Legato Capital Management LLC Sells 1,455 Shares of Federal Signal Co. (NYSE:FSS)

Legato Capital Management LLC trimmed its stake in Federal Signal Co. (NYSE:FSS) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,859 shares of the conglomerate’s stock after selling 1,455 shares during the period. Legato Capital Management LLC’s holdings in Federal Signal were worth $1,373,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp increased its holdings in shares of Federal Signal by 1.1% in the 3rd quarter. State Street Corp now owns 2,293,775 shares of the conglomerate’s stock worth $214,376,000 after buying an additional 25,080 shares during the last quarter. Geode Capital Management LLC grew its position in Federal Signal by 17.6% in the third quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock worth $149,727,000 after acquiring an additional 239,789 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in Federal Signal by 2.6% in the third quarter. Conestoga Capital Advisors LLC now owns 1,389,045 shares of the conglomerate’s stock valued at $129,820,000 after acquiring an additional 35,167 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Federal Signal by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock valued at $71,875,000 after purchasing an additional 31,517 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Federal Signal by 26.7% during the third quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock worth $59,523,000 after purchasing an additional 134,457 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Stock Down 2.5 %

FSS opened at $96.64 on Thursday. Federal Signal Co. has a 12 month low of $76.03 and a 12 month 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. The business’s 50-day moving average price is $95.94 and its 200-day moving average price is $92.90. The company has a market cap of $5.91 billion, a P/E ratio of 28.01 and a beta of 1.01.

Analyst Upgrades and Downgrades

FSS has been the topic of several recent research reports. Raymond James reiterated an “outperform” rating and set a $110.00 price objective on shares of Federal Signal in a research report on Tuesday, December 24th. StockNews.com cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, DA Davidson lowered their price objective on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th.

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.