Raymond James Lowers Federal Signal (NYSE:FSS) Price Target to $100.00

Federal Signal (NYSE:FSS) had its price objective decreased by stock analysts at Raymond James from $105.00 to $100.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the conglomerate’s stock. Raymond James’ target price suggests a potential upside of 32.45% from the company’s previous close.

Separately, StockNews.com cut Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st.

Federal Signal Stock Down 0.9 %

Shares of FSS stock opened at $75.50 on Monday. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. Federal Signal has a twelve month low of $66.47 and a twelve month high of $102.18. The stock has a 50 day moving average of $81.98 and a 200 day moving average of $89.36. The stock has a market cap of $4.61 billion, a P/E ratio of 21.88, a P/E/G ratio of 1.85 and a beta of 1.11.

Federal Signal (NYSE:FSS) last posted its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $481.90 million. As a group, sell-side analysts expect that Federal Signal will post 3.34 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jennifer L. Sherman bought 1,250 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the transaction, the chief executive officer now directly owns 559,183 shares in the company, valued at $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FSS. Capital World Investors purchased a new stake in Federal Signal during the 4th quarter worth approximately $79,810,000. Norges Bank acquired a new stake in shares of Federal Signal in the fourth quarter worth approximately $78,192,000. Raymond James Financial Inc. purchased a new stake in shares of Federal Signal during the fourth quarter worth approximately $36,636,000. First Trust Advisors LP raised its stake in Federal Signal by 56.5% in the 4th quarter. First Trust Advisors LP now owns 894,136 shares of the conglomerate’s stock valued at $82,609,000 after purchasing an additional 322,676 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Federal Signal by 12.4% in the 4th quarter. Invesco Ltd. now owns 2,199,200 shares of the conglomerate’s stock valued at $203,184,000 after purchasing an additional 242,840 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

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.