Federal Signal (NYSE:FSS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, Zacks.com reports.

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. “

FSS has been the subject of several other reports. ValuEngine upgraded shares of Federal Signal from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Sidoti downgraded shares of Federal Signal from a “buy” rating to a “neutral” rating in a research report on Thursday, April 30th. They noted that the move was a valuation call.

FSS traded up $0.93 during trading on Tuesday, hitting $29.55. 285,800 shares of the stock traded hands, compared to its average volume of 415,654. Federal Signal has a twelve month low of $23.32 and a twelve month high of $35.75. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 15.89 and a beta of 1.15. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.53 and a quick ratio of 1.33. The business has a 50 day moving average price of $29.06 and a 200 day moving average price of $30.10.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. Federal Signal had a net margin of 9.27% and a return on equity of 18.86%. The business had revenue of $286.10 million during the quarter, compared to the consensus estimate of $299.78 million. During the same period in the previous year, the business earned $0.30 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. On average, equities research analysts predict that Federal Signal will post 1.52 earnings per share for the current year.

In related news, CEO Jennifer L. Sherman bought 1,000 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $26.51 per share, with a total value of $26,510.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of FSS. Private Capital Group LLC bought a new stake in shares of Federal Signal during the first quarter worth $39,000. PNC Financial Services Group Inc. grew its stake in shares of Federal Signal by 17.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,301 shares of the conglomerate’s stock worth $106,000 after purchasing an additional 497 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Federal Signal in the first quarter worth $109,000. Belpointe Asset Management LLC bought a new stake in shares of Federal Signal in the fourth quarter worth $110,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Federal Signal by 1,095.6% in the first quarter. Tower Research Capital LLC TRC now owns 4,053 shares of the conglomerate’s stock worth $111,000 after purchasing an additional 3,714 shares during the last quarter. 90.91% of the stock is currently owned by hedge funds and other institutional investors.

Federal Signal Company Profile

Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.

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