Federal Signal Corporation $FSS Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP lowered its stake in Federal Signal Corporation (NYSE:FSS) by 11.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,506,488 shares of the conglomerate’s stock after selling 189,697 shares during the period. Wasatch Advisors LP’s holdings in Federal Signal were worth $162,912,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Louisiana State Employees Retirement System bought a new position in shares of Federal Signal during the first quarter worth about $2,920,000. Fifth Third Wealth Advisors LLC grew its stake in Federal Signal by 44.7% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,764 shares of the conglomerate’s stock worth $299,000 after purchasing an additional 854 shares in the last quarter. OP Asset Management Ltd acquired a new position in Federal Signal in the first quarter worth about $1,966,000. Vaughan Nelson Investment Management L.P. bought a new stake in Federal Signal in the first quarter valued at about $57,749,000. Finally, Diversified Trust Co increased its holdings in Federal Signal by 12.1% in the first quarter. Diversified Trust Co now owns 10,883 shares of the conglomerate’s stock valued at $1,177,000 after buying an additional 1,177 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Ratings Changes

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

Federal Signal Price Performance

Shares of NYSE:FSS opened at $125.61 on Friday. The firm’s 50 day moving average is $114.44 and its two-hundred day moving average is $113.30. Federal Signal Corporation has a 52 week low of $101.18 and a 52 week high of $132.89. The firm has a market capitalization of $7.66 billion, a P/E ratio of 28.55, a PEG ratio of 1.84 and a beta of 1.26. 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 (NYSE:FSS) last released its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.29. Federal Signal had a return on equity of 21.18% and a net margin of 11.56%.The company had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $579.87 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 35.0% compared to the same quarter last year. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. Analysts anticipate that Federal Signal Corporation will post 4.94 earnings per share for the current year.

Federal Signal Announces Dividend

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

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.