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

StockNews.com cut shares of Federal Signal (NYSE:FSS) from a buy rating to a hold rating in a research note published on Monday.

Several other research analysts also recently issued reports on the stock. DA Davidson dropped their price objective 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. Raymond James restated an “outperform” rating and set a $110.00 price target on shares of Federal Signal in a research note on Tuesday, December 24th.

Federal Signal Stock Up 0.9 %

Federal Signal stock opened at $97.70 on Monday. 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 fifty-two week low of $76.03 and a fifty-two week high of $102.18. The firm has a fifty day moving average price of $95.94 and a two-hundred day moving average price of $92.86. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 28.32 and a beta of 1.01.

Hedge Funds Weigh In On Federal Signal

Hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new stake in Federal Signal in the third quarter valued at about $29,000. Quarry LP boosted its holdings in Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after purchasing an additional 183 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Federal Signal in the 3rd quarter valued at approximately $46,000. Millburn Ridgefield Corp acquired a new position in shares of Federal Signal in the 3rd quarter worth approximately $70,000. Finally, Mather Group LLC. lifted its position in shares of Federal Signal by 20.1% during the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock worth $82,000 after buying an additional 149 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

About Federal Signal

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.