StockNews.com Downgrades Federal Signal (NYSE:FSS) to Hold

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

Separately, DA Davidson cut their price target on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th.

Federal Signal Stock Up 0.0 %

Federal Signal stock opened at $91.80 on Friday. The company has a market cap of $5.61 billion, a P/E ratio of 26.61 and a beta of 0.99. Federal Signal has a 1-year low of $71.29 and a 1-year high of $102.18. The company has a fifty day simple moving average of $92.00 and a 200 day simple moving average of $90.78. 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 issued its quarterly earnings data 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 net margin of 11.57% and a return on equity of 18.46%. The firm 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 firm posted $0.71 earnings per share. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Research analysts anticipate that Federal Signal will post 3.34 earnings per share for the current fiscal year.

Institutional Trading of Federal Signal

Hedge funds have recently modified their holdings of the business. Federated Hermes Inc. boosted its holdings in Federal Signal by 0.6% in the 2nd quarter. Federated Hermes Inc. now owns 20,311 shares of the conglomerate’s stock worth $1,699,000 after buying an additional 121 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Federal Signal by 4.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,996 shares of the conglomerate’s stock worth $251,000 after purchasing an additional 130 shares during the period. Crossmark Global Holdings Inc. boosted its stake in Federal Signal by 4.1% during the third quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate’s stock worth $399,000 after buying an additional 169 shares during the period. Xponance Inc. lifted its stake in Federal Signal by 4.9% in the second quarter. Xponance Inc. now owns 3,812 shares of the conglomerate’s stock worth $319,000 after purchasing an additional 178 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Federal Signal by 2.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,339 shares of the conglomerate’s stock valued at $530,000 after purchasing an additional 180 shares during the period. Institutional investors 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.