Royal Bank of Canada Sells 6,555 Shares of Federal Signal Corporation $FSS

Royal Bank of Canada cut its stake in shares of Federal Signal Corporation (NYSE:FSS) by 8.4% in the first quarter, Holdings Channel reports. The fund owned 71,117 shares of the conglomerate’s stock after selling 6,555 shares during the period. Royal Bank of Canada’s holdings in Federal Signal were worth $7,691,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of Federal Signal by 140.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 142 shares in the last quarter. Palladiem LLC acquired a new position in Federal Signal in the fourth quarter valued at about $27,000. Physician Wealth Advisors Inc. boosted its position in Federal Signal by 57.2% in the first quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate’s stock valued at $27,000 after buying an additional 91 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Federal Signal by 3,100.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock worth $30,000 after buying an additional 248 shares during the last quarter. Finally, Covestor Ltd grew its stake in Federal Signal by 118.0% during the fourth quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock worth $30,000 after buying an additional 151 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Trading Down 1.4%

FSS stock opened at $126.46 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.30. Federal Signal Corporation has a twelve month low of $101.18 and a twelve month high of $134.51. The company has a market cap of $7.72 billion, a P/E ratio of 27.25, a PEG ratio of 1.75 and a beta of 1.24. The business has a fifty day moving average of $119.21 and a 200-day moving average of $115.45.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, July 30th. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.13. The business 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%.The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.17 earnings per share. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. As a group, equities research analysts expect that Federal Signal Corporation will post 5.23 EPS 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 $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 14th. Federal Signal’s dividend payout ratio (DPR) is 12.93%.

Insider Activity

In other 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 completion of the sale, the vice president owned 15,689 shares in the company, valued at $2,046,473.16. The trade was a 48.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FSS shares. Wall Street Zen cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Zacks Research upgraded Federal Signal from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. KeyCorp reaffirmed an “overweight” rating and set a $140.00 price target on shares of Federal Signal in a report on Thursday, April 30th. DA Davidson lifted their price objective on Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Finally, Weiss Ratings raised Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $137.33.

Federal Signal 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.