Federal Signal (FSS) Upgraded to “Hold” by Zacks Investment Research

Federal Signal (NYSE:FSS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.

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 downgraded Federal Signal from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $22.50.

Shares of Federal Signal (NYSE FSS) traded up $0.08 during mid-day trading on Monday, reaching $20.99. The company had a trading volume of 208,123 shares, compared to its average volume of 234,729. Federal Signal has a 12 month low of $13.07 and a 12 month high of $23.64. The company has a market capitalization of $1,250.00, a P/E ratio of 29.15 and a beta of 1.33. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.23 and a current ratio of 2.37.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share for the quarter, beating 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 the consensus estimate of $240.30 million. During the same quarter last year, the company earned $0.17 earnings per share. The firm’s revenue for the quarter was up 33.4% compared to the same quarter last year. sell-side analysts predict that Federal Signal will post 0.81 EPS for the current fiscal year.

In other Federal Signal news, Director James E. Goodwin sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $20.67, for a total value of $206,700.00. Following the completion of the sale, the director now owns 122,929 shares of the company’s stock, valued at $2,540,942.43. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Brenda Reichelderfer sold 8,279 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $20.76, for a total value of $171,872.04. Following the completion of the sale, the director now directly owns 69,388 shares of the company’s stock, valued at approximately $1,440,494.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,172 shares of company stock worth $2,338,207. 4.20% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Federal Signal by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,197,214 shares of the conglomerate’s stock worth $55,503,000 after acquiring an additional 103,228 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Federal Signal by 16.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 388,019 shares of the conglomerate’s stock worth $6,737,000 after acquiring an additional 53,602 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Federal Signal by 14.9% in the third quarter. State Board of Administration of Florida Retirement System now owns 63,738 shares of the conglomerate’s stock worth $1,356,000 after acquiring an additional 8,275 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in Federal Signal by 6.3% in the second quarter. Macquarie Group Ltd. now owns 1,139,379 shares of the conglomerate’s stock worth $19,780,000 after acquiring an additional 67,137 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in Federal Signal by 84.6% in the third quarter. Campbell & CO Investment Adviser LLC now owns 21,825 shares of the conglomerate’s stock worth $464,000 after acquiring an additional 10,000 shares in the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.

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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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