Illinois Municipal Retirement Fund Raises Position in Federal Signal Corporation $FSS

Illinois Municipal Retirement Fund lifted its position in shares of Federal Signal Corporation (NYSE:FSS) by 9.2% during the first quarter, HoldingsChannel reports. The fund owned 51,282 shares of the conglomerate’s stock after acquiring an additional 4,340 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Federal Signal were worth $5,546,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in FSS. Vanguard Group Inc. lifted its position in Federal Signal by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 6,840,396 shares of the conglomerate’s stock valued at $742,799,000 after purchasing an additional 138,855 shares during the period. Capital World Investors increased its position in Federal Signal by 4.4% during the 4th quarter. Capital World Investors now owns 2,362,294 shares of the conglomerate’s stock worth $256,522,000 after purchasing an additional 100,000 shares during the period. State Street Corp raised its stake in shares of Federal Signal by 0.4% during the 2nd quarter. State Street Corp now owns 2,266,523 shares of the conglomerate’s stock worth $241,203,000 after buying an additional 7,982 shares in the last quarter. Invesco Ltd. raised its stake in shares of Federal Signal by 10.2% during the 4th quarter. Invesco Ltd. now owns 2,168,788 shares of the conglomerate’s stock worth $235,509,000 after buying an additional 201,440 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Federal Signal by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,725,757 shares of the conglomerate’s stock valued at $187,427,000 after buying an additional 18,587 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Federal Signal Price Performance

FSS stock opened at $116.90 on Friday. The firm has a 50 day moving average of $116.20 and a 200-day moving average of $114.49. Federal Signal Corporation has a 12-month low of $101.18 and a 12-month high of $134.51. 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 26.57, a PEG ratio of 1.73 and a beta of 1.23.

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, topping analysts’ consensus estimates of $0.89 by $0.29. The business had revenue of $625.60 million for 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%.The company’s revenue was up 35.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. As a group, equities analysts expect that Federal Signal Corporation will post 4.94 EPS for the current fiscal year.

Federal Signal Dividend Announcement

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