Allianz Asset Management GmbH Makes New $108.88 Million Investment in Federal Signal Corporation $FSS

Allianz Asset Management GmbH acquired a new stake in Federal Signal Corporation (NYSE:FSS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 915,071 shares of the conglomerate’s stock, valued at approximately $108,884,000. Allianz Asset Management GmbH owned approximately 1.51% of Federal Signal as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in Federal Signal by 140.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after buying an additional 142 shares in the last quarter. MAI Capital Management lifted its holdings 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 buying an additional 261 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Federal Signal by 50.0% during the third quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock worth $36,000 after purchasing an additional 100 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new position in shares of Federal Signal in the 2nd quarter valued at about $37,000. Finally, Salomon & Ludwin LLC acquired a new position in Federal Signal in the third quarter valued at approximately $39,000. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Price Performance

Shares of NYSE:FSS opened at $110.11 on Wednesday. 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 market cap of $6.70 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 1.74 and a beta of 1.35. The stock’s 50 day moving average price is $112.47 and its 200 day moving average price is $117.29. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $132.89.

Insider Activity at Federal Signal

In related news, COO Mark Weber sold 51,187 shares of the 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 directly owned 73,874 shares of the company’s stock, valued at $8,241,383.44. This represents a 40.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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