Norges Bank Takes Position in Federal Signal Corporation $FSS

Norges Bank purchased a new stake in Federal Signal Corporation (NYSE:FSS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 904,842 shares of the conglomerate’s stock, valued at approximately $98,257,000. Norges Bank owned 1.49% of Federal Signal as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wasatch Advisors LP bought a new stake in shares of Federal Signal in the 3rd quarter valued at $174,476,000. Invesco Ltd. increased its position in shares of Federal Signal by 16.0% in the 3rd quarter. Invesco Ltd. now owns 1,967,348 shares of the conglomerate’s stock valued at $234,095,000 after buying an additional 271,878 shares in the last quarter. UBS Group AG increased its position in shares of Federal Signal by 77.0% in the 3rd quarter. UBS Group AG now owns 609,582 shares of the conglomerate’s stock valued at $72,534,000 after buying an additional 265,145 shares in the last quarter. Tudor Investment Corp ET AL increased its position in shares of Federal Signal by 200.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 265,308 shares of the conglomerate’s stock valued at $31,569,000 after buying an additional 176,870 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Federal Signal by 30,645.7% in the 3rd quarter. Bessemer Group Inc. now owns 154,036 shares of the conglomerate’s stock valued at $18,330,000 after buying an additional 153,535 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Price Performance

FSS stock opened at $106.55 on Friday. The stock has a 50-day moving average price of $113.11 and a two-hundred day moving average price of $112.78. The stock has a market cap of $6.50 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.26. The company has a current ratio of 2.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. Federal Signal Corporation has a 1 year low of $97.25 and a 1 year high of $132.89.

Federal Signal (NYSE:FSS) last released its earnings results on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. The firm had revenue of $625.60 million during 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%.The company’s revenue was up 35.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. Equities analysts forecast that Federal Signal Corporation will post 4.94 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, May 15th. Federal Signal’s dividend payout ratio is currently 13.64%.

Wall Street Analyst Weigh In

FSS has been the subject of a number of recent analyst reports. DA Davidson upped their price objective on shares of Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. CJS Securities upgraded shares of Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price objective for the company in a research report on Thursday, February 26th. Wall Street Zen upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research upgraded shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Federal Signal in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price 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.