Federal Signal (NYSE:FSS) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Federal Signal (NYSE:FSS) from a hold rating to a buy rating in a research report report published on Friday.

Other analysts also recently issued reports about the company. Raymond James restated an “outperform” rating and issued a $110.00 target price on shares of Federal Signal in a research note on Tuesday, December 24th. DA Davidson reduced their target price on Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th.

Federal Signal Stock Performance

Shares of FSS opened at $93.64 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The stock has a 50-day moving average of $95.88 and a 200-day moving average of $92.97. The company has a market cap of $5.72 billion, a PE ratio of 27.14, a P/E/G ratio of 1.85 and a beta of 1.01. Federal Signal has a one year low of $76.85 and a one year high of $102.18.

Hedge Funds Weigh In On Federal Signal

A number of hedge funds have recently added to or reduced their stakes in FSS. Capital World Investors acquired a new position in Federal Signal during the 4th quarter valued at about $79,810,000. Norges Bank acquired a new position in Federal Signal during the 4th quarter valued at about $78,192,000. Raymond James Financial Inc. acquired a new position in Federal Signal during the 4th quarter valued at about $36,636,000. First Trust Advisors LP boosted its stake in Federal Signal by 56.5% during the 4th quarter. First Trust Advisors LP now owns 894,136 shares of the conglomerate’s stock valued at $82,609,000 after purchasing an additional 322,676 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC acquired a new position in Federal Signal during the 3rd quarter valued at about $28,863,000. Institutional investors and hedge funds 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.