New York State Teachers Retirement System Sells 2,700 Shares of Federal Signal Co. (NYSE:FSS)

New York State Teachers Retirement System lessened its position in shares of Federal Signal Co. (NYSE:FSS) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,792 shares of the conglomerate’s stock after selling 2,700 shares during the period. New York State Teachers Retirement System owned approximately 0.12% of Federal Signal worth $6,910,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Quarry LP boosted its holdings in shares of Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after acquiring an additional 183 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Federal Signal in the third quarter valued at approximately $46,000. Millburn Ridgefield Corp bought a new stake in shares of Federal Signal in the third quarter valued at approximately $70,000. Mather Group LLC. lifted its stake in Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock worth $82,000 after purchasing an additional 149 shares during the last quarter. Finally, CWM LLC lifted its stake in Federal Signal by 23.1% during the third quarter. CWM LLC now owns 1,171 shares of the conglomerate’s stock worth $109,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FSS shares. DA Davidson cut their target price 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. StockNews.com downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Raymond James restated an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a report on Tuesday, December 24th.

Federal Signal Stock Performance

Shares of FSS opened at $99.30 on Thursday. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $6.07 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 1.84 and a beta of 1.01. The firm’s fifty day simple moving average is $95.89 and its two-hundred day simple moving average is $92.95. Federal Signal Co. has a 12 month low of $76.85 and a 12 month high of $102.18.

Federal Signal Company Profile

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.