Ranger Investment Management L.P. Sells 190,840 Shares of Federal Signal Corporation $FSS

Ranger Investment Management L.P. lessened its stake in shares of Federal Signal Corporation (NYSE:FSS) by 49.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 194,245 shares of the conglomerate’s stock after selling 190,840 shares during the quarter. Federal Signal comprises about 1.6% of Ranger Investment Management L.P.’s investment portfolio, making the stock its 28th biggest holding. Ranger Investment Management L.P. owned 0.32% of Federal Signal worth $23,113,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its position in Federal Signal by 140.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 142 shares during the period. MAI Capital Management grew its holdings in shares of Federal Signal by 1,003.8% in the second quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 261 shares during the period. CoreCap Advisors LLC increased its position in Federal Signal by 50.0% during the third quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in Federal Signal during the third quarter valued at $39,000. Finally, TD Waterhouse Canada Inc. bought a new position in Federal Signal in the second quarter valued at about $37,000. 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 note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Federal Signal has a consensus rating of “Hold” and a consensus target price of $123.00.

Federal Signal Stock Performance

Shares of NYSE:FSS opened at $112.41 on Friday. The stock has a 50 day moving average of $112.41 and a 200 day moving average of $117.21. The company has a market cap of $6.84 billion, a PE ratio of 29.35, a price-to-earnings-growth ratio of 1.73 and a beta of 1.35. Federal Signal Corporation has a 12-month low of $66.47 and a 12-month high of $132.89. The company has a current ratio of 2.61, a quick ratio of 1.25 and a debt-to-equity ratio of 0.15.

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.