Texas Permanent School Fund reduced its holdings in Federal Signal Co. (NYSE:FSS) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,547 shares of the conglomerate’s stock after selling 3,218 shares during the period. Texas Permanent School Fund owned about 0.07% of Federal Signal worth $815,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of FSS. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Federal Signal by 993.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,133,385 shares of the conglomerate’s stock valued at $66,678,000 after purchasing an additional 2,846,707 shares during the period. FMR LLC grew its holdings in Federal Signal by 104.4% in the second quarter. FMR LLC now owns 1,591,319 shares of the conglomerate’s stock valued at $27,625,000 after purchasing an additional 812,669 shares during the period. Eagle Asset Management Inc. acquired a new stake in Federal Signal in the third quarter valued at approximately $6,833,000. Macquarie Group Ltd. grew its holdings in Federal Signal by 14.0% in the third quarter. Macquarie Group Ltd. now owns 1,299,374 shares of the conglomerate’s stock valued at $27,651,000 after purchasing an additional 159,995 shares during the period. Finally, Shell Asset Management Co. grew its holdings in Federal Signal by 176.8% in the third quarter. Shell Asset Management Co. now owns 207,370 shares of the conglomerate’s stock valued at $2,746,000 after purchasing an additional 132,447 shares during the period. 84.09% of the stock is currently owned by institutional investors.
FSS has been the topic of several research analyst reports. Zacks Investment Research raised Federal Signal from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Monday, November 6th. ValuEngine downgraded Federal Signal from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $21.00.
In other news, Director James E. Goodwin sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $20.67, for a total value of $206,700.00. Following the transaction, the director now owns 122,929 shares in the company, valued at $2,540,942.43. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brenda Reichelderfer sold 8,279 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $20.76, for a total value of $171,872.04. Following the completion of the transaction, the director now owns 69,388 shares in the company, valued at approximately $1,440,494.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,279 shares of company stock worth $399,772. Company insiders own 4.20% of the company’s stock.
Federal Signal Co. (FSS) opened at $19.25 on Friday. The firm has a market capitalization of $1,140.00, a P/E ratio of 26.74 and a beta of 1.27. Federal Signal Co. has a 1 year low of $13.07 and a 1 year high of $23.64. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.37 and a quick ratio of 1.23.
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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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