Federal Signal Corporation (NYSE:FSS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Federal Signal Corp. designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. It operates in two segments, Environmental Solutions Group and Safety and Security Systems Group. The Environmental Solutions Group segment offers a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks, and water blasting equipment under the Elgin, Vactor, Guzzler, Westech, and Jetstream brand names. The Safety and Security Systems Group segment provides systems and products for campus and community alerting, emergency vehicles, first responder interoperable communications, and industrial communications, command and municipal networked security. This segment sells its products under the Federal Signal VAMA, and Victor brand names. It sells its products through wholesalers, independent manufacturer representatives, original equipment manufacturers, as well as independent foreign distributors. “

Separately, BidaskClub upgraded Federal Signal Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $21.50.

Federal Signal Corporation (NYSE FSS) traded down 0.14% during midday trading on Tuesday, reaching $21.62. The company has a market capitalization of $1.30 billion, a PE ratio of 33.01 and a beta of 1.38. The firm has a 50 day moving average price of $19.81 and a 200-day moving average price of $17.30. Federal Signal Corporation has a 12-month low of $11.68 and a 12-month high of $21.94.

Federal Signal Corporation (NYSE:FSS) last announced its quarterly earnings data on Tuesday, August 8th. The conglomerate reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. The business had revenue of $224.40 million during the quarter, compared to analysts’ expectations of $206.53 million. Federal Signal Corporation had a return on equity of 10.59% and a net margin of 5.20%. The firm’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 earnings per share. On average, equities analysts expect that Federal Signal Corporation will post $0.79 EPS for the current fiscal year.

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A number of large investors have recently made changes to their positions in the business. Pinebridge Investments L.P. raised its stake in Federal Signal Corporation by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock valued at $137,000 after buying an additional 86 shares during the last quarter. Arizona State Retirement System raised its stake in Federal Signal Corporation by 1.0% during the first quarter. Arizona State Retirement System now owns 31,132 shares of the conglomerate’s stock valued at $430,000 after buying an additional 300 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Federal Signal Corporation by 3.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 14,080 shares of the conglomerate’s stock valued at $244,000 after buying an additional 410 shares during the last quarter. Texas Permanent School Fund raised its stake in Federal Signal Corporation by 1.0% during the second quarter. Texas Permanent School Fund now owns 43,651 shares of the conglomerate’s stock valued at $758,000 after buying an additional 412 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Federal Signal Corporation by 0.7% during the first quarter. Legal & General Group Plc now owns 106,247 shares of the conglomerate’s stock valued at $1,467,000 after buying an additional 766 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Federal Signal Corporation Company Profile

Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.

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