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

Federal Signal (NYSE:FSS) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other brokerages have also recently commented 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 note on Tuesday, November 5th. Raymond James restated an “outperform” rating and issued a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th.

Federal Signal Stock Performance

Shares of NYSE:FSS 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 stock has a market capitalization of $5.72 billion, a P/E ratio of 27.14, a PEG ratio of 1.85 and a beta of 1.01. The firm has a fifty day simple moving average of $95.83 and a two-hundred day simple moving average of $92.99. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19.

Institutional Investors Weigh In On Federal Signal

Several institutional investors have recently made changes to their positions in FSS. Quarry LP lifted its holdings in shares of Federal Signal by 73.5% in the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after acquiring an additional 183 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Federal Signal during the 3rd quarter valued at about $46,000. Signaturefd LLC lifted its holdings in Federal Signal by 37.4% during the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock valued at $56,000 after buying an additional 165 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in Federal Signal during the 3rd quarter valued at about $70,000. Finally, CoreCap Advisors LLC lifted its holdings in Federal Signal by 19.9% during the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate’s stock valued at $81,000 after buying an additional 145 shares in the last quarter. 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.