Federal Signal Co. (NYSE:FSS) Holdings Lowered by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. lowered its position in Federal Signal Co. (NYSE:FSS) by 12.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,024,794 shares of the conglomerate’s stock after selling 147,956 shares during the quarter. Federal Signal comprises 2.8% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 8th largest holding. Van Berkom & Associates Inc. owned approximately 1.68% of Federal Signal worth $94,681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FSS. Pembroke Management LTD grew its stake in Federal Signal by 26.6% in the 4th quarter. Pembroke Management LTD now owns 280,016 shares of the conglomerate’s stock valued at $25,871,000 after buying an additional 58,756 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of Federal Signal by 3.0% in the fourth quarter. Truist Financial Corp now owns 45,249 shares of the conglomerate’s stock worth $4,181,000 after acquiring an additional 1,314 shares during the period. Principal Financial Group Inc. grew its position in shares of Federal Signal by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 323,556 shares of the conglomerate’s stock valued at $29,893,000 after purchasing an additional 11,386 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Federal Signal by 5.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 22,979 shares of the conglomerate’s stock valued at $2,123,000 after purchasing an additional 1,257 shares during the period. Finally, PineStone Asset Management Inc. boosted its stake in Federal Signal by 13.5% in the 4th quarter. PineStone Asset Management Inc. now owns 174,884 shares of the conglomerate’s stock worth $16,158,000 after purchasing an additional 20,800 shares during the period. 92.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FSS shares. StockNews.com upgraded Federal Signal from a “hold” rating to a “buy” rating in a research report on Friday. Raymond James reaffirmed an “outperform” rating and set a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th. Finally, DA Davidson cut their price target 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 Stock Performance

Shares of FSS opened at $97.09 on Friday. Federal Signal Co. has a 12-month low of $76.85 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 company has a market cap of $5.93 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 1.89 and a beta of 1.01. The stock has a 50-day moving average price of $95.88 and a 200-day moving average price of $92.97.

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.