Zacks Investment Research upgraded shares of Federal Signal (NYSE:FSS) from a sell rating to a hold rating in a research note published on Monday, January 22nd.
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 research note on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $22.50.
Federal Signal (FSS) traded down $0.12 on Monday, reaching $20.76. The company had a trading volume of 175,284 shares, compared to its average volume of 236,425. Federal Signal has a one year low of $13.07 and a one year 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 stock has a market cap of $1,250.00, a PE ratio of 28.83 and a beta of 1.33.
Federal Signal (NYSE:FSS) last issued its earnings results on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.03. Federal Signal had a return on equity of 11.39% and a net margin of 5.30%. The business had revenue of $249.00 million during the quarter, compared to analysts’ expectations of $240.30 million. During the same period in the prior year, the business earned $0.17 EPS. The business’s revenue for the quarter was up 33.4% compared to the same quarter last year. sell-side analysts anticipate that Federal Signal will post 0.81 EPS for the current fiscal year.
In other news, Director Dennis J. Martin sold 45,172 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $21.90, for a total value of $989,266.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James E. Goodwin sold 10,000 shares of the company’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 in the company, valued at approximately $2,540,942.43. The disclosure for this sale can be found here. Insiders have sold a total of 110,172 shares of company stock worth $2,338,207 over the last ninety days. 4.20% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Pinebridge Investments L.P. boosted its position 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 purchasing an additional 86 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Federal Signal by 0.6% in the second quarter. Thrivent Financial For Lutherans now owns 281,600 shares of the conglomerate’s stock valued at $4,889,000 after acquiring an additional 1,700 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Federal Signal by 8.4% in the second quarter. Voya Investment Management LLC now owns 30,158 shares of the conglomerate’s stock valued at $524,000 after acquiring an additional 2,338 shares in the last quarter. BW Gestao de Investimentos Ltda. lifted its position in shares of Federal Signal by 17.9% in the second quarter. BW Gestao de Investimentos Ltda. now owns 15,715 shares of the conglomerate’s stock valued at $273,000 after acquiring an additional 2,385 shares in the last quarter. Finally, American International Group Inc. lifted its position in shares of Federal Signal by 5.8% in the third quarter. American International Group Inc. now owns 46,850 shares of the conglomerate’s stock valued at $997,000 after acquiring an additional 2,556 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.
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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