New York State Teachers Retirement System Lowers Position in Federal Signal Co. (NYSE:FSS)

New York State Teachers Retirement System lessened its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,792 shares of the conglomerate's stock after selling 2,700 shares during the period. New York State Teachers Retirement System owned about 0.12% of Federal Signal worth $6,910,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC grew its holdings in shares of Federal Signal by 23.1% during the third 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. Creative Planning raised its position in shares of Federal Signal by 19.8% during the third quarter. Creative Planning now owns 30,203 shares of the conglomerate's stock worth $2,823,000 after purchasing an additional 4,984 shares during the period. BLB&B Advisors LLC acquired a new position in shares of Federal Signal during the third quarter worth approximately $203,000. Assenagon Asset Management S.A. grew its stake 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 worth $37,200,000 after acquiring an additional 211,555 shares during the period. Finally, Legacy Wealth Asset Management LLC grew its stake in shares of Federal Signal by 1.7% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 13,984 shares of the conglomerate's stock worth $1,307,000 after acquiring an additional 227 shares during the period. Institutional investors own 92.73% of the company's stock.

Federal Signal Price Performance

Shares of NYSE:FSS traded down $2.84 on Friday, hitting $94.29. The company's stock had a trading volume of 133,038 shares, compared to its average volume of 365,686. The company has a market capitalization of $5.76 billion, a PE ratio of 27.31, a PEG ratio of 1.89 and a beta of 1.01. 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 Co. has a 1 year low of $76.85 and a 1 year high of $102.18. The company has a 50-day simple moving average of $95.88 and a 200 day simple moving average of $92.97.

Analyst Ratings Changes

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

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.