Van Berkom & Associates Inc. Cuts Stock Holdings in Federal Signal Corporation $FSS

Van Berkom & Associates Inc. cut its position in shares of Federal Signal Corporation (NYSE:FSS) by 23.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 636,974 shares of the conglomerate’s stock after selling 199,898 shares during the quarter. Federal Signal makes up 2.2% of Van Berkom & Associates Inc.’s portfolio, making the stock its 23rd largest holding. Van Berkom & Associates Inc.’s holdings in Federal Signal were worth $75,794,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in 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 buying an additional 142 shares in the last quarter. MAI Capital Management grew its position in shares of Federal Signal by 1,003.8% during the 2nd quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 261 shares during the period. CoreCap Advisors LLC increased its stake in shares of Federal Signal by 50.0% in the 3rd quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in Federal Signal in the 2nd quarter worth about $37,000. Finally, Salomon & Ludwin LLC purchased a new position in Federal Signal during the third quarter worth approximately $39,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Stock Down 1.7%

FSS opened at $110.11 on Wednesday. The company has a market cap of $6.70 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 1.74 and a beta of 1.35. Federal Signal Corporation has a twelve month low of $66.47 and a twelve month high of $132.89. The company has a 50-day moving average price of $112.47 and a 200 day moving average price of $117.29. The company has a quick ratio of 1.25, a current ratio of 2.61 and a debt-to-equity ratio of 0.15.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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 given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $123.00.

Insider Activity at Federal Signal

In other news, COO Mark Weber sold 51,187 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $111.56, for a total value of $5,710,421.72. Following the transaction, the chief operating officer owned 73,874 shares in the company, valued at $8,241,383.44. This trade represents a 40.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.30% of the stock is owned by insiders.

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.