Federal Signal (NYSE:FSS) Stock Rating Upgraded by 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 morning.

FSS has been the topic of a number of other research reports. Raymond James reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Federal Signal in a report on Tuesday, December 24th. DA Davidson lowered their price target 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.

Federal Signal Price Performance

Federal Signal stock opened at $93.64 on Friday. Federal Signal has a 52 week low of $76.85 and a 52 week high of $102.18. The company’s 50 day moving average price is $95.88 and its two-hundred day moving average price is $92.97. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The stock has a market cap 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.

Institutional Investors Weigh In On Federal Signal

A number of hedge funds and other institutional investors have recently bought and sold shares of FSS. Capital World Investors bought a new stake in Federal Signal during the 4th quarter valued at $79,810,000. Norges Bank bought a new stake in Federal Signal during the 4th quarter valued at $78,192,000. Raymond James Financial Inc. bought a new stake in Federal Signal during the 4th quarter valued at $36,636,000. First Trust Advisors LP raised its holdings 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 acquiring an additional 322,676 shares during the period. Finally, ArrowMark Colorado Holdings LLC bought a new stake in Federal Signal during the 3rd quarter valued at $28,863,000. Institutional investors 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.