138,565 Shares in Federal Signal Corporation $FSS Purchased by Legal & General Group Plc

Legal & General Group Plc bought a new stake in shares of Federal Signal Corporation (NYSE:FSS) during the second quarter, HoldingsChannel.com reports. The fund bought 138,565 shares of the conglomerate’s stock, valued at approximately $17,804,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. bought a new position in Federal Signal in the 2nd quarter valued at $1,236,004,000. Vanguard Group Inc. lifted its position in shares of Federal Signal by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 6,840,396 shares of the conglomerate’s stock worth $742,799,000 after purchasing an additional 138,855 shares during the last quarter. Capital World Investors boosted its stake in shares of Federal Signal by 4.4% during the fourth quarter. Capital World Investors now owns 2,362,294 shares of the conglomerate’s stock valued at $256,522,000 after purchasing an additional 100,000 shares during the period. State Street Corp grew its stake in Federal Signal by 0.4% in the 2nd quarter. State Street Corp now owns 2,266,523 shares of the conglomerate’s stock worth $241,203,000 after acquiring an additional 7,982 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in 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 purchasing an additional 201,440 shares during the period. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FSS. Weiss Ratings upgraded Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Citigroup initiated coverage on shares of Federal Signal in a research report on Monday, August 17th. They set a “buy” rating and a $150.00 target price on the stock. Zacks Research lowered shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen cut 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 given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $140.50.

Insider Activity at Federal Signal

In related news, VP Diane Bonina sold 14,856 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $130.44, for a total transaction of $1,937,816.64. Following the sale, the vice president directly owned 15,689 shares of the company’s stock, valued at $2,046,473.16. This trade represents a 48.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.30% of the stock is owned by insiders.

Federal Signal Stock Performance

FSS opened at $118.37 on Monday. 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 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $7.23 billion, a PE ratio of 25.51, a P/E/G ratio of 1.61 and a beta of 1.24. The firm has a 50 day moving average of $122.57 and a two-hundred day moving average of $116.47.

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

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Friday, August 14th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 14th. Federal Signal’s dividend payout ratio (DPR) is currently 12.93%.

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.