FMR LLC & Abigail Johnson Trim Federal Signal Stake to 4.501%
Ticker: FSS · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 277509
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**FMR LLC and Abigail Johnson now own 4.501% of Federal Signal, a slight reduction.**
AI Summary
FMR LLC, a major investment firm, and its CEO, Abigail P. Johnson, have updated their ownership stake in Federal Signal Corp /DE/ (FSS) to 4.501% as of February 9, 2024. This represents beneficial ownership of 2,742,729 shares of common stock. This filing indicates a slight decrease in their percentage ownership from a previous filing, which could signal a minor shift in their investment strategy or simply be due to share dilution, and is important for investors as large institutional holdings can influence stock stability and future performance.
Why It Matters
Large institutional ownership changes can signal shifts in confidence or strategy, impacting how other investors perceive the stock and potentially influencing its price.
Risk Assessment
Risk Level: low — A minor adjustment in institutional ownership by a large firm like FMR LLC typically poses a low risk to the average investor.
Analyst Insight
Investors should monitor future 13G/A filings from FMR LLC to track any further significant changes in their ownership percentage, as large institutional movements can sometimes precede broader market sentiment shifts for the stock.
Key Numbers
- 2,742,729 — Shares Beneficially Owned (This is the total number of Federal Signal Corp common shares that FMR LLC and Abigail P. Johnson beneficially own as of February 9, 2024.)
- 4.501% — Percentage of Class (This represents the proportion of Federal Signal Corp's common stock owned by FMR LLC and Abigail P. Johnson, indicating their significant, though slightly reduced, stake.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, associated with FMR LLC
- FEDERAL SIGNAL CORP /DE/ (company) — the issuer of the common stock
- 2,742,729 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 4.501% (dollar_amount) — percentage of class beneficially owned
Forward-Looking Statements
- FMR LLC will maintain a significant, but potentially fluctuating, stake in Federal Signal Corp. (FMR LLC) — medium confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What is the total number of shares of FEDERAL SIGNAL CORP common stock beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 2,742,729 shares of FEDERAL SIGNAL CORP common stock, as indicated in Item 7 and Item 9 for both reporting persons.
What percentage of FEDERAL SIGNAL CORP's common stock do FMR LLC and Abigail P. Johnson collectively own?
They collectively own 4.501% of FEDERAL SIGNAL CORP's common stock, as stated in Item 11 for both FMR LLC and Abigail P. Johnson, and in Item 4(b) for FMR LLC.
What rule is this Schedule 13G filed under?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box at the beginning of the filing.
What is the CUSIP number for FEDERAL SIGNAL CORP common stock?
The CUSIP number for FEDERAL SIGNAL CORP common stock is #313855108, as listed multiple times in the filing, including under Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding FEDERAL SIGNAL CORP /DE/ (FSS).