Federal Signal Corporation $FSS Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in shares of Federal Signal Corporation (NYSE:FSS) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,701,541 shares of the conglomerate’s stock after selling 107,811 shares during the quarter. Vanguard Group Inc. owned approximately 11.02% of Federal Signal worth $797,416,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FSS. Archer Investment Corp boosted its position in Federal Signal by 5.7% during the 3rd quarter. Archer Investment Corp now owns 1,842 shares of the conglomerate’s stock valued at $219,000 after purchasing an additional 99 shares during the period. KLP Kapitalforvaltning AS lifted its stake in Federal Signal by 0.8% in the third quarter. KLP Kapitalforvaltning AS now owns 12,700 shares of the conglomerate’s stock valued at $1,511,000 after buying an additional 100 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Federal Signal by 50.0% during the third quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock valued at $36,000 after acquiring an additional 100 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Federal Signal by 10.0% during the second quarter. Canada Pension Plan Investment Board now owns 1,100 shares of the conglomerate’s stock valued at $117,000 after acquiring an additional 100 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of Federal Signal by 9.5% during the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the conglomerate’s stock worth $130,000 after acquiring an additional 108 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Price Performance

Shares of NYSE:FSS opened at $118.62 on Monday. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 1.85 and a beta of 1.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.61 and a quick ratio of 1.25. The stock’s 50 day moving average price is $113.97 and its 200 day moving average price is $117.46. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $132.89.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Federal Signal in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $123.00.

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.