168,708 Federal Signal Corporation $FSS Shares Purchased by Congress Asset Management Co.

Congress Asset Management Co. grew its holdings in Federal Signal Corporation (NYSE:FSS) by 23.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 894,846 shares of the conglomerate’s stock after purchasing an additional 168,708 shares during the quarter. Congress Asset Management Co.’s holdings in Federal Signal were worth $99,140,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FSS. BlackRock Inc. bought a new stake in shares of Federal Signal during the second quarter worth approximately $1,236,004,000. Bank of America Corp DE bought a new position in Federal Signal in the second quarter valued at approximately $78,503,000. Vaughan Nelson Investment Management L.P. acquired a new stake in Federal Signal during the 1st quarter worth $57,749,000. Bank of New York Mellon Corp acquired a new stake in Federal Signal during the 2nd quarter worth $53,055,000. Finally, Neumeier Poma Investment Counsel LLC bought a new stake in shares of Federal Signal during the 2nd quarter valued at $51,910,988. Institutional investors and hedge funds own 92.73% of the company’s stock.

Insider Transactions at Federal Signal

In other Federal Signal news, VP Diane Bonina sold 14,856 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were 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. The trade was a 48.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.30% of the company’s stock.

Federal Signal Stock Up 1.3%

NYSE:FSS traded up $1.56 during trading hours on Tuesday, reaching $118.00. 334,595 shares of the stock were exchanged, compared to its average volume of 470,639. The stock has a market cap of $7.20 billion, a PE ratio of 25.43, a PEG ratio of 1.59 and a beta of 1.23. Federal Signal Corporation has a twelve month low of $101.18 and a twelve month high of $134.51. The firm has a 50 day moving average of $119.26 and a 200 day moving average of $116.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.74 and a quick ratio of 1.21.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Thursday, July 30th. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.13. The company 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 firm’s revenue was up 18.7% compared to the same quarter last year. During the same period last year, the company earned $1.17 earnings per share. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. On average, equities analysts expect that Federal Signal Corporation will post 5.23 earnings per share for the current year.

Federal Signal Dividend Announcement

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

Analyst Upgrades and Downgrades

FSS has been the topic of several recent research reports. Citigroup initiated coverage on Federal Signal in a research report on Monday, August 17th. They issued a “buy” rating and a $150.00 price target on the stock. Weiss Ratings lowered Federal Signal from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, September 14th. Zacks Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Finally, Wall Street Zen lowered Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.50.

About Federal Signal

Federal Signal Corporation is a manufacturer of environmental and safety solutions serving municipalities, government agencies, industrial customers and commercial organizations. The company designs and produces equipment used to maintain infrastructure, manage environmental services and improve public and workplace safety.

Its Environmental Solutions Group offers street sweepers, sewer cleaners, vacuum trucks, hydro-excavation equipment and related products for street, sewer and infrastructure maintenance.