The Manufacturers Life Insurance Company bought a new position in shares of Federal Signal Corporation (NYSE:FSS – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 396,221 shares of the conglomerate’s stock, valued at approximately $50,910,000. The Manufacturers Life Insurance Company owned approximately 0.65% of Federal Signal as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Federal Signal in the second quarter valued at approximately $1,236,004,000. Vanguard Group Inc. lifted its position in shares of Federal Signal by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 6,840,396 shares of the conglomerate’s stock worth $742,799,000 after buying an additional 138,855 shares during the last quarter. Capital World Investors boosted its holdings in shares of Federal Signal by 4.4% in the 4th quarter. Capital World Investors now owns 2,362,294 shares of the conglomerate’s stock valued at $256,522,000 after buying an additional 100,000 shares in the last quarter. State Street Corp boosted its holdings in shares of Federal Signal by 0.4% in the 2nd quarter. State Street Corp now owns 2,266,523 shares of the conglomerate’s stock valued at $241,203,000 after buying an additional 7,982 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Federal Signal by 10.2% in the 4th quarter. Invesco Ltd. now owns 2,168,788 shares of the conglomerate’s stock valued at $235,509,000 after buying an additional 201,440 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.
Insider Buying and Selling at Federal Signal
In related news, VP Diane Bonina sold 14,856 shares of the firm’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 transaction, the vice president owned 15,689 shares of the company’s stock, valued at $2,046,473.16. This trade represents a 48.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.30% of the company’s stock.
Federal Signal Stock Performance
Federal Signal (NYSE:FSS – Get Free Report) last issued its quarterly earnings results 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 net margin of 11.66% and a return on equity of 21.36%. The firm had revenue of $670.20 million during the quarter, compared to analysts’ expectations of $667.04 million. During the same quarter in the prior year, the business earned $1.17 EPS. Federal Signal’s quarterly revenue was up 18.7% compared to the same quarter last year. 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 firm also recently announced 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 is 12.93%.
Analysts Set New Price Targets
FSS has been the subject of a number of research reports. DA Davidson boosted their price target on shares of Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Wall Street Zen lowered Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Citigroup began coverage on Federal Signal in a research report on Monday, August 17th. They set a “buy” rating and a $150.00 target price on the stock. Weiss Ratings raised Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Finally, Zacks Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. One research 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. According to data from MarketBeat.com, Federal Signal presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.50.
Check Out Our Latest Stock Report on FSS
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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