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

Federal Signal (NYSE:FSS) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other research firms also recently commented on FSS. DA Davidson cut their target price 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. Raymond James reissued an “outperform” rating and set a $110.00 price objective on shares of Federal Signal in a report on Tuesday, December 24th.

Federal Signal Trading Down 0.8 %

Shares of Federal Signal stock opened at $81.03 on Friday. The company’s fifty day moving average price is $94.93 and its two-hundred day moving average price is $92.71. The firm has a market capitalization of $4.95 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 1.85 and a beta of 1.01. Federal Signal has a 52-week low of $76.85 and a 52-week high of $102.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

Federal Signal (NYSE:FSS) last posted its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.87. The business had revenue of $472.00 million for the quarter, compared to analysts’ expectations of $481.90 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. On average, analysts expect that Federal Signal will post 3.34 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FSS. Pembroke Management LTD raised its position in Federal Signal by 5.4% in the 3rd quarter. Pembroke Management LTD now owns 221,260 shares of the conglomerate’s stock valued at $20,679,000 after purchasing an additional 11,411 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Federal Signal by 40.0% in the third quarter. Van ECK Associates Corp now owns 37,263 shares of the conglomerate’s stock valued at $3,483,000 after buying an additional 10,647 shares in the last quarter. Summit Global Investments bought a new position in shares of Federal Signal in the third quarter valued at about $748,000. Crossmark Global Holdings Inc. lifted its position in Federal Signal by 4.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate’s stock worth $399,000 after buying an additional 169 shares in the last quarter. Finally, Aigen Investment Management LP bought a new stake in Federal Signal during the 3rd quarter worth about $466,000. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Company Profile

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.