Commerce Bank bought a new stake in Federal Signal Corporation (NYSE:FSS – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,344 shares of the conglomerate’s stock, valued at approximately $944,000.
Several other hedge funds also recently modified their holdings of the company. Royal Bank of Canada boosted its position in Federal Signal by 3.5% during the first quarter. Royal Bank of Canada now owns 93,618 shares of the conglomerate’s stock worth $6,886,000 after acquiring an additional 3,153 shares during the last quarter. AQR Capital Management LLC raised its holdings in Federal Signal by 10.9% in the 1st quarter. AQR Capital Management LLC now owns 35,702 shares of the conglomerate’s stock valued at $2,626,000 after acquiring an additional 3,520 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Federal Signal by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,822 shares of the conglomerate’s stock valued at $2,635,000 after acquiring an additional 1,594 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Federal Signal by 15.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,838 shares of the conglomerate’s stock valued at $135,000 after acquiring an additional 252 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Federal Signal during the 1st quarter worth $1,119,000. 92.73% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Federal Signal news, VP Diane Bonina sold 14,856 shares of Federal Signal stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $130.44, for a total transaction of $1,937,816.64. Following the transaction, the vice president directly owned 15,689 shares of the company’s stock, valued at $2,046,473.16. The trade was a 48.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.30% of the company’s stock.
Federal Signal Stock Performance
Federal Signal (NYSE:FSS – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The conglomerate reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. The company had revenue of $670.20 million for the quarter, compared to the consensus estimate of $667.04 million. Federal Signal had a return on equity of 21.36% and a net margin of 11.66%.The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period last year, the business posted $1.17 EPS. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. As a group, research analysts forecast that Federal Signal Corporation will post 5.23 earnings per share for the current year.
Federal Signal Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Friday, August 14th will be issued a $0.15 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.60 annualized dividend and a yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is presently 12.93%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on FSS shares. Zacks Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. KeyCorp reiterated an “overweight” rating and set a $140.00 target price on shares of Federal Signal in a research report on Thursday, April 30th. DA Davidson raised their price target on Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Weiss Ratings upgraded Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Finally, Wall Street Zen downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.50.
View Our Latest Report on Federal Signal
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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