Envestnet Asset Management Inc. Increases Position in Federal Signal Corporation $FSS

Envestnet Asset Management Inc. increased its stake in shares of Federal Signal Corporation (NYSE:FSS) by 19.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,877 shares of the conglomerate’s stock after purchasing an additional 43,716 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.44% of Federal Signal worth $32,113,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FSS. Archer Investment Corp raised its holdings in Federal Signal by 5.7% in the third quarter. Archer Investment Corp now owns 1,842 shares of the conglomerate’s stock worth $219,000 after purchasing an additional 99 shares in the last quarter. KLP Kapitalforvaltning AS grew its position in shares of Federal Signal by 0.8% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 12,700 shares of the conglomerate’s stock worth $1,511,000 after buying an additional 100 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of Federal Signal by 50.0% during the 3rd quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Federal Signal by 10.0% during the second quarter. Canada Pension Plan Investment Board now owns 1,100 shares of the conglomerate’s stock valued at $117,000 after acquiring an additional 100 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Federal Signal by 9.5% in the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the conglomerate’s stock valued at $130,000 after acquiring an additional 108 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Federal Signal in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Federal Signal presently has a consensus rating of “Hold” and an average price target of $123.00.

Federal Signal Stock Performance

Shares of FSS opened at $119.32 on Thursday. The stock has a 50-day moving average of $112.83 and a two-hundred day moving average of $117.54. The stock has a market cap of $7.26 billion, a P/E ratio of 31.15, a P/E/G ratio of 1.84 and a beta of 1.35. Federal Signal Corporation has a one year low of $66.47 and a one year high of $132.89. 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 Company 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.