Federal Signal Corporation (NYSE:FSS) Receives Consensus Rating of “Hold” from Brokerages

Federal Signal Corporation (NYSE:FSS) has earned an average rating of “Hold” from the six research firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $123.00.

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Federal Signal in a research report on Monday, December 29th.

Insider Transactions at Federal Signal

In other news, COO Mark Weber sold 51,187 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $111.56, for a total value of $5,710,421.72. Following the transaction, the chief operating officer owned 73,874 shares in the company, valued at approximately $8,241,383.44. This represents a 40.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On Federal Signal

A number of hedge funds have recently added to or reduced their stakes in FSS. Archer Investment Corp lifted its position in Federal Signal by 5.7% in the 3rd quarter. Archer Investment Corp now owns 1,842 shares of the conglomerate’s stock valued at $219,000 after acquiring an additional 99 shares in the last quarter. KLP Kapitalforvaltning AS increased its holdings in shares of Federal Signal by 0.8% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 12,700 shares of the conglomerate’s stock worth $1,511,000 after purchasing an additional 100 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of Federal Signal by 50.0% in the third quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock worth $36,000 after purchasing an additional 100 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Federal Signal by 10.0% during the second quarter. Canada Pension Plan Investment Board now owns 1,100 shares of the conglomerate’s stock valued at $117,000 after purchasing an additional 100 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its holdings in shares of Federal Signal by 0.6% during the second quarter. Maryland State Retirement & Pension System now owns 17,918 shares of the conglomerate’s stock valued at $1,907,000 after purchasing an additional 106 shares in the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Federal Signal Price Performance

Shares of FSS opened at $112.04 on Tuesday. The firm’s 50-day simple moving average is $112.50 and its two-hundred day simple moving average is $117.28. Federal Signal has a fifty-two week low of $66.47 and a fifty-two week high of $132.89. The stock has a market cap of $6.81 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 1.68 and a beta of 1.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.25 and a current ratio of 2.61.

Federal Signal Company Profile

Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.

Federal Signal operates through two primary business segments.