California State Teachers Retirement System reduced its position in Federal Signal Co. (NYSE:FSS) by 9.7% in the 3rd quarter, Holdings Channel reports. The firm owned 94,434 shares of the conglomerate’s stock after selling 10,120 shares during the period. California State Teachers Retirement System’s holdings in Federal Signal were worth $2,010,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its stake in Federal Signal by 104.4% during the 2nd quarter. FMR LLC now owns 1,591,319 shares of the conglomerate’s stock valued at $27,625,000 after acquiring an additional 812,669 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in Federal Signal during the 3rd quarter valued at approximately $6,833,000. Macquarie Group Ltd. raised its stake in Federal Signal by 14.0% during the 3rd quarter. Macquarie Group Ltd. now owns 1,299,374 shares of the conglomerate’s stock valued at $27,651,000 after acquiring an additional 159,995 shares during the last quarter. Shell Asset Management Co. raised its stake in Federal Signal by 176.8% during the 3rd quarter. Shell Asset Management Co. now owns 207,370 shares of the conglomerate’s stock valued at $2,746,000 after acquiring an additional 132,447 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Federal Signal by 5.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,517,979 shares of the conglomerate’s stock valued at $43,712,000 after acquiring an additional 123,700 shares during the last quarter. 84.10% of the stock is owned by institutional investors and hedge funds.

Shares of Federal Signal Co. (NYSE FSS) opened at $20.59 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.23 and a current ratio of 2.37. The company has a market capitalization of $1,196.08, a P/E ratio of 28.21 and a beta of 1.33. Federal Signal Co. has a one year low of $13.07 and a one year high of $23.64.

Federal Signal (NYSE:FSS) last released its earnings results on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.03. Federal Signal had a return on equity of 11.39% and a net margin of 5.30%. The company had revenue of $249.00 million for the quarter, compared to analysts’ expectations of $240.30 million. During the same quarter in the previous year, the firm posted $0.17 EPS. The firm’s quarterly revenue was up 33.4% on a year-over-year basis. equities research analysts predict that Federal Signal Co. will post 0.81 earnings per share for the current year.

In other Federal Signal news, Director Brenda Reichelderfer sold 45,721 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $20.76, for a total transaction of $949,167.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dennis J. Martin sold 45,172 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $21.90, for a total value of $989,266.80. The disclosure for this sale can be found here. Insiders have sold a total of 110,172 shares of company stock worth $2,338,207 in the last quarter. 4.20% of the stock is currently owned by insiders.

FSS has been the subject of several analyst reports. Zacks Investment Research raised Federal Signal from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Monday, November 6th. ValuEngine downgraded Federal Signal from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Federal Signal currently has a consensus rating of “Hold” and an average price target of $22.50.

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About Federal Signal

Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.

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Institutional Ownership by Quarter for Federal Signal (NYSE:FSS)

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