Sidoti assumed coverage on shares of Federal Signal (NYSE:FSS) in a research report sent to investors on Tuesday. The brokerage issued a neutral rating on the conglomerate’s stock.
A number of other research analysts also recently issued reports on FSS. Zacks Investment Research upgraded Federal Signal from a hold rating to a strong-buy rating and set a $22.00 price target on the stock in a report on Tuesday, February 6th. ValuEngine downgraded Federal Signal from a buy rating to a hold rating in a report on Friday, December 1st. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Federal Signal currently has a consensus rating of Buy and an average price target of $21.00.
Federal Signal (NYSE FSS) opened at $19.42 on Tuesday. Federal Signal has a twelve month low of $13.07 and a twelve month high of $23.64. The stock has a market capitalization of $1,160.00, a PE ratio of 26.97 and a beta of 1.27. The company has a current ratio of 2.37, a quick ratio of 1.23 and a debt-to-equity ratio of 0.67.
In related news, Director James E. Goodwin sold 10,000 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $20.67, for a total transaction of $206,700.00. Following the transaction, the director now owns 122,929 shares in the company, valued at approximately $2,540,942.43. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.20% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC purchased a new position in Federal Signal during the 4th quarter valued at about $594,000. Macquarie Group Ltd. increased its holdings in Federal Signal by 9.3% during the 4th quarter. Macquarie Group Ltd. now owns 1,419,884 shares of the conglomerate’s stock valued at $28,525,000 after purchasing an additional 120,510 shares during the period. Jane Street Group LLC purchased a new position in Federal Signal during the 4th quarter valued at about $817,000. Millennium Management LLC increased its holdings in Federal Signal by 172.9% during the 4th quarter. Millennium Management LLC now owns 565,139 shares of the conglomerate’s stock valued at $11,354,000 after purchasing an additional 358,080 shares during the period. Finally, HBK Investments L P purchased a new position in Federal Signal during the 4th quarter valued at about $411,000. Institutional investors own 84.88% of the company’s stock.
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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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