Federal Signal (NYSE:FSS) Earns "Sector Weight" Rating from KeyCorp

Federal Signal (NYSE:FSS - Get Free Report)'s stock had its "sector weight" rating reaffirmed by investment analysts at KeyCorp in a research note issued on Friday, MarketBeat Ratings reports.

Several other analysts have also weighed in on FSS. DA Davidson lifted their price objective on Federal Signal from $84.00 to $96.00 and gave the stock a "neutral" rating in a report on Tuesday, June 24th. Raymond James Financial set a $120.00 price objective on Federal Signal and gave the stock an "outperform" rating in a report on Monday, June 30th.

Federal Signal Stock Performance

FSS traded down $3.05 during midday trading on Friday, reaching $110.03. The company's stock had a trading volume of 1,128,138 shares, compared to its average volume of 466,684. The stock has a market cap of $6.71 billion, a P/E ratio of 32.17, a PEG ratio of 2.11 and a beta of 1.27. The company has a fifty day simple moving average of $99.54 and a 200 day simple moving average of $90.66. The company has a current ratio of 2.39, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. Federal Signal has a twelve month low of $66.47 and a twelve month high of $114.40.

Federal Signal (NYSE:FSS - Get Free Report) last released its earnings results on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.03. Federal Signal had a return on equity of 18.44% and a net margin of 11.10%. The firm had revenue of $463.80 million for the quarter, compared to analyst estimates of $462.63 million. During the same quarter last year, the firm posted $0.64 EPS. The company's revenue was up 9.2% on a year-over-year basis. Research analysts expect that Federal Signal will post 3.34 earnings per share for the current year.

Federal Signal announced that its Board of Directors has approved a stock buyback plan on Tuesday, April 22nd that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the conglomerate to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Institutional Trading of Federal Signal

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Federal Signal by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 7,247,803 shares of the conglomerate's stock valued at $669,625,000 after buying an additional 93,597 shares in the last quarter. Invesco Ltd. boosted its stake in Federal Signal by 12.4% in the 4th quarter. Invesco Ltd. now owns 2,199,200 shares of the conglomerate's stock valued at $203,184,000 after buying an additional 242,840 shares in the last quarter. Geode Capital Management LLC boosted its stake in Federal Signal by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,630,971 shares of the conglomerate's stock valued at $150,715,000 after buying an additional 29,197 shares in the last quarter. FMR LLC boosted its stake in Federal Signal by 19.4% in the 4th quarter. FMR LLC now owns 1,469,614 shares of the conglomerate's stock valued at $135,778,000 after buying an additional 238,608 shares in the last quarter. Finally, Van Berkom & Associates Inc. raised its position in Federal Signal by 2.0% in the 1st quarter. Van Berkom & Associates Inc. now owns 1,045,565 shares of the conglomerate's stock valued at $76,901,000 after purchasing an additional 20,771 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

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.