Legato Capital Management LLC Reduces Stock Position in Federal Signal Co. (NYSE:FSS)

Legato Capital Management LLC decreased its position in Federal Signal Co. (NYSE:FSS) by 8.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 14,859 shares of the conglomerate’s stock after selling 1,455 shares during the quarter. Legato Capital Management LLC’s holdings in Federal Signal were worth $1,373,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FSS. Mather Group LLC. increased its holdings in Federal Signal by 20.1% during the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock valued at $82,000 after purchasing an additional 149 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of Federal Signal in the 4th quarter worth approximately $2,114,000. R Squared Ltd bought a new position in shares of Federal Signal during the fourth quarter valued at approximately $200,000. KBC Group NV lifted its stake in Federal Signal by 51.9% in the fourth quarter. KBC Group NV now owns 2,728 shares of the conglomerate’s stock worth $252,000 after acquiring an additional 932 shares during the period. Finally, Albion Financial Group UT boosted its holdings in Federal Signal by 1.3% in the fourth quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate’s stock valued at $1,120,000 after acquiring an additional 153 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on FSS. DA Davidson decreased their price objective on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Raymond James restated an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a report on Tuesday, December 24th. Finally, StockNews.com downgraded Federal Signal from a “buy” rating to a “hold” rating in a report on Thursday.

Federal Signal Stock Performance

Shares of FSS stock opened at $96.64 on Thursday. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The company’s fifty day moving average price is $95.94 and its 200-day moving average price is $92.90. The stock has a market cap of $5.91 billion, a PE ratio of 28.01 and a beta of 1.01. Federal Signal Co. has a 12 month low of $76.03 and a 12 month high of $102.18.

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.