United Capital Financial Advisors LLC bought a new position in shares of Federal Signal Corporation (NYSE:FSS – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm bought 36,549 shares of the conglomerate’s stock, valued at approximately $4,696,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FSS. BlackRock Inc. purchased a new position in Federal Signal in the 2nd quarter worth approximately $1,236,004,000. Wasatch Advisors LP purchased a new stake in Federal Signal during the 3rd quarter valued at approximately $174,476,000. Norges Bank bought a new stake in shares of Federal Signal during the fourth quarter valued at approximately $98,257,000. Bank of America Corp DE purchased a new position in shares of Federal Signal in the second quarter worth $78,503,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of Federal Signal in the first quarter worth $57,749,000. Institutional investors own 92.73% of the company’s stock.
Wall Street Analysts Forecast Growth
FSS has been the topic of a number of research reports. Citigroup started coverage on shares of Federal Signal in a report on Monday, August 17th. They issued a “buy” rating and a $150.00 price target on the stock. 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. Zacks Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Wall Street Zen lowered Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings upgraded Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.50.
Federal Signal Trading Down 1.7%
Shares of FSS opened at $118.37 on Friday. The stock has a market capitalization of $7.23 billion, a PE ratio of 25.51, a P/E/G ratio of 1.64 and a beta of 1.24. The company’s fifty day moving average is $122.57 and its 200 day moving average is $116.48. 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.
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, beating the consensus estimate of $1.29 by $0.13. Federal Signal had a net margin of 11.66% and a return on equity of 21.36%. The business had revenue of $670.20 million during the quarter, compared to analyst estimates of $667.04 million. During the same quarter last year, the business earned $1.17 earnings per share. 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. Sell-side 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 was paid on Thursday, August 27th. Investors of record on Friday, August 14th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is presently 12.93%.
Insider Buying and Selling
In related news, VP Diane Bonina sold 14,856 shares of Federal Signal stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $130.44, for a total value of $1,937,816.64. Following the completion of the transaction, the vice president owned 15,689 shares in the company, valued at approximately $2,046,473.16. This trade represents a 48.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.30% of the company’s stock.
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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