Legal & General Group Plc Has $17.16 Million Stake in Federal Signal Corporation $FSS

Legal & General Group Plc decreased its holdings in Federal Signal Corporation (NYSE:FSS) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 157,984 shares of the conglomerate’s stock after selling 8,487 shares during the period. Legal & General Group Plc owned about 0.26% of Federal Signal worth $17,155,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in FSS. EverSource Wealth Advisors LLC increased its holdings 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 valued at $26,000 after purchasing an additional 142 shares during the period. Covestor Ltd increased its holdings in shares of Federal Signal by 118.0% in the 4th quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 151 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Federal Signal by 3,100.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 248 shares during the period. Danske Bank A S acquired a new position in shares of Federal Signal in the 3rd quarter valued at about $48,000. Finally, Globeflex Capital L P increased its holdings in shares of Federal Signal by 8,618.2% in the 2nd quarter. Globeflex Capital L P now owns 959 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 948 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

FSS has been the subject of several 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. KeyCorp reissued an “overweight” rating and issued a $140.00 price target on shares of Federal Signal in a research note on Thursday, April 30th. Zacks Research raised Federal Signal from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. CJS Securities raised Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price target for the company in a research note on Thursday, February 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Federal Signal in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $139.25.

Federal Signal Stock Down 1.1%

Shares of Federal Signal stock opened at $105.53 on Tuesday. The stock has a market capitalization of $6.44 billion, a P/E ratio of 23.98, a PEG ratio of 1.54 and a beta of 1.26. The company has a quick ratio of 1.29, a current ratio of 2.84 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average price of $113.29 and a two-hundred day moving average price of $112.89. Federal Signal Corporation has a 12-month low of $92.55 and a 12-month high of $132.89.

Federal Signal (NYSE:FSS) last announced its earnings results on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. The firm 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 company’s revenue was up 35.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. Equities analysts expect that Federal Signal Corporation will post 4.94 earnings per share for the current year.

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, May 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.6%. Federal Signal’s payout ratio is 13.64%.

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.