Federal Signal Corporation $FSS Stake Boosted by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in Federal Signal Corporation (NYSE:FSS) by 4.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,436 shares of the conglomerate’s stock after purchasing an additional 7,804 shares during the quarter. Rhumbline Advisers’ holdings in Federal Signal were worth $21,113,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in shares of Federal Signal by 3.5% in the 1st quarter. Royal Bank of Canada now owns 93,618 shares of the conglomerate’s stock valued at $6,886,000 after buying an additional 3,153 shares during the period. AQR Capital Management LLC boosted its stake in Federal Signal by 10.9% in the first quarter. AQR Capital Management LLC now owns 35,702 shares of the conglomerate’s stock valued at $2,626,000 after acquiring an additional 3,520 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Federal Signal by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,822 shares of the conglomerate’s stock valued at $2,635,000 after acquiring an additional 1,594 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Federal Signal by 15.9% during the first quarter. NewEdge Advisors LLC now owns 1,838 shares of the conglomerate’s stock valued at $135,000 after purchasing an additional 252 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Federal Signal during the 1st quarter worth approximately $1,119,000. 92.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Federal Signal in a research report on Monday, December 29th. Two research 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 company has a consensus rating of “Hold” and an average target price of $123.00.

Federal Signal Price Performance

Shares of NYSE:FSS opened at $120.40 on Tuesday. The company has a current ratio of 2.61, a quick ratio of 1.25 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $113.39 and its two-hundred day moving average is $117.65. The firm has a market capitalization of $7.32 billion, a P/E ratio of 31.44, a PEG ratio of 1.87 and a beta of 1.35. Federal Signal Corporation has a 52 week low of $66.47 and a 52 week high of $132.89.

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.