Strs Ohio Cuts Holdings in Federal Signal Corporation $FSS

Strs Ohio decreased its holdings in Federal Signal Corporation (NYSE:FSS) by 54.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,700 shares of the conglomerate’s stock after selling 6,900 shares during the period. Strs Ohio’s holdings in Federal Signal were worth $616,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 in the last quarter. Palladiem LLC bought a new stake in Federal Signal in the 4th quarter worth about $27,000. Physician Wealth Advisors Inc. raised its position in Federal Signal by 57.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate’s stock worth $27,000 after buying an additional 91 shares during the last quarter. Covestor Ltd raised its position 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 buying an additional 151 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in 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 worth $30,000 after buying an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Performance

FSS opened at $116.85 on Friday. The company’s 50 day moving average is $116.71 and its 200 day moving average is $114.34. The company has a current ratio of 2.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 1.72 and a beta of 1.23. Federal Signal Corporation has a 12-month low of $101.18 and a 12-month high of $134.51.

Federal Signal (NYSE:FSS) last announced its earnings results on Wednesday, April 29th. The conglomerate reported $1.18 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $579.87 million. During the same period in the prior year, the company earned $0.76 earnings per share. The firm’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. On average, equities research analysts predict that Federal Signal Corporation will post 4.94 EPS for the current year.

Federal Signal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, May 15th. Federal Signal’s dividend payout ratio is 13.64%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FSS. KeyCorp reaffirmed an “overweight” rating and set a $140.00 price target on shares of Federal Signal in a report on Thursday, April 30th. DA Davidson boosted their price objective on shares of Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Wall Street Zen upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Finally, Zacks Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. One equities 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 company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $139.25.

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.