Federal Signal (FSS) Upgraded to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of Federal Signal (NYSE:FSS) from a sell rating to a hold rating in a report released on Monday.
According to Zacks, “Federal Signal Corporation (NYSE:FSS) is a leader in environmental and safety solutions. It provides products and services to protect people and the planet. Federal Signal is a leading global designer, manufacturer and supplier of products of and total solutions that serve municipal, governmental, industrial and commercial customers. With manufacturing facilities worldwide, the company operates through the following business segments: Environmental Solutions and Safety and Security Systems. Federal Signal is best known for its variety of emergency lighting, sirens, industrial equipment, and public safety solutions under brands including Federal Signal, Elgin, Guzzler, Jetstream, Vactor and Victor. Federal Signal Corporation is headquartered in Oak Brook, IL. “
Separately, ValuEngine cut Federal Signal from a buy rating to a hold rating in a research note on Friday, December 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Federal Signal has a consensus rating of Buy and an average price target of $22.50.
Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.03. The business had revenue of $249.00 million during the quarter, compared to analysts’ expectations of $240.30 million. Federal Signal had a return on equity of 11.39% and a net margin of 5.30%. The firm’s quarterly revenue was up 33.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 earnings per share. sell-side analysts predict that Federal Signal will post 0.81 EPS for the current fiscal year.
In other news, Director James E. Goodwin sold 10,000 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $20.67, for a total value of $206,700.00. Following the completion of the transaction, the director now owns 122,929 shares in the company, valued at $2,540,942.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brenda Reichelderfer sold 8,279 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $20.76, for a total value of $171,872.04. Following the completion of the transaction, the director now owns 69,388 shares of the company’s stock, valued at approximately $1,440,494.88. The disclosure for this sale can be found here. Insiders sold 110,172 shares of company stock valued at $2,338,207 in the last 90 days. Company insiders own 4.20% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Pinebridge Investments L.P. raised its stake in shares of Federal Signal by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock worth $137,000 after purchasing an additional 86 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Federal Signal by 0.6% in the second quarter. Thrivent Financial For Lutherans now owns 281,600 shares of the conglomerate’s stock worth $4,889,000 after purchasing an additional 1,700 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Federal Signal by 8.4% in the second quarter. Voya Investment Management LLC now owns 30,158 shares of the conglomerate’s stock worth $524,000 after purchasing an additional 2,338 shares during the last quarter. BW Gestao de Investimentos Ltda. increased its position in Federal Signal by 17.9% during the second quarter. BW Gestao de Investimentos Ltda. now owns 15,715 shares of the conglomerate’s stock valued at $273,000 after acquiring an additional 2,385 shares during the last quarter. Finally, American International Group Inc. increased its position in Federal Signal by 5.8% during the third quarter. American International Group Inc. now owns 46,850 shares of the conglomerate’s stock valued at $997,000 after acquiring an additional 2,556 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.
Federal Signal 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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