BidaskClub upgraded shares of Federal Signal Corporation (NYSE:FSS) from a hold rating to a buy rating in a research report report published on Tuesday morning.
FSS has been the subject of several other research reports. Zacks Investment Research lowered Federal Signal Corporation from a hold rating to a sell rating in a research note on Thursday, April 6th. TheStreet raised Federal Signal Corporation from a c rating to a b- rating in a research note on Thursday, April 27th. Finally, KeyCorp raised Federal Signal Corporation from a sector weight rating to an overweight rating and set a $20.00 price objective for the company in a research note on Tuesday, May 9th. Four equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and an average price target of $19.00.
Federal Signal Corporation (NYSE FSS) traded up 1.01% during mid-day trading on Tuesday, hitting $18.05. The stock had a trading volume of 196,183 shares. The firm’s 50-day moving average is $16.57 and its 200 day moving average is $15.41. Federal Signal Corporation has a 12 month low of $11.68 and a 12 month high of $18.06. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 29.54 and a beta of 1.35.
Federal Signal Corporation (NYSE:FSS) last posted its quarterly earnings results on Thursday, April 27th. The conglomerate reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.02. Federal Signal Corporation had a return on equity of 9.75% and a net margin of 5.26%. The firm had revenue of $177.80 million during the quarter, compared to analyst estimates of $176.97 million. During the same period last year, the company earned $0.19 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts anticipate that Federal Signal Corporation will post $0.78 EPS for the current fiscal year.
In related news, VP Samuel Miceli sold 2,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $16.05, for a total transaction of $32,100.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul W. Jones sold 50,000 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $15.96, for a total value of $798,000.00. Following the transaction, the director now owns 72,901 shares in the company, valued at approximately $1,163,499.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,900 shares of company stock worth $844,662. Company insiders own 4.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of FSS. Comerica Bank boosted its stake in Federal Signal Corporation by 5.7% in the fourth quarter. Comerica Bank now owns 63,859 shares of the conglomerate’s stock valued at $1,015,000 after buying an additional 3,466 shares during the last quarter. State Street Corp boosted its stake in Federal Signal Corporation by 5.9% in the fourth quarter. State Street Corp now owns 1,571,764 shares of the conglomerate’s stock valued at $24,534,000 after buying an additional 87,609 shares during the last quarter. FMR LLC boosted its stake in Federal Signal Corporation by 32.8% in the fourth quarter. FMR LLC now owns 859,620 shares of the conglomerate’s stock valued at $13,419,000 after buying an additional 212,500 shares during the last quarter. A.R.T. Advisors LLC purchased a new stake in Federal Signal Corporation during the fourth quarter valued at $424,000. Finally, Guggenheim Capital LLC boosted its stake in Federal Signal Corporation by 5.9% in the fourth quarter. Guggenheim Capital LLC now owns 64,124 shares of the conglomerate’s stock valued at $1,001,000 after buying an additional 3,588 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.
About Federal Signal Corporation
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.
Receive News & Ratings for Federal Signal Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Signal Corporation and related companies with MarketBeat.com's FREE daily email newsletter.