Federal Signal Co. (NYSE:FSS) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totalling 866,600 shares, an increase of 9.9% from the May 30th total of 788,800 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 267,300 shares, the short-interest ratio is presently 3.2 days.

A number of equities analysts recently commented on FSS shares. ValuEngine upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, July 3rd. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd.

FSS traded up $0.05 on Monday, reaching $26.81. The company had a trading volume of 148,500 shares, compared to its average volume of 275,537. Federal Signal has a 1 year low of $18.59 and a 1 year high of $29.00. The company has a market cap of $1.61 billion, a PE ratio of 18.75 and a beta of 1.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.08 and a quick ratio of 1.05. The stock’s 50-day simple moving average is $25.85.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Thursday, May 2nd. The conglomerate reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Federal Signal had a net margin of 8.85% and a return on equity of 17.57%. The firm had revenue of $273.80 million during the quarter, compared to analysts’ expectations of $264.40 million. During the same period in the previous year, the company earned $0.23 earnings per share. Federal Signal’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts expect that Federal Signal will post 1.57 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stone Ridge Asset Management LLC lifted its position in Federal Signal by 49.3% in the fourth quarter. Stone Ridge Asset Management LLC now owns 40,175 shares of the conglomerate’s stock valued at $799,000 after acquiring an additional 13,260 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Federal Signal by 2.2% in the fourth quarter. Millennium Management LLC now owns 458,558 shares of the conglomerate’s stock valued at $9,125,000 after buying an additional 9,883 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Federal Signal by 2.3% in the fourth quarter. BlackRock Inc. now owns 8,706,981 shares of the conglomerate’s stock valued at $173,269,000 after buying an additional 197,538 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Federal Signal by 0.7% in the fourth quarter. Legal & General Group Plc now owns 143,623 shares of the conglomerate’s stock valued at $2,846,000 after buying an additional 1,035 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. raised its holdings in shares of Federal Signal by 5.3% in the first quarter. Piedmont Investment Advisors Inc. now owns 15,085 shares of the conglomerate’s stock valued at $392,000 after buying an additional 764 shares during the last quarter. 89.14% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Company Profile

Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.

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