Goldman Sachs Group Inc. Grows Position in Federal Signal Corporation $FSS

Goldman Sachs Group Inc. boosted its stake in shares of Federal Signal Corporation (NYSE:FSS) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 808,277 shares of the conglomerate’s stock after purchasing an additional 47,846 shares during the period. Goldman Sachs Group Inc. owned about 1.33% of Federal Signal worth $87,771,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FSS. Wasatch Advisors LP bought a new position in Federal Signal in the 3rd quarter worth $174,476,000. Norges Bank bought a new position in Federal Signal in the 4th quarter worth $98,257,000. Invesco Ltd. boosted its holdings in Federal Signal by 16.0% in the 3rd quarter. Invesco Ltd. now owns 1,967,348 shares of the conglomerate’s stock worth $234,095,000 after buying an additional 271,878 shares during the period. UBS Group AG boosted its holdings in Federal Signal by 77.0% in the 3rd quarter. UBS Group AG now owns 609,582 shares of the conglomerate’s stock worth $72,534,000 after buying an additional 265,145 shares during the period. Finally, Tudor Investment Corp ET AL boosted its holdings in Federal Signal by 200.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 265,308 shares of the conglomerate’s stock worth $31,569,000 after buying an additional 176,870 shares during the period. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on FSS. DA Davidson upped their target price on shares of Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. 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 target price on shares of Federal Signal in a report on Thursday, April 30th. Weiss Ratings downgraded shares of Federal Signal from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Finally, CJS Securities raised shares of Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 target price for the company in a report on Thursday, February 26th. One 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 company. 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 Up 2.9%

FSS opened at $110.00 on Wednesday. The firm has a 50-day simple moving average of $113.14 and a two-hundred day simple moving average of $112.84. Federal Signal Corporation has a 52 week low of $97.25 and a 52 week high of $132.89. The company has a market capitalization of $6.71 billion, a PE ratio of 25.00, a price-to-earnings-growth 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.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $1.18 EPS for the quarter, beating the consensus estimate of $0.89 by $0.29. Federal Signal had a net margin of 11.56% and a return on equity of 21.18%. The business had revenue of $625.60 million during the quarter, compared to the consensus estimate of $579.87 million. During the same quarter in the prior year, the firm earned $0.76 EPS. The business’s revenue was up 35.0% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. Analysts forecast that Federal Signal Corporation will post 4.94 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 15th. Federal Signal’s dividend 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.