Federal Signal Co. (FSS) Given Average Rating of “Hold” by Analysts

Federal Signal Co. (NYSE:FSS) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $20.00.

Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Federal Signal from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Monday, November 6th. ValuEngine downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

In other Federal Signal news, Director Brenda Reichelderfer sold 45,721 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $20.76, for a total transaction of $949,167.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James E. Goodwin sold 10,000 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $20.67, for a total transaction of $206,700.00. Following the transaction, the director now directly 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 three months, insiders have sold 110,172 shares of company stock worth $2,338,207. Insiders own 4.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Federal Signal by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,197,214 shares of the conglomerate’s stock valued at $55,503,000 after purchasing an additional 103,228 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in Federal Signal by 993.0% during the 3rd 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 during the period. Goldman Sachs Group Inc. increased its position in Federal Signal by 5.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,517,979 shares of the conglomerate’s stock valued at $43,712,000 after purchasing an additional 123,700 shares during the period. FMR LLC increased its position in Federal Signal by 104.4% during the 2nd 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 during the period. Finally, State Street Corp increased its position in Federal Signal by 1.7% during the 2nd quarter. State Street Corp now owns 1,560,730 shares of the conglomerate’s stock valued at $27,095,000 after purchasing an additional 25,703 shares during the period. 84.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of Federal Signal (NYSE FSS) traded up $0.42 during midday trading on Friday, hitting $20.91. 201,373 shares of the company traded hands, compared to its average volume of 182,448. The company has a current ratio of 2.37, a quick ratio of 1.23 and a debt-to-equity ratio of 0.67. Federal Signal has a 12 month low of $13.07 and a 12 month high of $23.64. The stock has a market capitalization of $1,229.07, a P/E ratio of 28.64 and a beta of 1.33.

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

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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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