Renaissance Technologies LLC reduced its holdings in Federal Signal Corporation (NYSE:FSS – Free Report) by 33.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,800 shares of the conglomerate’s stock after selling 37,804 shares during the period. Renaissance Technologies LLC’s holdings in Federal Signal were worth $8,089,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Federal Signal during the 1st quarter valued at about $7,249,000. Gibbs Wealth Management increased its stake in Federal Signal by 60.3% during the first quarter. Gibbs Wealth Management now owns 7,649 shares of the conglomerate’s stock worth $827,000 after acquiring an additional 2,877 shares during the last quarter. Walleye Capital LLC purchased a new stake in Federal Signal during the first quarter valued at approximately $1,422,000. State of Wyoming raised its position in Federal Signal by 124.8% during the first quarter. State of Wyoming now owns 9,798 shares of the conglomerate’s stock valued at $1,060,000 after purchasing an additional 5,439 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Federal Signal by 12.0% in the 1st quarter. First Trust Advisors LP now owns 1,161,865 shares of the conglomerate’s stock valued at $125,644,000 after purchasing an additional 124,270 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
FSS has been the subject of a number of recent research reports. DA Davidson lifted their target price on Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Wall Street Zen downgraded Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings raised shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. KeyCorp reiterated an “overweight” rating and set a $140.00 price objective on shares of Federal Signal in a research report on Thursday, April 30th. Finally, Zacks Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $137.33.
Federal Signal Stock Performance
Federal Signal stock opened at $128.92 on Tuesday. The company has a 50 day moving average price of $117.50 and a 200-day moving average price of $114.96. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.21 and a current ratio of 2.74. Federal Signal Corporation has a fifty-two week low of $101.18 and a fifty-two week high of $134.51. The company has a market capitalization of $7.86 billion, a PE ratio of 27.78, a P/E/G ratio of 1.71 and a beta of 1.23.
Federal Signal (NYSE:FSS – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.13. The company had revenue of $670.20 million for the quarter, compared to analysts’ expectations of $667.04 million. Federal Signal had a return on equity of 21.36% and a net margin of 11.66%.Federal Signal’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 earnings per share. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. As a group, equities analysts forecast that Federal Signal Corporation will post 5.23 earnings per share for the current year.
Federal Signal Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, August 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is currently 12.93%.
Federal Signal Company 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.
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