State of Alaska Department of Revenue Cuts Holdings in Federal Signal Co. (NYSE:FSS)

State of Alaska Department of Revenue decreased its position in Federal Signal Co. (NYSE:FSS) by 0.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 34,686 shares of the conglomerate’s stock after selling 204 shares during the period. State of Alaska Department of Revenue’s holdings in Federal Signal were worth $3,204,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in Federal Signal during the third quarter valued at about $29,000. Quarry LP boosted its stake in Federal Signal by 73.5% in the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after acquiring an additional 183 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Federal Signal during the 3rd quarter valued at approximately $46,000. Millburn Ridgefield Corp purchased a new stake in shares of Federal Signal during the 3rd quarter worth approximately $70,000. Finally, Mather Group LLC. raised its holdings in shares of Federal Signal by 20.1% in the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock worth $82,000 after purchasing an additional 149 shares during the period. Institutional investors own 92.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on FSS shares. StockNews.com lowered Federal Signal from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. DA Davidson decreased their price objective on Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, Raymond James reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Federal Signal in a report on Tuesday, December 24th.

Federal Signal Trading Down 0.1 %

Shares of FSS stock opened at $97.76 on Monday. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 28.34 and a beta of 1.01. The company’s fifty day simple moving average is $95.94 and its two-hundred day simple moving average is $92.91. Federal Signal Co. has a 1 year low of $76.03 and a 1 year high of $102.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

Federal Signal 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.