Bessemer Group Inc. Purchases 141,495 Shares of Federal Signal Corporation $FSS

Bessemer Group Inc. boosted its position in shares of Federal Signal Corporation (NYSE:FSS) by 91.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 295,531 shares of the conglomerate’s stock after acquiring an additional 141,495 shares during the quarter. Bessemer Group Inc.’s holdings in Federal Signal were worth $32,092,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FSS. Archer Investment Corp boosted its stake in Federal Signal by 5.7% during the third quarter. Archer Investment Corp now owns 1,842 shares of the conglomerate’s stock worth $219,000 after buying an additional 99 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Federal Signal by 10.0% during the second quarter. Canada Pension Plan Investment Board now owns 1,100 shares of the conglomerate’s stock worth $117,000 after purchasing an additional 100 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Federal Signal by 9.5% during the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the conglomerate’s stock worth $130,000 after purchasing an additional 108 shares during the last quarter. Amalgamated Bank lifted its position in shares of Federal Signal by 0.8% during the third quarter. Amalgamated Bank now owns 17,478 shares of the conglomerate’s stock worth $2,080,000 after purchasing an additional 136 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Federal Signal by 140.6% during the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 142 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on FSS. KeyCorp reiterated an “overweight” rating and set a $140.00 target price on shares of Federal Signal in a research report on Thursday, April 30th. Wall Street Zen upgraded Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. DA Davidson lifted their target price on Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Zacks Research upgraded Federal Signal from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Finally, CJS Securities upgraded Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 target price for the company in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $139.25.

Federal Signal Stock Performance

FSS stock opened at $111.20 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.84 and a quick ratio of 1.29. The business has a 50-day moving average price of $112.39 and a 200 day moving average price of $113.29. The company has a market capitalization of $6.78 billion, a P/E ratio of 25.27, a PEG ratio of 1.61 and a beta of 1.32. Federal Signal Corporation has a 1-year low of $91.48 and a 1-year high of $132.89.

Federal Signal (NYSE:FSS) last announced its earnings results on Wednesday, April 29th. The conglomerate reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. The business 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 firm’s revenue was up 35.0% on a year-over-year basis. During the same period in the previous year, the company posted $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 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, May 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. Federal Signal’s payout ratio is presently 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.