Allspring Global Investments Holdings LLC Decreases Stock Holdings in Federal Signal Co. (NYSE:FSS)

Allspring Global Investments Holdings LLC decreased its position in Federal Signal Co. (NYSE:FSS) by 30.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,494 shares of the conglomerate’s stock after selling 15,467 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.06% of Federal Signal worth $3,279,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Mather Group LLC. increased its position in shares of Federal Signal by 20.1% in the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock valued at $82,000 after acquiring an additional 149 shares during the period. Albion Financial Group UT increased its position in shares of Federal Signal by 1.3% in the fourth quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate’s stock valued at $1,120,000 after acquiring an additional 153 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Federal Signal by 4.1% in the third quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate’s stock valued at $399,000 after acquiring an additional 169 shares during the period. Quarry LP boosted its stake in shares of Federal Signal by 73.5% during the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after purchasing an additional 183 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its stake in shares of Federal Signal by 7.7% during the 3rd quarter. Raymond James Trust N.A. now owns 3,038 shares of the conglomerate’s stock valued at $284,000 after purchasing an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Raymond James reaffirmed an “outperform” rating and set a $110.00 target price on shares of Federal Signal in a research note on Tuesday, December 24th. StockNews.com raised shares of Federal Signal from a “hold” rating to a “buy” rating in a research note on Friday. Finally, DA Davidson cut their target price on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th.

Federal Signal Trading Down 2.2 %

NYSE:FSS opened at $97.09 on Friday. The company’s 50 day moving average price is $95.88 and its 200-day moving average price is $92.97. Federal Signal Co. has a 52 week low of $76.85 and a 52 week high of $102.18. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 1.87 and a beta of 1.01.

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.