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

Federal Signal (NYSE:FSS) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Separately, DA Davidson cut 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.

Federal Signal Price Performance

Shares of Federal Signal stock traded up $0.03 on Friday, hitting $91.80. 730,514 shares of the company traded hands, compared to its average volume of 356,561. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The stock has a market capitalization of $5.61 billion, a P/E ratio of 26.61 and a beta of 0.99. The business has a 50-day simple moving average of $92.00 and a 200 day simple moving average of $90.74. Federal Signal has a 52 week low of $71.29 and a 52 week high of $102.18.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $474.20 million during the quarter, compared to the consensus estimate of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 EPS. Research analysts expect that Federal Signal will post 3.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Federal Signal

Institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Federal Signal by 2.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,339 shares of the conglomerate’s stock worth $530,000 after purchasing an additional 180 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Federal Signal by 4.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,996 shares of the conglomerate’s stock worth $251,000 after acquiring an additional 130 shares during the period. Fifth Third Bancorp grew its position in shares of Federal Signal by 30.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,124 shares of the conglomerate’s stock valued at $94,000 after acquiring an additional 260 shares during the period. Bank of New York Mellon Corp grew its holdings in Federal Signal by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 524,869 shares of the conglomerate’s stock valued at $43,916,000 after purchasing an additional 11,685 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Federal Signal by 2.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,996 shares of the conglomerate’s stock valued at $1,171,000 after acquiring an additional 329 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

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.