ValuEngine Lowers Federal Signal (FSS) to Hold

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Federal Signal (NYSE:FSS) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Saturday, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research report on Monday, March 4th.

Shares of NYSE:FSS opened at $24.75 on Friday. The company has a market cap of $1.53 billion, a PE ratio of 17.31 and a beta of 1.46. Federal Signal has a one year low of $18.59 and a one year high of $29.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.05 and a current ratio of 2.08.

Federal Signal (NYSE:FSS) last issued its earnings results on Thursday, May 2nd. The conglomerate reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. The business had revenue of $273.80 million for the quarter, compared to analyst estimates of $264.40 million. Federal Signal had a net margin of 8.85% and a return on equity of 17.57%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company posted $0.23 earnings per share. Sell-side analysts anticipate that Federal Signal will post 1.57 earnings per share for the current year.

In other news, Director Dennis J. Martin sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $24.87, for a total transaction of $1,492,200.00. Following the transaction, the director now directly owns 250,080 shares of the company’s stock, valued at $6,219,489.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 4.00% of the company’s stock.

Large investors have recently modified their holdings of the company. Stone Ridge Asset Management LLC increased its position in shares of Federal Signal by 49.3% during the fourth quarter. Stone Ridge Asset Management LLC now owns 40,175 shares of the conglomerate’s stock worth $799,000 after acquiring an additional 13,260 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Federal Signal by 4.5% during the third quarter. Bank of New York Mellon Corp now owns 846,360 shares of the conglomerate’s stock valued at $22,666,000 after purchasing an additional 36,575 shares in the last quarter. Algert Global LLC boosted its stake in shares of Federal Signal by 2.3% during the fourth quarter. Algert Global LLC now owns 137,673 shares of the conglomerate’s stock valued at $2,740,000 after purchasing an additional 3,044 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Federal Signal by 2.2% during the fourth quarter. Millennium Management LLC now owns 458,558 shares of the conglomerate’s stock valued at $9,125,000 after purchasing an additional 9,883 shares in the last quarter. Finally, Signet Investment Advisory Group Inc. bought a new position in shares of Federal Signal during the fourth quarter valued at approximately $89,000. 89.37% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Company Profile

Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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