federal Signal Corporation $FSS Stock: Jefferies Financial Group Inc. Decreases Position

Jefferies Financial Group Inc. lessened its position in shares of Federal Signal Corporation (NYSE:FSS) by 64.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the conglomerate’s stock after selling 17,940 shares during the period. Jefferies Financial Group Inc.’s holdings in Federal Signal were worth $1,108,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. raised its holdings in shares of Federal Signal by 67.7% in the 3rd quarter. Richardson Financial Services Inc. now owns 265 shares of the conglomerate’s stock valued at $29,000 after purchasing an additional 107 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Federal Signal by 18.7% during the 1st quarter. Parallel Advisors LLC now owns 767 shares of the conglomerate’s stock worth $83,000 after purchasing an additional 121 shares during the last quarter. Trail Ridge Investment Advisors LLC grew its stake in shares of Federal Signal by 0.6% during the third quarter. Trail Ridge Investment Advisors LLC now owns 20,573 shares of the conglomerate’s stock worth $2,279,000 after purchasing an additional 122 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Federal Signal by 44.3% during the first quarter. EverSource Wealth Advisors LLC now owns 417 shares of the conglomerate’s stock worth $45,000 after purchasing an additional 128 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its stake in shares of Federal Signal by 5.5% during the first quarter. Arkadios Wealth Advisors now owns 2,683 shares of the conglomerate’s stock worth $290,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

FSS has been the topic of several recent analyst reports. Zacks Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. DA Davidson decreased their price target on Federal Signal from $132.00 to $126.00 and set a “neutral” rating for the company in a report on Monday, November 2nd. Wall Street Zen cut Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, Citigroup dropped their price objective on Federal Signal from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, November 2nd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.25.

Federal Signal Stock Down 0.0%

Shares of NYSE:FSS traded down $0.02 during trading on Friday, hitting $115.04. 274,570 shares of the company were exchanged, compared to its average volume of 494,569. The stock has a market capitalization of $7.02 billion, a P/E ratio of 23.87, a PEG ratio of 1.37 and a beta of 1.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.96 and a quick ratio of 1.35. Federal Signal Corporation has a 12-month low of $101.18 and a 12-month high of $134.51. The firm’s 50 day moving average price is $114.75 and its 200-day moving average price is $115.76.

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

Federal Signal Announces Dividend

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

Federal Signal Company Profile

Federal Signal Corporation designs and manufactures products and equipment for environmental services, public safety and security. Its customers include municipalities, contractors, industrial businesses and public safety organizations. Through its Environmental Solutions Group, the company makes street sweepers, sewer cleaners, industrial vacuum loaders, waterblasting equipment and related vehicles and services. Its Safety and Security Systems Group provides warning sirens, emergency vehicle equipment and systems for public notification and communication.