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

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 Thursday.

FSS has been the subject of several other research reports. Raymond James reiterated an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a research report on Tuesday, December 24th. DA Davidson cut their price objective on 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 opened at $96.64 on Thursday. The stock’s fifty day simple moving average is $95.94 and its 200 day simple moving average is $92.90. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 28.01 and a beta of 1.01. Federal Signal has a one year low of $76.03 and a one year high of $102.18.

Hedge Funds Weigh In On Federal Signal

Institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in Federal Signal in the 3rd quarter valued at $29,000. Quarry LP raised its position in shares of Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after acquiring an additional 183 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Federal Signal during the third quarter worth $46,000. Signaturefd LLC raised its position in shares of Federal Signal by 37.4% during the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock worth $56,000 after acquiring an additional 165 shares during the last quarter. Finally, Millburn Ridgefield Corp bought a new stake in shares of Federal Signal during the third quarter worth $70,000. 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.