Federal Signal Co. (NYSE:FSS) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its stake in shares of Federal Signal Co. (NYSE:FSS) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,979 shares of the conglomerate’s stock after acquiring an additional 1,257 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Federal Signal were worth $2,123,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FSS. Quarry LP increased its stake in shares of 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 acquired a new position in shares of Federal Signal during the third quarter valued at approximately $46,000. Millburn Ridgefield Corp acquired a new position in shares of Federal Signal during the third quarter valued at approximately $70,000. Mather Group LLC. increased its stake in shares of 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. Finally, CWM LLC increased its stake in shares of Federal Signal by 23.1% during the third quarter. CWM LLC now owns 1,171 shares of the conglomerate’s stock valued at $109,000 after acquiring an additional 220 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Trading Down 3.6 %

Shares of NYSE:FSS opened at $93.64 on Friday. The company has a 50 day moving average price of $95.83 and a 200 day moving average price of $92.99. Federal Signal Co. has a 1-year low of $76.85 and a 1-year high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 1.85 and a beta of 1.01.

Analyst Upgrades and Downgrades

FSS has been the subject of a number of research reports. Raymond James restated an “outperform” rating and set a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th. DA Davidson reduced their target price 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. Finally, StockNews.com upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a report on Friday.

Federal Signal 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.