Federal Signal (NYSE:FSS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.
According to Zacks, “Federal Signal Corporation (NYSE:FSS) is a leader in environmental and safety solutions. It provides products and services to protect people and the planet. Federal Signal is a leading global designer, manufacturer and supplier of products of and total solutions that serve municipal, governmental, industrial and commercial customers. With manufacturing facilities worldwide, the company operates through the following business segments: Environmental Solutions and Safety and Security Systems. Federal Signal is best known for its variety of emergency lighting, sirens, industrial equipment, and public safety solutions under brands including Federal Signal, Elgin, Guzzler, Jetstream, Vactor and Victor. Federal Signal Corporation is headquartered in Oak Brook, IL. “
Separately, ValuEngine lowered Federal Signal from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Federal Signal has a consensus rating of “Buy” and a consensus price target of $22.50.
Federal Signal (NYSE FSS) traded up $0.08 during trading on Monday, hitting $20.99. The stock had a trading volume of 208,123 shares, compared to its average volume of 234,729. The stock has a market capitalization of $1,250.00, a PE ratio of 29.15 and a beta of 1.33. Federal Signal has a 1-year low of $13.07 and a 1-year high of $23.64. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.37 and a quick ratio of 1.23.
Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.03. The business had revenue of $249.00 million during the quarter, compared to analysts’ expectations of $240.30 million. Federal Signal had a return on equity of 11.39% and a net margin of 5.30%. The business’s revenue was up 33.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. equities analysts forecast that Federal Signal will post 0.81 EPS for the current fiscal year.
In other news, Director Brenda Reichelderfer sold 45,721 shares of Federal Signal stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $20.76, for a total value of $949,167.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James E. Goodwin sold 10,000 shares of Federal Signal stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $20.67, for a total value of $206,700.00. Following the completion of the sale, the director now directly owns 122,929 shares in the company, valued at $2,540,942.43. The disclosure for this sale can be found here. Insiders sold 110,172 shares of company stock worth $2,338,207 over the last ninety days. Corporate insiders own 4.20% of the company’s stock.
Several large investors have recently modified their holdings of FSS. Schwab Charles Investment Management Inc. boosted its stake in shares of Federal Signal by 16.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 388,019 shares of the conglomerate’s stock worth $6,737,000 after acquiring an additional 53,602 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Federal Signal by 1.0% during the second quarter. Principal Financial Group Inc. now owns 472,350 shares of the conglomerate’s stock worth $8,200,000 after buying an additional 4,542 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Federal Signal by 5.0% during the second quarter. Wells Fargo & Company MN now owns 172,750 shares of the conglomerate’s stock worth $2,998,000 after buying an additional 8,260 shares during the last quarter. Teachers Advisors LLC boosted its stake in Federal Signal by 9.6% during the second quarter. Teachers Advisors LLC now owns 105,191 shares of the conglomerate’s stock worth $1,826,000 after buying an additional 9,220 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Federal Signal by 1.2% during the second quarter. Ameriprise Financial Inc. now owns 323,812 shares of the conglomerate’s stock worth $5,621,000 after buying an additional 3,996 shares during the last quarter. 84.09% of the stock is currently owned by hedge funds and other institutional investors.
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Federal Signal Company Profile
Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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