Federal Signal Corporation $FSS Shares Sold by Homestead Advisers Corp

Homestead Advisers Corp reduced its position in shares of Federal Signal Corporation (NYSE:FSS) by 20.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 66,394 shares of the conglomerate’s stock after selling 17,500 shares during the quarter. Homestead Advisers Corp’s holdings in Federal Signal were worth $7,900,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Allianz Asset Management GmbH acquired a new stake in shares of Federal Signal during the 3rd quarter worth approximately $108,884,000. Norges Bank purchased a new stake in Federal Signal in the second quarter valued at $79,165,000. First Trust Advisors LP lifted its stake in shares of Federal Signal by 49.6% in the 2nd quarter. First Trust Advisors LP now owns 1,501,431 shares of the conglomerate’s stock valued at $159,782,000 after purchasing an additional 497,652 shares during the last quarter. Greenvale Capital LLP purchased a new position in shares of Federal Signal during the 2nd quarter worth $25,491,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Federal Signal during the 3rd quarter worth about $23,037,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Stock Performance

Shares of FSS stock opened at $110.91 on Thursday. The firm has a 50 day moving average of $112.43 and a two-hundred day moving average of $117.25. The stock has a market capitalization of $6.74 billion, a PE ratio of 28.96, a P/E/G ratio of 1.71 and a beta of 1.35. The company has a quick ratio of 1.25, a current ratio of 2.61 and a debt-to-equity ratio of 0.15. Federal Signal Corporation has a 52 week low of $66.47 and a 52 week high of $132.89.

Wall Street Analysts Forecast Growth

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