Thrivent Financial for Lutherans Reduces Holdings in Federal Signal Corporation $FSS

Thrivent Financial for Lutherans reduced its position in Federal Signal Corporation (NYSE:FSS) by 14.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 246,658 shares of the conglomerate’s stock after selling 42,232 shares during the period. Thrivent Financial for Lutherans’ holdings in Federal Signal were worth $29,350,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Arizona State Retirement System grew its stake in Federal Signal by 1.2% during the third quarter. Arizona State Retirement System now owns 18,041 shares of the conglomerate’s stock worth $2,147,000 after buying an additional 211 shares during the period. AE Wealth Management LLC raised its position in shares of Federal Signal by 9.0% during the 3rd quarter. AE Wealth Management LLC now owns 3,471 shares of the conglomerate’s stock worth $413,000 after purchasing an additional 286 shares during the period. Archer Investment Corp raised its holdings in shares of Federal Signal by 5.7% during the third quarter. Archer Investment Corp now owns 1,842 shares of the conglomerate’s stock valued at $219,000 after buying an additional 99 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Federal Signal by 2.1% in the 3rd quarter. New York State Common Retirement Fund now owns 20,129 shares of the conglomerate’s stock worth $2,395,000 after buying an additional 423 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Federal Signal by 12.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,920 shares of the conglomerate’s stock worth $585,000 after acquiring an additional 562 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Insider Activity

In related news, COO Mark Weber sold 51,187 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $111.56, for a total value of $5,710,421.72. Following the completion of the transaction, the chief operating officer directly owned 73,874 shares of the company’s stock, valued at $8,241,383.44. This trade represents a 40.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.30% of the company’s stock.

Federal Signal Price Performance

NYSE FSS opened at $112.04 on Tuesday. The company has a current ratio of 2.61, a quick ratio of 1.25 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $112.50 and a 200 day simple moving average of $117.28. The company has a market cap of $6.81 billion, a P/E ratio of 29.25, a P/E/G ratio of 1.68 and a beta of 1.35. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $132.89.

Analysts Set New Price Targets

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

Federal Signal Profile

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.