The Manufacturers Life Insurance Company Invests $50.91 Million in Federal Signal Corporation $FSS

The Manufacturers Life Insurance Company purchased a new position in shares of Federal Signal Corporation (NYSE:FSS) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 396,221 shares of the conglomerate’s stock, valued at approximately $50,910,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FSS. EverSource Wealth Advisors LLC lifted its stake in shares of Federal Signal by 140.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after acquiring an additional 142 shares during the period. Palladiem LLC acquired a new position in shares of Federal Signal during the fourth quarter worth about $27,000. Physician Wealth Advisors Inc. increased its stake in shares of Federal Signal by 57.2% during the first quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 91 shares during the period. Allworth Financial LP purchased a new position in Federal Signal during the second quarter worth about $33,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Federal Signal by 3,100.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 248 shares in the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Federal Signal news, VP Diane Bonina sold 14,856 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $130.44, for a total value of $1,937,816.64. Following the sale, the vice president owned 15,689 shares of the company’s stock, valued at approximately $2,046,473.16. This represents a 48.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.30% of the company’s stock.

Federal Signal Price Performance

FSS stock opened at $121.13 on Thursday. The firm has a 50 day moving average of $122.55 and a 200-day moving average of $116.44. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 1.65 and a beta of 1.24. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30. Federal Signal Corporation has a 12-month low of $101.18 and a 12-month high of $134.51.

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

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, August 14th. Federal Signal’s payout ratio is presently 12.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. 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. Weiss Ratings raised Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. 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. Finally, DA Davidson upped their price objective on Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $140.50.

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.