Zacks Investment Research upgraded shares of Federal Signal (NYSE:FSS) from a sell rating to a hold rating in a research note issued to investors on Monday, January 22nd.
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 shares of Federal Signal from a buy rating to a hold rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Federal Signal presently has a consensus rating of Buy and a consensus target price of $21.00.
Federal Signal (NYSE:FSS) traded down $0.02 during mid-day trading on Monday, hitting $18.91. 34,365 shares of the company traded hands, compared to its average volume of 263,754. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.23 and a current ratio of 2.37. Federal Signal has a 52 week low of $13.07 and a 52 week high of $23.64. The company has a market cap of $1,137.29, a price-to-earnings ratio of 25.71 and a beta of 1.27.
In other news, Director James E. Goodwin sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were 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 of the company’s stock, valued at approximately $2,540,942.43. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Brenda Reichelderfer sold 45,721 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $20.76, for a total transaction of $949,167.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,000 shares of company stock valued at $1,348,940. Corporate insiders own 4.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of FSS. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Federal Signal by 993.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,133,385 shares of the conglomerate’s stock valued at $66,678,000 after purchasing an additional 2,846,707 shares in the last quarter. FMR LLC lifted its holdings in Federal Signal by 104.4% during the second quarter. FMR LLC now owns 1,591,319 shares of the conglomerate’s stock valued at $27,625,000 after purchasing an additional 812,669 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in Federal Signal during the third quarter valued at approximately $6,833,000. WINTON GROUP Ltd purchased a new position in Federal Signal during the fourth quarter valued at approximately $5,680,000. Finally, Renaissance Technologies LLC lifted its holdings in Federal Signal by 196.9% during the fourth quarter. Renaissance Technologies LLC now owns 345,300 shares of the conglomerate’s stock valued at $6,937,000 after purchasing an additional 229,000 shares in the last quarter. 84.09% of the stock is owned by 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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