AlphaOne Investment Services LLC Reduces Stake in Federal Signal Corporation (FSS)
AlphaOne Investment Services LLC cut its position in Federal Signal Corporation (NYSE:FSS) by 10.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 226,826 shares of the company’s stock after selling 26,500 shares during the period. AlphaOne Investment Services LLC owned about 0.38% of Federal Signal Corporation worth $3,541,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of FSS. Teacher Retirement System of Texas boosted its stake in Federal Signal Corporation by 8.0% in the second quarter. Teacher Retirement System of Texas now owns 8,676 shares of the company’s stock worth $112,000 after buying an additional 639 shares during the period. Airain ltd bought a new stake in Federal Signal Corporation during the third quarter worth approximately $167,000. Suntrust Banks Inc. bought a new stake in Federal Signal Corporation during the third quarter worth approximately $179,000. Trexquant Investment LP bought a new stake in Federal Signal Corporation during the fourth quarter worth approximately $219,000. Finally, BlackRock Inc. boosted its stake in Federal Signal Corporation by 3.7% in the third quarter. BlackRock Inc. now owns 17,234 shares of the company’s stock worth $228,000 after buying an additional 609 shares during the period. 84.52% of the stock is currently owned by institutional investors.
Shares of Federal Signal Corporation (NYSE:FSS) traded down 0.83% during midday trading on Thursday, reaching $15.48. 268,018 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $15.68 and a 200-day moving average of $14.25. Federal Signal Corporation has a one year low of $11.16 and a one year high of $16.65. The stock has a market cap of $927.33 million, a price-to-earnings ratio of 22.08 and a beta of 1.53.
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A number of equities research analysts recently commented on FSS shares. Seaport Global Securities raised shares of Federal Signal Corporation from an “accumulate” rating to a “buy” rating in a report on Wednesday, February 1st. TheStreet raised shares of Federal Signal Corporation from a “hold” rating to a “buy” rating in a report on Friday, November 18th. Finally, Zacks Investment Research cut shares of Federal Signal Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, November 2nd.
About Federal Signal Corporation
Federal Signal Corporation designs and manufactures products and integrated solutions for municipal governmental industrial and commercial customers. The Company operates through two segments: Environmental Solutions Group, and Safety and Security Systems Group. Environmental Solutions Group is manufacturer and supplier of a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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