Federal Signal Co. (NYSE:FSS) Stock Holdings Increased by Van ECK Associates Corp

Van ECK Associates Corp raised its position in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 40.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,216 shares of the conglomerate's stock after acquiring an additional 14,953 shares during the period. Van ECK Associates Corp owned approximately 0.09% of Federal Signal worth $4,824,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in Federal Signal during the third quarter valued at about $29,000. Quarry LP grew its position in Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate's stock valued at $40,000 after acquiring an additional 183 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Federal Signal during the third quarter valued at about $46,000. Millburn Ridgefield Corp purchased a new stake in Federal Signal during the third quarter valued at about $70,000. Finally, Mather Group LLC. grew its position in Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock valued at $82,000 after acquiring an additional 149 shares during the period. Hedge funds and other institutional investors own 92.73% of the company's stock.

Federal Signal Stock Down 3.6 %

Shares of FSS traded down $3.48 during midday trading on Friday, reaching $93.64. 389,296 shares of the company were exchanged, compared to its average volume of 373,753. The stock has a 50-day moving average price of $95.88 and a 200-day moving average price of $92.97. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 1.89 and a beta of 1.01. Federal Signal Co. has a 1-year low of $76.85 and a 1-year high of $102.18. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19.

Analyst Ratings Changes

A number of research analysts have commented on the company. StockNews.com upgraded Federal Signal from a "hold" rating to a "buy" rating in a research note on Friday. DA Davidson reduced their price objective on Federal Signal from $94.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. Finally, Raymond James restated an "outperform" rating and set a $110.00 price objective on shares of Federal Signal in a research note 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.