Federal Signal (NYSE:FSS) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Federal Signal (NYSE:FSS) from a buy rating to a hold rating in a report issued on Monday.

Several other equities research analysts have also issued reports on FSS. DA Davidson dropped their price objective on shares of 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 reiterated an “outperform” rating and issued a $110.00 price target on shares of Federal Signal in a report on Tuesday, December 24th.

Federal Signal Stock Performance

NYSE FSS opened at $96.89 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 1-year low of $76.03 and a 1-year high of $102.18. The firm has a market capitalization of $5.92 billion, a P/E ratio of 28.08 and a beta of 1.01. The business’s 50-day simple moving average is $95.97 and its 200-day simple moving average is $92.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FSS. AQR Capital Management LLC boosted its position in Federal Signal by 97.5% in the 2nd quarter. AQR Capital Management LLC now owns 23,175 shares of the conglomerate’s stock valued at $1,939,000 after buying an additional 11,441 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Federal Signal by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 35,253 shares of the conglomerate’s stock valued at $2,950,000 after purchasing an additional 1,091 shares during the last quarter. Creative Planning grew its stake in Federal Signal by 17.7% during the 2nd quarter. Creative Planning now owns 25,219 shares of the conglomerate’s stock valued at $2,110,000 after purchasing an additional 3,798 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Federal Signal by 65.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 15,360 shares of the conglomerate’s stock worth $1,436,000 after purchasing an additional 6,100 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Federal Signal by 57.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,671 shares of the conglomerate’s stock valued at $156,000 after purchasing an additional 609 shares in the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

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.