Globeflex Capital L P acquired a new stake in shares of Federal Signal Corporation (NYSE:FSS – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,378 shares of the conglomerate’s stock, valued at approximately $1,462,000.
Several other large investors have also modified their holdings of FSS. First Trust Advisors LP grew its stake in Federal Signal by 12.0% in the first quarter. First Trust Advisors LP now owns 1,161,865 shares of the conglomerate’s stock worth $125,644,000 after purchasing an additional 124,270 shares in the last quarter. Geode Capital Management LLC lifted its stake in Federal Signal by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,725,757 shares of the conglomerate’s stock worth $187,427,000 after acquiring an additional 18,587 shares during the period. Montanaro Asset Management Ltd increased its position in Federal Signal by 65.9% during the 4th quarter. Montanaro Asset Management Ltd now owns 68,500 shares of the conglomerate’s stock valued at $7,438,000 after purchasing an additional 27,200 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Federal Signal during the first quarter valued at approximately $57,749,000. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in Federal Signal by 9.3% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 270,471 shares of the conglomerate’s stock valued at $29,249,000 after acquiring an additional 22,940 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on FSS. Zacks Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Wall Street Zen downgraded Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. DA Davidson lifted their target price on Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. KeyCorp reiterated an “overweight” rating and issued a $140.00 target price on shares of Federal Signal in a report on Thursday, April 30th. Finally, Citigroup began coverage on shares of Federal Signal in a research report on Monday, August 17th. They set a “buy” rating and a $150.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.50.
Insiders Place Their Bets
In other news, VP Diane Bonina sold 14,856 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $130.44, for a total transaction of $1,937,816.64. Following the sale, the vice president owned 15,689 shares in the company, valued at approximately $2,046,473.16. The trade was a 48.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.30% of the company’s stock.
Federal Signal Stock Performance
Shares of FSS stock opened at $119.88 on Tuesday. The business’s fifty day simple moving average is $122.24 and its 200-day simple moving average is $116.31. The company has a market cap of $7.32 billion, a PE ratio of 25.84, a PEG ratio of 1.67 and a beta of 1.24. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30. Federal Signal Corporation has a 12-month low of $101.18 and a 12-month high of $134.51.
Federal Signal (NYSE:FSS – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The conglomerate reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. Federal Signal had a return on equity of 21.36% and a net margin of 11.66%.The firm had revenue of $670.20 million during the quarter, compared to analysts’ expectations of $667.04 million. During the same quarter last year, the firm earned $1.17 EPS. The business’s quarterly revenue was up 18.7% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. Analysts expect that Federal Signal Corporation will post 5.23 earnings per share for the current fiscal year.
Federal Signal Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 14th. Federal Signal’s dividend payout ratio (DPR) is currently 12.93%.
About Federal Signal
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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