Federal Signal (NYSE:FSS) Rating Lowered to Hold at StockNews.com

Federal Signal (NYSE:FSS - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Monday.

A number of other research firms also recently weighed in on FSS. DA Davidson cut their price target on Federal Signal from $94.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. Raymond James reissued an "outperform" rating and issued a $110.00 target price on shares of Federal Signal in a research note on Tuesday, December 24th.

Federal Signal Trading Down 0.1 %

NYSE:FSS traded down $0.05 on Monday, hitting $97.76. 221,732 shares of the stock were exchanged, compared to its average volume of 375,861. 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 $76.03 and a 52 week high of $102.18. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 28.34 and a beta of 1.01. The company's 50-day moving average price is $95.93 and its 200 day moving average price is $92.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSS. State Street Corp increased its stake in Federal Signal by 1.1% during the 3rd quarter. State Street Corp now owns 2,293,775 shares of the conglomerate's stock worth $214,376,000 after purchasing an additional 25,080 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Federal Signal by 17.6% during the third quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate's stock worth $149,727,000 after acquiring an additional 239,789 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of Federal Signal by 2.6% during the third quarter. Conestoga Capital Advisors LLC now owns 1,389,045 shares of the conglomerate's stock worth $129,820,000 after acquiring an additional 35,167 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Federal Signal by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate's stock valued at $72,112,000 after acquiring an additional 11,466 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Federal Signal by 26.7% in the 3rd quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate's stock worth $59,523,000 after purchasing an additional 134,457 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

About Federal Signal

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.