Federal Signal (NYSE:FSS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday.
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 research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.50.
Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, November 2nd. The conglomerate reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Federal Signal had a net margin of 5.30% and a return on equity of 11.39%. The business had revenue of $249.00 million for the quarter, compared to analyst estimates of $240.30 million. During the same period last year, the firm earned $0.17 earnings per share. Federal Signal’s revenue for the quarter was up 33.4% compared to the same quarter last year. analysts anticipate that Federal Signal will post 0.81 EPS for the current fiscal year.
In other Federal Signal news, Director Brenda Reichelderfer sold 8,279 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $20.76, for a total transaction of $171,872.04. Following the sale, the director now directly owns 69,388 shares in the company, valued at $1,440,494.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James E. Goodwin sold 10,000 shares of the 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 sale, 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. Insiders have sold 110,172 shares of company stock worth $2,338,207 over the last quarter. Corporate insiders own 4.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in Federal Signal during the third quarter worth about $120,000. Pinebridge Investments L.P. grew its stake in Federal Signal by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock worth $137,000 after buying an additional 86 shares in the last quarter. First Quadrant L P CA acquired a new stake in Federal Signal during the third quarter worth about $187,000. SG Americas Securities LLC acquired a new stake in Federal Signal during the third quarter worth about $212,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Federal Signal during the third quarter worth about $241,000. Hedge funds and other institutional investors own 84.10% 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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