Federal Signal (NYSE:FSS) Upgraded to “Strong-Buy” at Zacks Research

Federal Signal (NYSE:FSS) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

FSS has been the topic of several other reports. Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday. CJS Securities raised Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price objective on the stock in a report on Thursday, February 26th. KeyCorp reaffirmed an “overweight” rating and set a $140.00 price objective on shares of Federal Signal in a report on Thursday, April 30th. Finally, DA Davidson upped their price objective on Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Federal Signal presently has a consensus rating of “Buy” and a consensus price target of $139.25.

Federal Signal Stock Up 3.4%

Shares of FSS opened at $121.53 on Monday. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 1.70 and a beta of 1.32. Federal Signal has a 1 year low of $85.53 and a 1 year high of $132.89. The business’s 50 day simple moving average is $112.48 and its 200-day simple moving average is $113.54. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.84 and a quick ratio of 1.29.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.29. The business had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $579.87 million. Federal Signal had a return on equity of 21.18% and a net margin of 11.56%.The company’s revenue for the quarter was up 35.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. As a group, equities analysts expect that Federal Signal will post 4.94 earnings per share for the current fiscal year.

Institutional Trading of Federal Signal

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its holdings in Federal Signal by 15.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 101,829 shares of the conglomerate’s stock valued at $11,012,000 after buying an additional 13,619 shares during the period. Illinois Municipal Retirement Fund raised its holdings in Federal Signal by 9.2% during the 1st quarter. Illinois Municipal Retirement Fund now owns 51,282 shares of the conglomerate’s stock valued at $5,546,000 after buying an additional 4,340 shares during the period. Sanctuary Advisors LLC purchased a new stake in Federal Signal during the 1st quarter valued at $347,000. Hillsdale Investment Management Inc. raised its holdings in Federal Signal by 4,014.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 2,880 shares of the conglomerate’s stock valued at $311,000 after buying an additional 2,810 shares during the period. Finally, Fifth Third Bancorp raised its holdings in Federal Signal by 11,989.4% during the 1st quarter. Fifth Third Bancorp now owns 104,936 shares of the conglomerate’s stock valued at $11,348,000 after buying an additional 104,068 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

About Federal Signal

Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.

Federal Signal operates through two primary business segments.