Federal Signal (NYSE:FSS) Downgraded to Hold Rating by StockNews.com

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

FSS has been the subject of a number of other research reports. Raymond James reiterated an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a research note on Tuesday, December 24th. DA Davidson reduced their price objective on Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th.

Federal Signal Trading Down 1.4 %

NYSE:FSS traded down $1.42 during trading hours on Monday, hitting $96.89. The company had a trading volume of 706,738 shares, compared to its average volume of 375,859. The company has a market cap of $5.92 billion, a P/E ratio of 28.08 and a beta of 1.01. Federal Signal has a 1 year low of $76.03 and a 1 year high of $102.18. The company has a 50-day moving average of $95.97 and a 200 day moving average of $92.80. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19.

Federal Signal (NYSE:FSS) last released its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $474.20 million during the quarter, compared to analyst estimates of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. Federal Signal’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share. Sell-side 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 acquired a new position in Federal Signal in the 3rd quarter worth $29,000. Quarry LP increased its holdings in Federal Signal by 73.5% in 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 last quarter. Wilmington Savings Fund Society FSB bought a new position in Federal Signal during the 3rd quarter worth approximately $46,000. Millburn Ridgefield Corp acquired a new position in shares of Federal Signal in the 3rd quarter worth approximately $70,000. Finally, Mather Group LLC. raised its position 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 acquiring an additional 149 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

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.