Alps Advisors Inc. Trims Stock Position in Federal Signal Corporation $FSS

Alps Advisors Inc. decreased its position in shares of Federal Signal Corporation (NYSE:FSS) by 15.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,231 shares of the conglomerate’s stock after selling 7,360 shares during the quarter. Alps Advisors Inc. owned approximately 0.07% of Federal Signal worth $4,906,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Portside Wealth Group LLC grew its stake in Federal Signal by 17.3% during the 3rd quarter. Portside Wealth Group LLC now owns 3,580 shares of the conglomerate’s stock worth $426,000 after buying an additional 527 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Federal Signal by 30,645.7% in the third quarter. Bessemer Group Inc. now owns 154,036 shares of the conglomerate’s stock valued at $18,330,000 after acquiring an additional 153,535 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Federal Signal by 19.3% during the third quarter. Envestnet Asset Management Inc. now owns 269,877 shares of the conglomerate’s stock worth $32,113,000 after acquiring an additional 43,716 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Federal Signal during the third quarter worth approximately $108,884,000. Finally, State of Wyoming increased its holdings in shares of Federal Signal by 16.2% in the 3rd quarter. State of Wyoming now owns 6,615 shares of the conglomerate’s stock valued at $787,000 after acquiring an additional 922 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Stock Performance

Shares of FSS opened at $116.81 on Tuesday. The stock has a market capitalization of $7.10 billion, a P/E ratio of 30.50, a P/E/G ratio of 1.82 and a beta of 1.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.25 and a current ratio of 2.61. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $132.89. The company’s fifty day moving average is $112.54 and its two-hundred day moving average is $117.46.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Federal Signal in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Federal Signal presently has a consensus rating of “Hold” and an average price target of $123.00.

Federal Signal Profile

Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.

Federal Signal operates through two primary business segments.