Federal Signal (NYSE:FSS) Lifted to “Buy” at StockNews.com

Federal Signal (NYSE:FSS) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Other equities analysts have also recently issued research reports about the stock. Raymond James boosted their price target on shares of Federal Signal from $68.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 20th. DA Davidson lowered shares of Federal Signal from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $68.00 to $66.00 in a research note on Monday, July 31st.

Federal Signal Stock Performance

NYSE FSS opened at $63.87 on Thursday. The company’s 50 day moving average is $59.62 and its 200-day moving average is $59.08. Federal Signal has a 12-month low of $43.44 and a 12-month high of $65.33. The company has a quick ratio of 1.35, a current ratio of 2.98 and a debt-to-equity ratio of 0.38. The firm has a market cap of $3.90 billion, a P/E ratio of 29.03 and a beta of 1.04.

Institutional Investors Weigh In On Federal Signal

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC bought a new stake in shares of Federal Signal during the second quarter valued at approximately $55,390,000. Norges Bank acquired a new position in shares of Federal Signal during the fourth quarter valued at about $25,846,000. Aperture Investors LLC boosted its position in Federal Signal by 366.3% in the first quarter. Aperture Investors LLC now owns 435,343 shares of the conglomerate’s stock valued at $23,600,000 after buying an additional 341,974 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its position in Federal Signal by 27.8% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,513,718 shares of the conglomerate’s stock valued at $96,923,000 after buying an additional 329,444 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in Federal Signal by 12.2% in the 1st quarter. Macquarie Group Ltd. now owns 2,582,443 shares of the conglomerate’s stock worth $139,994,000 after purchasing an additional 280,651 shares in the last quarter. Institutional investors own 91.87% 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.