Federal Signal (NYSE:FSS) Raised to "Overweight" at KeyCorp

Federal Signal (NYSE:FSS - Get Free Report) was upgraded by investment analysts at KeyCorp from a "sector weight" rating to an "overweight" rating in a report issued on Monday, MarketBeat reports. The brokerage presently has a $110.00 price target on the conglomerate's stock. KeyCorp's price objective suggests a potential upside of 22.84% from the stock's previous close.

Several other research analysts have also recently weighed in on FSS. Raymond James lowered their price target on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. StockNews.com lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, DA Davidson increased their price objective on Federal Signal from $82.00 to $84.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $98.00.

Federal Signal Trading Down 0.0%

Shares of Federal Signal stock opened at $89.55 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The stock's 50 day simple moving average is $77.74 and its 200-day simple moving average is $88.03. The stock has a market cap of $5.46 billion, a P/E ratio of 25.96, a P/E/G ratio of 1.85 and a beta of 1.23. Federal Signal has a 1-year low of $66.47 and a 1-year high of $102.18.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.03. The firm had revenue of $463.80 million for the quarter, compared to the consensus estimate of $462.63 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm's revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 earnings per share. Analysts predict that Federal Signal will post 3.34 EPS for the current fiscal year.

Federal Signal announced that its Board of Directors has initiated a share buyback program on Tuesday, April 22nd that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the conglomerate to repurchase up to 3.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Transactions at Federal Signal

In related news, CEO Jennifer L. Sherman bought 1,250 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $82.32 per share, with a total value of $102,900.00. Following the purchase, the chief executive officer now directly owns 559,183 shares of the company's stock, valued at $46,031,944.56. This trade represents a 0.22% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 3.30% of the company's stock.

Institutional Investors Weigh In On Federal Signal

Several hedge funds have recently made changes to their positions in FSS. CoreCap Advisors LLC lifted its holdings in shares of Federal Signal by 19.9% during the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after purchasing an additional 145 shares during the period. Mather Group LLC. boosted its holdings in Federal Signal by 20.1% in the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock valued at $82,000 after purchasing an additional 149 shares in the last quarter. Arizona State Retirement System increased its position in Federal Signal by 0.9% during the 4th quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate's stock worth $1,640,000 after purchasing an additional 152 shares during the period. Albion Financial Group UT raised its stake in shares of Federal Signal by 1.3% during the 4th quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate's stock worth $1,120,000 after buying an additional 153 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Federal Signal by 16.9% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock valued at $82,000 after buying an additional 162 shares during the period. Institutional investors and hedge funds own 92.73% of the company's stock.

Federal Signal Company Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.

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