ProShare Advisors LLC Cuts Holdings in Federal Signal Corporation $FSS

ProShare Advisors LLC trimmed its holdings in shares of Federal Signal Corporation (NYSE:FSS) by 48.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,693 shares of the conglomerate’s stock after selling 10,975 shares during the period. ProShare Advisors LLC’s holdings in Federal Signal were worth $1,270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Archer Investment Corp raised its stake in shares of Federal Signal by 5.7% during the 3rd quarter. Archer Investment Corp now owns 1,842 shares of the conglomerate’s stock worth $219,000 after buying an additional 99 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Federal Signal by 10.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,100 shares of the conglomerate’s stock worth $117,000 after buying an additional 100 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Federal Signal by 9.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the conglomerate’s stock worth $130,000 after buying an additional 108 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Federal Signal by 140.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after buying an additional 142 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Federal Signal by 6.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,483 shares of the conglomerate’s stock worth $270,000 after buying an additional 160 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Price Performance

Shares of NYSE:FSS opened at $112.68 on Tuesday. The business’s fifty day moving average price is $112.76 and its two-hundred day moving average price is $112.88. The stock has a market cap of $6.87 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 1.63 and a beta of 1.32. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 2.84. Federal Signal Corporation has a one year low of $91.48 and a one year high of $132.89.

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. The firm 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%.Federal Signal’s quarterly revenue was up 35.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. On average, analysts forecast that Federal Signal Corporation will post 4.94 EPS for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, May 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is 13.64%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FSS shares. CJS Securities raised Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 target price for the company in a research note on Thursday, February 26th. DA Davidson raised 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. Zacks Research raised Federal Signal from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $140.00 price objective on shares of Federal Signal in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target 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.