Grandeur Peak Global Advisors LLC Buys New Position in Federal Signal Corporation $FSS

Grandeur Peak Global Advisors LLC bought a new stake in shares of Federal Signal Corporation (NYSE:FSS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 43,766 shares of the conglomerate’s stock, valued at approximately $5,623,000. Federal Signal makes up 1.1% of Grandeur Peak Global Advisors LLC’s holdings, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FSS. EverSource Wealth Advisors LLC lifted its stake in shares of Federal Signal by 140.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after acquiring an additional 142 shares during the period. Palladiem LLC acquired a new position in shares of Federal Signal during the fourth quarter valued at approximately $27,000. Physician Wealth Advisors Inc. increased its stake in shares of Federal Signal by 57.2% during the first quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 91 shares during the period. Allworth Financial LP bought a new stake in Federal Signal during the second quarter worth approximately $33,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings 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 purchasing an additional 248 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FSS has been the subject of a number of research reports. Citigroup began coverage on Federal Signal in a research note on Monday, August 17th. They set a “buy” rating and a $150.00 price target for the company. Wall Street Zen downgraded Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings upgraded Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. DA Davidson raised their target price on Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Zacks Research cut Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Federal Signal presently has an average rating of “Moderate Buy” and an average target price of $140.50.

Insiders Place Their Bets

In other Federal Signal news, VP Diane Bonina sold 14,856 shares of the company’s stock in a transaction dated 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 directly owned 15,689 shares in the company, valued at $2,046,473.16. This represents a 48.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is currently owned by corporate insiders.

Federal Signal Stock Down 1.2%

NYSE FSS opened at $120.08 on Friday. Federal Signal Corporation has a 12 month low of $101.18 and a 12 month high of $134.51. The company has a market capitalization of $7.33 billion, a P/E ratio of 25.88, a PEG ratio of 1.66 and a beta of 1.24. The company’s 50 day simple moving average is $122.58 and its 200 day simple moving average is $116.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.74 and a quick ratio of 1.21.

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 company 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 revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 earnings per share. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. Equities research analysts expect that Federal Signal Corporation will post 5.23 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Friday, August 14th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. Federal Signal’s payout ratio is currently 12.93%.

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.