Citigroup Upgrades Federal Signal (NYSE:FSS) to Strong-Buy

Federal Signal (NYSE:FSS) was upgraded by investment analysts at Citigroup to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

FSS has been the subject of several other reports. Zacks Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Weiss Ratings raised Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Wall Street Zen cut Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. KeyCorp reissued an “overweight” rating and issued a $140.00 price objective on shares of Federal Signal in a research note on Thursday, April 30th. Finally, DA Davidson upped their target price on shares of Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Federal Signal presently has an average rating of “Moderate Buy” and an average target price of $140.50.

Federal Signal Stock Down 3.1%

Shares of NYSE FSS opened at $122.22 on Monday. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 1.72 and a beta of 1.24. The company’s 50-day simple moving average is $121.35 and its 200-day simple moving average is $115.97. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.30. Federal Signal has a 52-week low of $101.18 and a 52-week high of $134.51.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, July 30th. The conglomerate reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.13. The firm had revenue of $670.20 million during the quarter, compared to the consensus estimate of $667.04 million. Federal Signal had a net margin of 11.66% and a return on equity of 21.36%. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 EPS. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. Equities analysts predict that Federal Signal will post 5.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Diane Bonina sold 14,856 shares of Federal Signal stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $130.44, for a total transaction of $1,937,816.64. Following the transaction, the vice president owned 15,689 shares in the company, valued at approximately $2,046,473.16. This trade represents a 48.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Physician Wealth Advisors Inc. grew its holdings in shares of Federal Signal by 57.2% during the first quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate’s stock worth $27,000 after buying an additional 91 shares during the last quarter. New Age Alpha Advisors LLC raised its stake in Federal Signal by 3.4% during the 4th quarter. New Age Alpha Advisors LLC now owns 2,895 shares of the conglomerate’s stock valued at $314,000 after acquiring an additional 95 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Federal Signal by 10.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,100 shares of the conglomerate’s stock valued at $117,000 after acquiring an additional 100 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Federal Signal by 9.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the conglomerate’s stock worth $130,000 after acquiring an additional 108 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of Federal Signal by 50.5% in the 4th quarter. UMB Bank n.a. now owns 331 shares of the conglomerate’s stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

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.