StockNews.com Upgrades Federal Signal (NYSE:FSS) to Buy

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

Several other brokerages have also weighed in on FSS. DA Davidson lowered their price objective on Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Raymond James reissued an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a report on Tuesday, December 24th.

Federal Signal Stock Down 2.2 %

Shares of Federal Signal stock opened at $97.09 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The firm has a market cap of $5.93 billion, a P/E ratio of 28.14, a P/E/G ratio of 1.87 and a beta of 1.01. Federal Signal has a fifty-two week low of $76.85 and a fifty-two week high of $102.18. The business has a 50-day moving average price of $95.88 and a 200 day moving average price of $92.97.

Hedge Funds Weigh In On Federal Signal

A number of hedge funds and other institutional investors have recently bought and sold shares of FSS. CWM LLC boosted its stake in Federal Signal by 23.1% in the third quarter. CWM LLC now owns 1,171 shares of the conglomerate’s stock valued at $109,000 after acquiring an additional 220 shares during the period. Creative Planning boosted its stake in Federal Signal by 19.8% in the third quarter. Creative Planning now owns 30,203 shares of the conglomerate’s stock valued at $2,823,000 after acquiring an additional 4,984 shares during the period. Assenagon Asset Management S.A. boosted its stake in Federal Signal by 113.4% in the third quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate’s stock valued at $37,200,000 after acquiring an additional 211,555 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in Federal Signal by 1.7% in the third quarter. Legacy Wealth Asset Management LLC now owns 13,984 shares of the conglomerate’s stock valued at $1,307,000 after acquiring an additional 227 shares during the period. Finally, Cavalier Investments LLC boosted its stake in Federal Signal by 6.4% in the third quarter. Cavalier Investments LLC now owns 10,378 shares of the conglomerate’s stock valued at $970,000 after acquiring an additional 621 shares during the period. 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.