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

Federal Signal (NYSE:FSS - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Saturday.

A number of other equities research analysts have also weighed in on FSS. DA Davidson decreased their target price 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 restated an "outperform" rating and issued a $110.00 price objective on shares of Federal Signal in a research note on Tuesday, December 24th.

Federal Signal Stock Up 0.1 %

FSS stock traded up $0.12 during midday trading on Friday, hitting $80.23. The company's stock had a trading volume of 802,939 shares, compared to its average volume of 451,327. The company has a market cap of $4.90 billion, a PE ratio of 23.25, a P/E/G ratio of 1.85 and a beta of 1.01. Federal Signal has a 12 month low of $76.85 and a 12 month high of $102.18. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The firm's 50-day moving average is $94.45 and its 200-day moving average is $92.48.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. The business had revenue of $472.00 million for the quarter, compared to analysts' expectations of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. On average, equities research analysts forecast that Federal Signal will post 3.34 earnings per share for the current fiscal year.

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Insider Transactions at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of the business's stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the purchase, the chief executive officer now owns 559,183 shares of the company's stock, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Federal Signal

A number of institutional investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Federal Signal in the 4th quarter worth $13,686,000. Public Employees Retirement System of Ohio increased its stake in Federal Signal by 18.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 21,443 shares of the conglomerate's stock worth $1,981,000 after buying an additional 3,377 shares in the last quarter. EDENTREE ASSET MANAGEMENT Ltd increased its stake in Federal Signal by 41.6% in the 4th quarter. EDENTREE ASSET MANAGEMENT Ltd now owns 18,055 shares of the conglomerate's stock worth $1,669,000 after buying an additional 5,300 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Federal Signal by 14.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,401 shares of the conglomerate's stock worth $16,113,000 after buying an additional 21,971 shares in the last quarter. Finally, Vident Advisory LLC bought a new position in shares of Federal Signal during the 4th quarter valued at about $209,000. Hedge funds and other institutional investors own 92.73% of the company's stock.

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.