PineStone Asset Management Inc. Increases Position in Federal Signal Co. (NYSE:FSS)

PineStone Asset Management Inc. grew its stake in Federal Signal Co. (NYSE:FSS - Free Report) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 174,884 shares of the conglomerate's stock after buying an additional 20,800 shares during the period. PineStone Asset Management Inc. owned 0.29% of Federal Signal worth $16,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers grew its stake in Federal Signal by 0.3% during the fourth quarter. Rhumbline Advisers now owns 164,292 shares of the conglomerate's stock worth $15,179,000 after purchasing an additional 462 shares during the period. Van ECK Associates Corp lifted its holdings in Federal Signal by 40.1% during the fourth quarter. Van ECK Associates Corp now owns 52,216 shares of the conglomerate's stock worth $4,824,000 after acquiring an additional 14,953 shares during the period. Mather Group LLC. lifted its holdings in Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock worth $82,000 after acquiring an additional 149 shares during the period. Hantz Financial Services Inc. purchased a new stake in Federal Signal in the fourth quarter worth $2,114,000. Finally, R Squared Ltd purchased a new stake in Federal Signal in the fourth quarter worth $200,000. Institutional investors and hedge funds own 92.73% of the company's stock.

Federal Signal Stock Performance

NYSE FSS traded up $0.77 on Wednesday, hitting $99.30. 436,898 shares of the company traded hands, compared to its average volume of 373,568. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The business's 50 day moving average price is $95.89 and its 200-day moving average price is $92.95. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 28.78, a P/E/G ratio of 1.84 and a beta of 1.01. Federal Signal Co. has a 52-week low of $76.85 and a 52-week high of $102.18.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com cut Federal Signal from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. DA Davidson lowered their target price on Federal Signal from $94.00 to $90.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. Finally, Raymond James reiterated an "outperform" rating and set a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th.

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.