Federal Signal Co. (NYSE:FSS) Stock Holdings Lifted by Rhumbline Advisers

Rhumbline Advisers lifted its holdings in Federal Signal Co. (NYSE:FSS) by 0.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 164,292 shares of the conglomerate’s stock after buying an additional 462 shares during the quarter. Rhumbline Advisers owned approximately 0.27% of Federal Signal worth $15,179,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. State Street Corp lifted its position in shares of Federal Signal by 1.1% in the 3rd quarter. State Street Corp now owns 2,293,775 shares of the conglomerate’s stock worth $214,376,000 after buying an additional 25,080 shares during the last quarter. Geode Capital Management LLC lifted its position in Federal Signal by 17.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock valued at $149,727,000 after purchasing an additional 239,789 shares during the last quarter. Conestoga Capital Advisors LLC lifted its position in Federal Signal by 2.6% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,389,045 shares of the conglomerate’s stock valued at $129,820,000 after purchasing an additional 35,167 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Federal Signal by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock valued at $71,875,000 after purchasing an additional 31,517 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Federal Signal by 26.7% in the 3rd quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock valued at $59,523,000 after purchasing an additional 134,457 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on FSS. StockNews.com upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Friday. DA Davidson cut their price objective on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Finally, Raymond James reiterated an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a research report on Tuesday, December 24th.

Federal Signal Stock Down 3.6 %

FSS stock opened at $93.64 on Friday. Federal Signal Co. has a 52 week low of $76.85 and a 52 week high of $102.18. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 1.85 and a beta of 1.01. The firm’s 50-day moving average is $95.83 and its two-hundred day moving average is $92.99. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19.

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.