Federal Signal (NYSE:FSS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.

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 cut Federal Signal from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Federal Signal has an average rating of “Buy” and an average target price of $22.50.

Shares of Federal Signal (NYSE:FSS) traded down $0.05 on Thursday, hitting $20.40. The company had a trading volume of 153,364 shares, compared to its average volume of 260,911. Federal Signal has a 12 month low of $13.07 and a 12 month high of $23.64. The company has a current ratio of 2.37, a quick ratio of 1.23 and a debt-to-equity ratio of 0.67. The company has a market cap of $1,237.47, a PE ratio of 26.79 and a beta of 1.30.

Federal Signal (NYSE:FSS) last issued its earnings results on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Federal Signal had a return on equity of 11.39% and a net margin of 5.30%. The company had revenue of $249.00 million for the quarter, compared to analysts’ expectations of $240.30 million. During the same period last year, the business earned $0.17 EPS. Federal Signal’s quarterly revenue was up 33.4% compared to the same quarter last year. analysts anticipate that Federal Signal will post 0.81 earnings per share for the current fiscal year.

In other Federal Signal news, Director Brenda Reichelderfer sold 45,721 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $20.76, for a total transaction of $949,167.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James E. Goodwin sold 10,000 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $20.67, for a total value of $206,700.00. Following the transaction, the director now owns 122,929 shares in the company, valued at $2,540,942.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,172 shares of company stock worth $2,338,207. Company insiders own 4.20% of the company’s stock.

Large investors have recently modified their holdings of the business. IFP Advisors Inc lifted its stake in Federal Signal by 12,320.0% during the 2nd quarter. IFP Advisors Inc now owns 6,831 shares of the conglomerate’s stock valued at $119,000 after acquiring an additional 6,776 shares in the last quarter. Quantbot Technologies LP bought a new position in Federal Signal during the 3rd quarter valued at $120,000. Pinebridge Investments L.P. lifted its stake in Federal Signal by 1.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock valued at $137,000 after acquiring an additional 86 shares in the last quarter. First Quadrant L P CA bought a new position in Federal Signal during the 3rd quarter valued at $187,000. Finally, SG Americas Securities LLC bought a new position in Federal Signal during the 3rd quarter valued at $212,000. Institutional investors and hedge funds own 84.12% of the company’s stock.

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About Federal Signal

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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