Federal Signal Corporation $FSS Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. lowered its holdings in Federal Signal Corporation (NYSE:FSS) by 15.1% in the third quarter, Holdings Channel.com reports. The fund owned 41,231 shares of the conglomerate’s stock after selling 7,360 shares during the quarter. Alps Advisors Inc.’s holdings in Federal Signal were worth $4,906,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FSS. State Street Corp lifted its stake in shares of Federal Signal by 0.4% in the second quarter. State Street Corp now owns 2,266,523 shares of the conglomerate’s stock valued at $241,203,000 after purchasing an additional 7,982 shares during the period. First Trust Advisors LP increased its holdings in Federal Signal by 49.6% in the second quarter. First Trust Advisors LP now owns 1,501,431 shares of the conglomerate’s stock valued at $159,782,000 after buying an additional 497,652 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Federal Signal during the 3rd quarter valued at approximately $108,884,000. Norges Bank purchased a new stake in shares of Federal Signal during the 2nd quarter worth approximately $79,165,000. Finally, Franklin Resources Inc. boosted its stake in shares of Federal Signal by 20.1% during the 2nd quarter. Franklin Resources Inc. now owns 732,283 shares of the conglomerate’s stock worth $77,930,000 after acquiring an additional 122,558 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Stock Up 0.1%

FSS stock opened at $116.81 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.61 and a quick ratio of 1.25. The company’s 50 day simple moving average is $112.54 and its 200-day simple moving average is $117.46. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $132.89. The firm has a market capitalization of $7.10 billion, a PE ratio of 30.50, a P/E/G ratio of 1.82 and a beta of 1.35.

Analyst Upgrades and Downgrades

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

About Federal Signal

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.