Public Sector Pension Investment Board Acquires 29,280 Shares of Federal Signal Corporation $FSS

Public Sector Pension Investment Board raised its holdings in shares of Federal Signal Corporation (NYSE:FSS) by 14.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 237,175 shares of the conglomerate’s stock after acquiring an additional 29,280 shares during the quarter. Public Sector Pension Investment Board’s holdings in Federal Signal were worth $28,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FSS. EverSource Wealth Advisors LLC grew its position in shares of Federal Signal by 140.6% in the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock valued at $26,000 after purchasing an additional 142 shares in the last quarter. MAI Capital Management lifted its holdings in Federal Signal by 1,003.8% during the 2nd quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 261 shares in the last quarter. CoreCap Advisors LLC boosted its stake in Federal Signal by 50.0% in the 3rd quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock worth $36,000 after purchasing an additional 100 shares during the period. Salomon & Ludwin LLC purchased a new position in Federal Signal during the 3rd quarter valued at about $39,000. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of Federal Signal during the second quarter valued at about $37,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

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 assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $123.00.

Federal Signal Price Performance

Shares of NYSE FSS opened at $120.40 on Friday. The firm has a market capitalization of $7.32 billion, a P/E ratio of 31.44, a P/E/G ratio of 1.86 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. The stock’s 50-day simple moving average is $113.18 and its two-hundred day simple moving average is $117.64. Federal Signal Corporation has a twelve month low of $66.47 and a twelve month high of $132.89.

Federal Signal Company 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.