Walleye Capital LLC Makes New Investment in Federal Signal Corporation $FSS

Walleye Capital LLC bought a new stake in shares of Federal Signal Corporation (NYSE:FSS) in the first quarter, Holdings Channel reports. The fund bought 13,152 shares of the conglomerate’s stock, valued at approximately $1,422,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its position in shares of Federal Signal by 140.6% in the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock valued at $26,000 after acquiring an additional 142 shares during the period. Palladiem LLC bought a new stake in Federal Signal during the 4th quarter worth approximately $27,000. Physician Wealth Advisors Inc. increased its holdings in Federal Signal by 57.2% during the 1st quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 91 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Federal Signal by 3,100.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 248 shares during the period. Finally, Covestor Ltd lifted its stake in Federal Signal by 118.0% in the 4th quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 151 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Federal Signal Stock Up 0.7%

FSS opened at $117.79 on Friday. The business’s fifty day simple moving average is $116.25 and its 200 day simple moving average is $114.70. Federal Signal Corporation has a 52 week low of $101.18 and a 52 week high of $134.51. 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 market cap of $7.19 billion, a PE ratio of 26.77, a P/E/G ratio of 1.69 and a beta of 1.23.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.29. The firm had revenue of $625.60 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter 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, research analysts expect that Federal Signal Corporation will post 4.94 earnings per share for the current fiscal year.

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.