Ranger Investment Management L.P. Takes Position in Federal Signal Corporation $FSS

Ranger Investment Management L.P. purchased a new stake in shares of Federal Signal Corporation (NYSE:FSS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 179,428 shares of the conglomerate’s stock, valued at approximately $23,055,000. Federal Signal comprises approximately 1.5% of Ranger Investment Management L.P.’s portfolio, making the stock its 25th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in Federal Signal during the second quarter worth about $444,000. Neumeier Poma Investment Counsel LLC purchased a new stake in shares of Federal Signal in the 2nd quarter valued at approximately $51,910,988,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Federal Signal in the 2nd quarter valued at approximately $6,763,000. Globeflex Capital L P acquired a new stake in shares of Federal Signal during the 2nd quarter worth approximately $1,462,000. Finally, Compass Financial Management LLC acquired a new stake in shares of Federal Signal during the 2nd quarter worth approximately $51,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on FSS. Weiss Ratings raised shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Citigroup began coverage on Federal Signal in a research note on Monday, August 17th. They set a “buy” rating and a $150.00 target price for the company. DA Davidson upped their price target on Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. KeyCorp reissued an “overweight” rating and set a $140.00 price objective on shares of Federal Signal in a research report on Thursday, April 30th. Finally, Wall Street Zen lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $140.50.

Insider Activity

In other news, VP Diane Bonina sold 14,856 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $130.44, for a total value of $1,937,816.64. Following the completion of the transaction, the vice president owned 15,689 shares of the company’s stock, valued at approximately $2,046,473.16. This trade represents a 48.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Federal Signal Trading Down 0.1%

Shares of NYSE FSS opened at $122.35 on Monday. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $7.47 billion, a PE ratio of 26.37, a PEG ratio of 1.67 and a beta of 1.24. Federal Signal Corporation has a twelve month low of $101.18 and a twelve month high of $134.51. The stock has a fifty day simple moving average of $122.07 and a 200-day simple moving average of $116.24.

Federal Signal (NYSE:FSS) last posted its earnings results on Thursday, July 30th. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.13. Federal Signal had a return on equity of 21.36% and a net margin of 11.66%.The firm had revenue of $670.20 million for the quarter, compared to analyst estimates of $667.04 million. During the same quarter in the prior year, the company earned $1.17 EPS. Federal Signal’s revenue was up 18.7% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. On average, equities analysts forecast that Federal Signal Corporation will post 5.23 earnings per share for the current year.

Federal Signal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Friday, August 14th will be given 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 is Friday, August 14th. Federal Signal’s dividend payout ratio is currently 12.93%.

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.