Pinebridge Investments L.P. Has $2.27 Million Stake in Federal Signal Co. (FSS)

Pinebridge Investments L.P. grew its position in Federal Signal Co. (NYSE:FSS) by 79.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,095 shares of the conglomerate’s stock after acquiring an additional 49,974 shares during the period. Pinebridge Investments L.P. owned about 0.19% of Federal Signal worth $2,272,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FSS. Teachers Advisors LLC boosted its holdings in shares of Federal Signal by 9.6% in the second quarter. Teachers Advisors LLC now owns 105,191 shares of the conglomerate’s stock valued at $1,826,000 after acquiring an additional 9,220 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Federal Signal by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,197,214 shares of the conglomerate’s stock valued at $55,503,000 after acquiring an additional 103,228 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Federal Signal by 7.0% in the second quarter. California Public Employees Retirement System now owns 142,400 shares of the conglomerate’s stock valued at $2,472,000 after purchasing an additional 9,300 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Federal Signal by 39.1% in the second quarter. Parametric Portfolio Associates LLC now owns 77,663 shares of the conglomerate’s stock valued at $1,348,000 after purchasing an additional 21,832 shares during the period. Finally, Voya Investment Management LLC lifted its stake in shares of Federal Signal by 8.4% in the second quarter. Voya Investment Management LLC now owns 30,158 shares of the conglomerate’s stock valued at $524,000 after purchasing an additional 2,338 shares during the period. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of Federal Signal Co. (NYSE FSS) opened at $19.42 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 2.37 and a debt-to-equity ratio of 0.67. Federal Signal Co. has a 52 week low of $13.07 and a 52 week high of $23.64. The company has a market cap of $1,163.69, a PE ratio of 25.19 and a beta of 1.27.

In related news, Director James E. Goodwin sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $20.67, for a total value of $206,700.00. Following the completion of the sale, the director now owns 122,929 shares in the company, valued at $2,540,942.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is owned by company insiders.

FSS has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Federal Signal from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Monday, November 6th. ValuEngine cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Sidoti initiated coverage on shares of Federal Signal in a research note on Tuesday. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $21.00.

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Federal Signal Company Profile

Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.

Institutional Ownership by Quarter for Federal Signal (NYSE:FSS)

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