Federal Signal (NYSE:FSS) Rating Lowered to Hold at StockNews.com

Federal Signal (NYSE:FSS) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Several other brokerages also recently commented on FSS. Raymond James reiterated an “outperform” rating and issued a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th. DA Davidson dropped 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.

Federal Signal Price Performance

Shares of FSS stock traded down $1.42 during mid-day trading on Monday, hitting $96.89. 706,738 shares of the stock traded hands, compared to its average volume of 375,859. Federal Signal has a twelve month low of $76.03 and a twelve month high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The company’s 50-day simple moving average is $95.97 and its 200-day simple moving average is $92.80. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 28.08 and a beta of 1.01.

Federal Signal (NYSE:FSS) last announced its earnings results on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, beating the consensus estimate of $0.84 by $0.04. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The business had revenue of $474.20 million during the quarter, compared to the consensus estimate of $481.71 million. During the same period in the prior year, the business posted $0.71 earnings per share. Federal Signal’s revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts expect that Federal Signal will post 3.34 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in Federal Signal during the third quarter worth about $29,000. Quarry LP grew its position in Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after buying an additional 183 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Federal Signal during the third quarter worth about $46,000. Millburn Ridgefield Corp purchased a new stake in Federal Signal in the 3rd quarter worth about $70,000. Finally, Mather Group LLC. lifted its stake in shares of Federal Signal by 20.1% during the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock valued at $82,000 after buying an additional 149 shares in the last quarter. Institutional investors and hedge funds 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.