GW&K Investment Management LLC Decreases Stake in Federal Signal Corporation $FSS

GW&K Investment Management LLC lowered its position in Federal Signal Corporation (NYSE:FSS) by 4.8% during the fourth quarter, HoldingsChannel reports. The firm owned 564,662 shares of the conglomerate’s stock after selling 28,295 shares during the period. GW&K Investment Management LLC’s holdings in Federal Signal were worth $61,317,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FSS. Wasatch Advisors LP purchased a new position in Federal Signal in the 3rd quarter valued at $174,476,000. Norges Bank purchased a new position in Federal Signal in the 4th quarter valued at $98,257,000. Invesco Ltd. lifted its holdings in Federal Signal by 16.0% in the 3rd quarter. Invesco Ltd. now owns 1,967,348 shares of the conglomerate’s stock valued at $234,095,000 after purchasing an additional 271,878 shares in the last quarter. UBS Group AG lifted its holdings in Federal Signal by 77.0% in the 3rd quarter. UBS Group AG now owns 609,582 shares of the conglomerate’s stock valued at $72,534,000 after purchasing an additional 265,145 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its stake in shares of Federal Signal by 200.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 265,308 shares of the conglomerate’s stock worth $31,569,000 after acquiring an additional 176,870 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Analysts Set New Price Targets

FSS has been the subject of a number of recent research reports. Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research raised Federal Signal from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Weiss Ratings downgraded Federal Signal from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. KeyCorp reaffirmed an “overweight” rating and issued a $140.00 target price on shares of Federal Signal in a research note on Thursday, April 30th. Finally, DA Davidson raised their target price on Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Federal Signal has an average rating of “Buy” and a consensus price target of $139.25.

Federal Signal Stock Performance

Shares of FSS opened at $110.00 on Wednesday. The stock has a 50-day simple moving average of $113.14 and a 200-day simple moving average of $112.84. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 2.84. The stock has a market capitalization of $6.71 billion, a PE ratio of 25.00, a PEG ratio of 1.54 and a beta of 1.26. Federal Signal Corporation has a 1 year low of $97.25 and a 1 year high of $132.89.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.29. The business had revenue of $625.60 million during the quarter, compared to analysts’ expectations of $579.87 million. Federal Signal had a return on equity of 21.18% and a net margin of 11.56%.The business’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. On average, analysts predict that Federal Signal Corporation will post 4.94 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.60 annualized dividend and a yield of 0.5%. Federal Signal’s payout ratio is 13.64%.

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.