Fort Washington Investment Advisors Inc. OH Sells 61,060 Shares of Federal Signal Co. (NYSE:FSS)

Fort Washington Investment Advisors Inc. OH lessened its position in Federal Signal Co. (NYSE:FSS) by 28.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 152,599 shares of the conglomerate’s stock after selling 61,060 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.25% of Federal Signal worth $14,099,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of Federal Signal in the 3rd quarter valued at $29,000. Quarry LP increased its holdings in shares of Federal Signal by 73.5% in the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after acquiring an additional 183 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Federal Signal during the third quarter worth about $46,000. Point72 DIFC Ltd bought a new position in shares of Federal Signal during the 2nd quarter valued at about $62,000. Finally, Millburn Ridgefield Corp acquired a new position in shares of Federal Signal in the 3rd quarter valued at approximately $70,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on FSS shares. DA Davidson dropped their target price on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. StockNews.com raised shares of Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, December 28th. Finally, Raymond James reissued an “outperform” rating and issued a $110.00 price target on shares of Federal Signal in a research note on Tuesday, December 24th.

Federal Signal Price Performance

NYSE FSS opened at $99.17 on Thursday. Federal Signal Co. has a 12-month low of $74.40 and a 12-month high of $102.18. The firm’s 50 day moving average is $94.90 and its 200-day moving average is $92.30. The company has a market capitalization of $6.06 billion, a PE ratio of 28.74 and a beta of 1.01. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The company had revenue of $474.20 million during the quarter, compared to the consensus estimate of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. Equities research analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

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.