Federal Signal Co. (NYSE:FSS) Sees Large Decrease in Short Interest

Federal Signal Co. (NYSE:FSS - Get Free Report) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 2,760,000 shares, a drop of 6.4% from the January 15th total of 2,950,000 shares. Currently, 4.7% of the company's stock are short sold. Based on an average trading volume of 390,000 shares, the days-to-cover ratio is presently 7.1 days.

Analysts Set New Price Targets

Several analysts have recently weighed in on FSS shares. StockNews.com raised shares of Federal Signal from a "hold" rating to a "buy" rating in a report on Friday. Raymond James reaffirmed an "outperform" rating and issued a $110.00 price target on shares of Federal Signal in a report on Tuesday, December 24th. Finally, DA Davidson reduced their price target on shares of Federal Signal from $94.00 to $90.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th.

Institutional Trading of Federal Signal

Institutional investors and hedge funds have recently modified their holdings of the business. CoreCap Advisors LLC increased its holdings in shares of Federal Signal by 19.9% in the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after acquiring an additional 145 shares during the period. Mather Group LLC. lifted its position in shares of Federal Signal by 20.1% in the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock worth $82,000 after purchasing an additional 149 shares in the last quarter. Arizona State Retirement System raised its position in Federal Signal by 0.9% during the fourth quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate's stock valued at $1,640,000 after acquiring an additional 152 shares in the last quarter. Albion Financial Group UT raised its position in Federal Signal by 1.3% during the fourth quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate's stock valued at $1,120,000 after acquiring an additional 153 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Federal Signal by 37.4% in the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock valued at $56,000 after purchasing an additional 165 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Trading Down 3.6 %

FSS traded down $3.48 during trading on Friday, hitting $93.64. 389,296 shares of the company's stock were exchanged, compared to its average volume of 373,753. The firm has a market cap of $5.72 billion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 1.89 and a beta of 1.01. The stock has a 50 day moving average price of $95.88 and a 200 day moving average price of $92.97. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. Federal Signal has a 1 year low of $76.85 and a 1 year high of $102.18.

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.