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

StockNews.com downgraded shares of Federal Signal (NYSE:FSS - Free Report) from a buy rating to a hold rating in a research report released on Thursday.

A number of other brokerages also recently weighed in on FSS. Raymond James restated an "outperform" rating and set a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th. DA Davidson lowered their target price 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.

Federal Signal Stock Down 0.1 %

Shares of NYSE FSS traded down $0.13 during midday trading on Thursday, reaching $96.97. The company's stock had a trading volume of 260,788 shares, compared to its average volume of 369,534. 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 fifty-two week low of $76.85 and a fifty-two week high of $102.18. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 28.11 and a beta of 1.01. The stock has a 50 day simple moving average of $95.85 and a 200-day simple moving average of $92.87.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FSS. V Square Quantitative Management LLC bought a new position in Federal Signal during the 3rd quarter worth approximately $29,000. Quarry LP raised its holdings in Federal Signal by 73.5% during the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate's stock worth $40,000 after purchasing an additional 183 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Federal Signal during the 3rd quarter worth approximately $46,000. Signaturefd LLC raised its holdings in Federal Signal by 37.4% during the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after purchasing an additional 165 shares during the last quarter. Finally, Millburn Ridgefield Corp bought a new position in Federal Signal during the 3rd quarter worth approximately $70,000. Institutional investors own 92.73% of the company's stock.

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.