Federal Signal Corporation $FSS Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC increased its holdings in Federal Signal Corporation (NYSE:FSS) by 68.8% in the third quarter, HoldingsChannel.com reports. The firm owned 22,668 shares of the conglomerate’s stock after buying an additional 9,237 shares during the quarter. ProShare Advisors LLC’s holdings in Federal Signal were worth $2,697,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CW Advisors LLC purchased a new stake in shares of Federal Signal during the second quarter worth $6,426,000. Campbell & CO Investment Adviser LLC acquired a new position in Federal Signal during the second quarter worth about $942,000. Y Intercept Hong Kong Ltd acquired a new stake in Federal Signal in the 3rd quarter valued at about $3,745,000. Global Alpha Capital Management Ltd. lifted its stake in Federal Signal by 17.3% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 562,813 shares of the conglomerate’s stock worth $59,895,000 after purchasing an additional 83,100 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Federal Signal during the 2nd quarter worth approximately $278,000. 92.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Federal Signal in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $123.00.

Federal Signal Stock Performance

Federal Signal stock opened at $120.40 on Friday. The firm has a 50 day simple moving average of $113.18 and a 200-day simple moving average of $117.73. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.61 and a quick ratio of 1.25. Federal Signal Corporation has a 1-year low of $66.47 and a 1-year high of $132.89.

Federal Signal Company 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.