23,709 Shares in Federal Signal Corporation $FSS Acquired by Swedbank AB

Swedbank AB acquired a new stake in shares of Federal Signal Corporation (NYSE:FSS) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,709 shares of the conglomerate’s stock, valued at approximately $2,564,000.

A number of other large investors have also recently modified their holdings of FSS. Royal Bank of Canada lifted its position in shares of Federal Signal by 3.5% during the 1st quarter. Royal Bank of Canada now owns 93,618 shares of the conglomerate’s stock worth $6,886,000 after buying an additional 3,153 shares during the last quarter. AQR Capital Management LLC grew its position in Federal Signal by 10.9% in the first 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 stake in Federal Signal by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,822 shares of the conglomerate’s stock worth $2,635,000 after acquiring an additional 1,594 shares in the last quarter. NewEdge Advisors LLC raised its stake in Federal Signal by 15.9% during the first quarter. NewEdge Advisors LLC now owns 1,838 shares of the conglomerate’s stock worth $135,000 after acquiring an additional 252 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Federal Signal in the first quarter worth about $1,119,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Wall Street Zen upgraded Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. DA Davidson raised their price objective on Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, May 1st. KeyCorp reaffirmed an “overweight” rating and issued a $140.00 target price on shares of Federal Signal in a report on Thursday, April 30th. Finally, Zacks Research raised Federal Signal from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Federal Signal currently has a consensus rating of “Buy” and an average target price of $139.25.

Federal Signal Trading Down 1.6%

FSS traded down $1.88 during trading on Friday, reaching $115.01. 478,681 shares of the company’s stock were exchanged, compared to its average volume of 648,822. The company has a current ratio of 2.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. Federal Signal Corporation has a one year low of $101.18 and a one year high of $134.51. The firm has a fifty day moving average price of $116.58 and a two-hundred day moving average price of $114.35. The stock has a market capitalization of $7.02 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 1.67 and a beta of 1.23.

Federal Signal (NYSE:FSS) last released its quarterly earnings results 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 firm had revenue of $625.60 million during the quarter, compared to the consensus estimate of $579.87 million. Federal Signal had a net margin of 11.56% and a return on equity of 21.18%. The company’s revenue for the quarter was up 35.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 earnings per share. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. As a group, equities research analysts forecast that Federal Signal Corporation will post 4.94 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued 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 presently 13.64%.

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.