Federal Signal (NYSE:FSS) Stock Rating Lowered by StockNews.com

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

Several other brokerages have also commented on FSS. Raymond James restated an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a report on Tuesday, December 24th. DA Davidson decreased their price target on shares of 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 Price Performance

FSS opened at $96.79 on Monday. The stock’s 50 day moving average price is $95.94 and its 200-day moving average price is $92.86. Federal Signal has a 52-week low of $76.03 and a 52-week high of $102.18. The stock has a market capitalization of $5.91 billion, a PE ratio of 28.06 and a beta of 1.01. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83.

Hedge Funds Weigh In On Federal Signal

Hedge funds have recently modified their holdings of the company. State Street Corp boosted its holdings in Federal Signal by 1.1% in the 3rd quarter. State Street Corp now owns 2,293,775 shares of the conglomerate’s stock worth $214,376,000 after buying an additional 25,080 shares during the period. Geode Capital Management LLC raised its stake in Federal Signal by 17.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock valued at $149,727,000 after purchasing an additional 239,789 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in Federal Signal by 2.6% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,389,045 shares of the conglomerate’s stock worth $129,820,000 after purchasing an additional 35,167 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Federal Signal by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock worth $71,875,000 after purchasing an additional 31,517 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Federal Signal by 26.7% during the 3rd quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock valued at $59,523,000 after buying an additional 134,457 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

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.