Federal Signal (NYSE:FSS) Raised to “Buy” at StockNews.com

Federal Signal (NYSE:FSS) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other equities analysts also recently commented on the stock. DA Davidson dropped their price objective on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Raymond James reiterated an “outperform” rating and issued a $110.00 price target on shares of Federal Signal in a research note on Tuesday, December 24th.

Federal Signal Trading Down 1.4 %

Shares of FSS opened at $92.66 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. Federal Signal has a 52-week low of $71.29 and a 52-week high of $102.18. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 26.86 and a beta of 0.99. The business’s fifty day moving average is $92.03 and its 200-day moving average is $91.06.

Federal Signal (NYSE:FSS) last released its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm had revenue of $474.20 million for the quarter, compared to analysts’ expectations of $481.71 million. During the same quarter in the previous year, the business posted $0.71 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities analysts anticipate that Federal Signal will post 3.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Federal Signal

A number of institutional investors have recently added to or reduced their stakes in FSS. State Street Corp raised its stake in shares of Federal Signal by 1.1% during the third quarter. State Street Corp now owns 2,293,775 shares of the conglomerate’s stock valued at $214,376,000 after acquiring an additional 25,080 shares during the last quarter. Geode Capital Management LLC raised its position in Federal Signal by 17.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock worth $149,727,000 after purchasing an additional 239,789 shares during the last quarter. Conestoga Capital Advisors LLC lifted its holdings in Federal Signal by 2.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,389,045 shares of the conglomerate’s stock worth $129,820,000 after buying an additional 35,167 shares during the period. Driehaus Capital Management LLC grew its position in shares of Federal Signal by 20.3% in the 2nd quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock valued at $76,340,000 after buying an additional 153,765 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Federal Signal by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock valued at $71,875,000 after buying an additional 31,517 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

Federal Signal Company Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.