Allspring Global Investments Holdings LLC Sells 15,467 Shares of Federal Signal Co. (NYSE:FSS)

Allspring Global Investments Holdings LLC lowered its position in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 30.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,494 shares of the conglomerate's stock after selling 15,467 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of Federal Signal worth $3,279,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FSS. Quarry LP lifted its position in Federal Signal by 73.5% in the third quarter. Quarry LP now owns 432 shares of the conglomerate's stock worth $40,000 after purchasing an additional 183 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Federal Signal during the third quarter valued at approximately $46,000. Millburn Ridgefield Corp bought a new stake in shares of Federal Signal during the 3rd quarter worth about $70,000. Mather Group LLC. grew its stake in Federal Signal by 20.1% in the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock valued at $82,000 after buying an additional 149 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Federal Signal by 23.1% during the 3rd quarter. CWM LLC now owns 1,171 shares of the conglomerate's stock worth $109,000 after purchasing an additional 220 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on FSS. Raymond James reissued an "outperform" rating and set a $110.00 price objective on shares of Federal Signal in a report on Tuesday, December 24th. StockNews.com upgraded shares of Federal Signal from a "hold" rating to a "buy" rating in a research report on Friday. Finally, DA Davidson decreased their price target on Federal Signal from $94.00 to $90.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th.

Federal Signal Stock Performance

FSS stock traded down $3.48 during trading hours on Friday, reaching $93.64. The stock had a trading volume of 389,296 shares, compared to its average volume of 373,753. Federal Signal Co. has a fifty-two week low of $76.85 and a fifty-two week high of $102.18. The stock has a market capitalization of $5.72 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 1.89 and a beta of 1.01. The stock has a 50-day simple moving average of $95.88 and a 200 day simple moving average of $92.97. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

Federal Signal Company Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.