Federal Signal Corporation $FSS Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in Federal Signal Corporation (NYSE:FSS) by 14.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 246,658 shares of the conglomerate’s stock after selling 42,232 shares during the period. Thrivent Financial for Lutherans owned approximately 0.41% of Federal Signal worth $29,350,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its stake in shares of Federal Signal by 140.6% in the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after acquiring an additional 142 shares during the period. MAI Capital Management raised its position in Federal Signal by 1,003.8% during the second quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 261 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in Federal Signal by 50.0% in the third quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock valued at $36,000 after acquiring an additional 100 shares during the period. Salomon & Ludwin LLC purchased a new stake in Federal Signal in the 3rd quarter worth approximately $39,000. Finally, TD Waterhouse Canada Inc. purchased a new stake in Federal Signal in the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Trading Up 3.7%

Shares of FSS stock opened at $112.04 on Tuesday. Federal Signal Corporation has a 1-year low of $66.47 and a 1-year high of $132.89. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 1.68 and a beta of 1.35. 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 stock has a 50 day simple moving average of $112.50 and a 200-day simple moving average of $117.28.

Insider Activity

In other news, COO Mark Weber sold 51,187 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $111.56, for a total transaction of $5,710,421.72. Following the completion of the sale, the chief operating officer owned 73,874 shares in the company, valued at approximately $8,241,383.44. The trade was a 40.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Federal Signal in a research note 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $123.00.

Federal Signal 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.