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

Federal Signal (NYSE:FSS) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Several other brokerages have also recently weighed in on FSS. DA Davidson reduced their price objective 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 restated an “outperform” rating and set a $110.00 price target on shares of Federal Signal in a report on Tuesday, December 24th.

Federal Signal Stock Down 0.0 %

Shares of FSS opened at $96.79 on Monday. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 28.06 and a beta of 1.01. The business’s 50 day simple moving average is $95.94 and its 200-day simple moving average is $92.86. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. Federal Signal has a 1 year low of $76.03 and a 1 year high of $102.18.

Institutional Investors Weigh In On Federal Signal

A number of institutional investors and hedge funds have recently modified their holdings of FSS. Barclays PLC boosted its stake in shares of Federal Signal by 338.7% during the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock valued at $13,569,000 after purchasing an additional 112,092 shares during the period. First Hawaiian Bank boosted its position in Federal Signal by 520.7% in the 4th quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate’s stock valued at $1,640,000 after buying an additional 14,891 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Federal Signal by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock valued at $71,875,000 after buying an additional 31,517 shares during the period. Quest Partners LLC increased its position in shares of Federal Signal by 4,025.9% during the third quarter. Quest Partners LLC now owns 18,608 shares of the conglomerate’s stock worth $1,739,000 after acquiring an additional 18,157 shares during the period. Finally, EULAV Asset Management raised its stake in shares of Federal Signal by 15.3% during the third quarter. EULAV Asset Management now owns 240,803 shares of the conglomerate’s stock valued at $22,505,000 after acquiring an additional 32,000 shares in the last quarter. 92.73% of the stock is owned by 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.