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

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

Several other equities analysts have also recently weighed in on FSS. DA Davidson cut their price objective on Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Raymond James reissued an “outperform” rating and set a $110.00 price objective on shares of Federal Signal in a research report on Tuesday, December 24th.

Federal Signal Price Performance

Shares of NYSE:FSS opened at $93.64 on Friday. Federal Signal has a fifty-two week low of $76.85 and a fifty-two week high of $102.18. The business has a 50-day moving average of $95.83 and a two-hundred day moving average of $93.01. The stock has a market capitalization of $5.72 billion, a P/E ratio of 27.14, a P/E/G ratio of 1.85 and a beta of 1.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

Hedge Funds Weigh In On Federal Signal

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSS. Quarry LP increased its stake 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 acquiring an additional 183 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Federal Signal during the third quarter valued at about $46,000. Signaturefd LLC increased its stake in Federal Signal by 37.4% during the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock valued at $56,000 after acquiring an additional 165 shares during the period. Millburn Ridgefield Corp bought a new position in Federal Signal during the third quarter valued at about $70,000. Finally, CoreCap Advisors LLC increased its stake in Federal Signal by 19.9% during the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate’s stock valued at $81,000 after acquiring an additional 145 shares during the period. 92.73% of the stock is currently 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.