Zacks Investment Research Lowers Federal Signal (FSS) to Sell

Zacks Investment Research cut shares of Federal Signal (NYSE:FSS) from a hold rating to a sell rating in a report released on Friday morning.

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 lowered shares of Federal Signal from a buy rating to a hold rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Federal Signal presently has an average rating of Hold and an average price target of $22.50.

Shares of Federal Signal (FSS) opened at $19.70 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.23 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1,180.00, a price-to-earnings ratio of 27.36 and a beta of 1.33. Federal Signal has a 52-week low of $13.07 and a 52-week high of $23.64.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.03. The firm had revenue of $249.00 million for the quarter, compared to analysts’ expectations of $240.30 million. Federal Signal had a net margin of 5.30% and a return on equity of 11.39%. The business’s quarterly revenue was up 33.4% on a year-over-year basis. During the same quarter last year, the company posted $0.17 EPS. sell-side analysts expect that Federal Signal will post 0.81 earnings per share for the current year.

In related news, Director Dennis J. Martin sold 45,172 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $21.90, for a total transaction of $989,266.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Brenda Reichelderfer sold 45,721 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $20.76, for a total transaction of $949,167.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,172 shares of company stock worth $2,338,207. 4.20% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in shares of Federal Signal during the 3rd quarter valued at $120,000. Pinebridge Investments L.P. grew its holdings in shares of Federal Signal by 1.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock valued at $137,000 after purchasing an additional 86 shares during the last quarter. First Quadrant L P CA bought a new position in shares of Federal Signal during the 3rd quarter valued at $187,000. SG Americas Securities LLC bought a new stake in Federal Signal in the 3rd quarter worth $212,000. Finally, Piedmont Investment Advisors LLC bought a new stake in Federal Signal in the 2nd quarter worth $224,000. 84.10% of the stock is currently owned by institutional investors.

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About Federal Signal

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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