Federal Signal Corporation (NYSE:FSS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “Federal Signal Corporation is a manufacturer and worldwide supplier of safety, signaling and communications equipment, hazardous area lighting, fire rescue products, street sweeping and vacuum loader vehicles, parking control equipment, custom on-premise signage, carbide cutting tools, precision punches and related die components. “

A number of other research firms also recently commented on FSS. BidaskClub downgraded Federal Signal Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. KeyCorp upgraded Federal Signal Corporation from a “sector weight” rating to an “overweight” rating and set a $20.00 price objective on the stock in a report on Tuesday, May 9th. Finally, TheStreet upgraded Federal Signal Corporation from a “c” rating to a “b-” rating in a report on Thursday, April 27th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $19.00.

Shares of Federal Signal Corporation (NYSE:FSS) traded down 0.16% during midday trading on Monday, hitting $18.51. The stock had a trading volume of 249,221 shares. Federal Signal Corporation has a one year low of $11.68 and a one year high of $18.64. The firm has a 50 day moving average price of $17.61 and a 200 day moving average price of $15.75. The stock has a market cap of $1.11 billion, a PE ratio of 30.29 and a beta of 1.37.

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In related news, Director Paul W. Jones sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $15.96, for a total transaction of $798,000.00. Following the transaction, the director now owns 72,901 shares in the company, valued at approximately $1,163,499.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Samuel Miceli sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $16.05, for a total value of $32,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 52,900 shares of company stock worth $844,662 in the last 90 days. 4.20% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in Federal Signal Corporation during the fourth quarter worth about $1,076,000. American Century Companies Inc. increased its position in Federal Signal Corporation by 0.8% in the fourth quarter. American Century Companies Inc. now owns 115,525 shares of the conglomerate’s stock worth $1,831,000 after buying an additional 877 shares in the last quarter. Assetmark purchased a new position in Federal Signal Corporation during the third quarter worth about $1,153,000. Northcoast Asset Management increased its position in Federal Signal Corporation by 28.7% in the third quarter. Northcoast Asset Management now owns 13,783 shares of the conglomerate’s stock worth $189,000 after buying an additional 3,072 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its position in Federal Signal Corporation by 0.8% in the fourth quarter. State of Wisconsin Investment Board now owns 566,190 shares of the conglomerate’s stock worth $8,974,000 after buying an additional 4,700 shares in the last quarter. Hedge funds and other institutional investors own 83.15% of the company’s stock.

Federal Signal Corporation 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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