Short Interest in Federal Signal Co. (NYSE:FSS) Declines By 6.4%

Federal Signal Co. (NYSE:FSS) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 2,760,000 shares, a drop of 6.4% from the January 15th total of 2,950,000 shares. Based on an average daily volume of 390,000 shares, the days-to-cover ratio is currently 7.1 days. Approximately 4.7% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

FSS has been the subject of several recent research reports. StockNews.com cut Federal Signal from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. DA Davidson decreased their price target on Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, Raymond James reissued an “outperform” rating and issued a $110.00 price target on shares of Federal Signal in a research note on Tuesday, December 24th.

Institutional Investors Weigh In On Federal Signal

Large investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new stake in Federal Signal during the third quarter worth approximately $29,000. Quarry LP grew its stake in Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after purchasing an additional 183 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Federal Signal during the third quarter worth approximately $46,000. Signaturefd LLC grew its stake in Federal Signal by 37.4% during the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock worth $56,000 after purchasing an additional 165 shares during the period. Finally, Millburn Ridgefield Corp acquired a new stake in Federal Signal during the third quarter worth approximately $70,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Trading Up 1.1 %

Shares of FSS stock traded up $1.09 on Tuesday, hitting $98.19. The company had a trading volume of 64,119 shares, compared to its average volume of 361,795. The firm has a market cap of $6.00 billion, a P/E ratio of 28.50 and a beta of 1.01. The stock’s 50-day moving average is $95.83 and its two-hundred day moving average is $92.86. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. Federal Signal has a twelve month low of $76.85 and a twelve month high of $102.18.

About Federal Signal

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.