Truist Financial Corp Sells 9,136 Shares of Federal Signal Corporation $FSS

Truist Financial Corp lessened its stake in shares of Federal Signal Corporation (NYSE:FSS) by 17.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,383 shares of the conglomerate’s stock after selling 9,136 shares during the period. Truist Financial Corp owned 0.07% of Federal Signal worth $5,281,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FSS. EverSource Wealth Advisors LLC grew its stake in Federal Signal by 140.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock valued at $26,000 after buying an additional 142 shares during the last quarter. MAI Capital Management lifted its position in Federal Signal by 1,003.8% during the 2nd quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 261 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in Federal Signal by 50.0% during 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. TD Waterhouse Canada Inc. acquired a new stake in shares of Federal Signal in the second quarter valued at about $37,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Federal Signal in the third quarter valued at about $39,000. Institutional investors own 92.73% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Federal Signal in a research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $123.00.

Federal Signal Stock Down 1.7%

FSS stock opened at $110.11 on Wednesday. Federal Signal Corporation has a twelve month low of $66.47 and a twelve month high of $132.89. The company has a quick ratio of 1.25, a current ratio of 2.61 and a debt-to-equity ratio of 0.15. The company has a market cap of $6.70 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 1.74 and a beta of 1.35. The business’s 50-day simple moving average is $112.47 and its 200 day simple moving average is $117.29.

Insiders Place Their Bets

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

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.