Louisiana State Employees Retirement System Invests $2.92 Million in Federal Signal Corporation $FSS

Louisiana State Employees Retirement System acquired a new stake in Federal Signal Corporation (NYSE:FSS) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 27,000 shares of the conglomerate’s stock, valued at approximately $2,920,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in Federal Signal by 140.6% during the second 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 last quarter. Palladiem LLC acquired a new position in Federal Signal in the fourth quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Federal Signal by 3,100.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock valued at $30,000 after buying an additional 248 shares in the last quarter. Covestor Ltd increased its holdings in shares of Federal Signal by 118.0% in the fourth quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock valued at $30,000 after buying an additional 151 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Federal Signal by 50.5% during the 4th quarter. UMB Bank n.a. now owns 331 shares of the conglomerate’s stock valued at $36,000 after acquiring an additional 111 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Performance

Shares of FSS opened at $125.61 on Monday. The company has a market capitalization of $7.66 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 1.81 and a beta of 1.26. Federal Signal Corporation has a one year low of $101.18 and a one year high of $132.89. 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 company’s fifty day moving average price is $114.44 and its 200 day moving average price is $113.33.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.29. The company 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%.Federal Signal’s revenue for the quarter was up 35.0% compared to the same quarter last year. During the same period 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. As a group, analysts expect that Federal Signal Corporation will post 4.94 earnings per share for the current year.

Federal Signal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $0.15 dividend. 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 currently 13.64%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FSS shares. Zacks Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Wall Street Zen raised shares of Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. KeyCorp reissued an “overweight” rating and set a $140.00 target price on shares of Federal Signal in a research note on Thursday, April 30th. Weiss Ratings raised Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Finally, DA Davidson lifted 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. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Federal Signal has a consensus rating of “Buy” and a consensus target price of $139.25.

Federal Signal 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.