Fort Washington Investment Advisors Inc. OH Reduces Stock Holdings in Federal Signal Co. (NYSE:FSS)

Fort Washington Investment Advisors Inc. OH reduced its stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 28.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 152,599 shares of the conglomerate's stock after selling 61,060 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.25% of Federal Signal worth $14,099,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. V Square Quantitative Management LLC acquired a new stake in Federal Signal during the third quarter worth about $29,000. Quarry LP grew its stake in shares of Federal Signal by 73.5% during the 3rd 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 purchased a new position in shares of Federal Signal during the 3rd quarter valued at approximately $46,000. Point72 DIFC Ltd acquired a new position in shares of Federal Signal in the 2nd quarter valued at $62,000. Finally, Millburn Ridgefield Corp acquired a new stake in Federal Signal during the third quarter valued at $70,000. Hedge funds and other institutional investors own 92.73% of the company's stock.

Wall Street Analysts Forecast Growth

FSS has been the subject of a number of analyst reports. Raymond James reaffirmed an "outperform" rating and issued a $110.00 price target on shares of Federal Signal in a report on Tuesday, December 24th. StockNews.com upgraded Federal Signal from a "hold" rating to a "buy" rating in a research report on Saturday, December 28th. Finally, DA Davidson reduced their price objective on shares of Federal Signal from $94.00 to $90.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th.

Federal Signal Price Performance

Shares of Federal Signal stock traded up $2.11 during mid-day trading on Thursday, reaching $101.34. 235,342 shares of the stock traded hands, compared to its average volume of 399,705. The stock has a market capitalization of $6.19 billion, a PE ratio of 29.37 and a beta of 1.01. The business has a 50-day moving average of $95.04 and a 200 day moving average of $92.35. Federal Signal Co. has a fifty-two week low of $74.40 and a fifty-two week high of $102.18. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.04. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. During the same quarter last year, the firm posted $0.71 EPS. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts predict that Federal Signal Co. will post 3.34 EPS for the current year.

About Federal Signal

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.