Pembroke Management LTD Buys 58,756 Shares of Federal Signal Co. (NYSE:FSS)

Pembroke Management LTD increased its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 26.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,016 shares of the conglomerate's stock after purchasing an additional 58,756 shares during the period. Federal Signal makes up 3.3% of Pembroke Management LTD's portfolio, making the stock its 10th biggest position. Pembroke Management LTD owned approximately 0.46% of Federal Signal worth $25,871,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FSS. ArrowMark Colorado Holdings LLC bought a new position in shares of Federal Signal during the 3rd quarter valued at about $28,863,000. Geode Capital Management LLC lifted its holdings in shares of Federal Signal by 17.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate's stock valued at $149,727,000 after purchasing an additional 239,789 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Federal Signal by 113.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate's stock valued at $37,200,000 after purchasing an additional 211,555 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Federal Signal by 26.7% during the 3rd quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate's stock valued at $59,523,000 after purchasing an additional 134,457 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Federal Signal by 338.7% during the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock valued at $13,569,000 after purchasing an additional 112,092 shares in the last quarter. Institutional investors own 92.73% of the company's stock.

Wall Street Analysts Forecast Growth

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

Federal Signal Stock Down 3.6 %

Federal Signal stock traded down $3.48 during midday trading on Friday, reaching $93.64. The stock had a trading volume of 389,296 shares, compared to its average volume of 373,753. The firm's fifty day simple moving average is $95.88 and its 200-day simple moving average is $92.97. Federal Signal Co. has a 1-year low of $76.85 and a 1-year high of $102.18. The stock has a market capitalization of $5.72 billion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 1.89 and a beta of 1.01. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83.

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.