Globeflex Capital L P Takes Position in Federal Signal Corporation $FSS

Globeflex Capital L P bought a new stake in Federal Signal Corporation (NYSE:FSS) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 11,378 shares of the conglomerate’s stock, valued at approximately $1,462,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. lifted its position in Federal Signal by 57.2% during the 1st 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. New Age Alpha Advisors LLC raised its stake in shares of Federal Signal by 3.4% in the fourth quarter. New Age Alpha Advisors LLC now owns 2,895 shares of the conglomerate’s stock worth $314,000 after purchasing an additional 95 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Federal Signal by 10.0% in the second quarter. Canada Pension Plan Investment Board now owns 1,100 shares of the conglomerate’s stock worth $117,000 after purchasing an additional 100 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Federal Signal by 9.5% during the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the conglomerate’s stock worth $130,000 after purchasing an additional 108 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of Federal Signal by 50.5% during the fourth quarter. UMB Bank n.a. now owns 331 shares of the conglomerate’s stock worth $36,000 after purchasing an additional 111 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FSS shares. DA Davidson increased their price target on shares of Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Zacks Research cut shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Weiss Ratings raised shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. KeyCorp reiterated an “overweight” rating and issued a $140.00 price objective on shares of Federal Signal in a research note on Thursday, April 30th. Finally, Wall Street Zen downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $140.50.

Insiders Place Their Bets

In related news, VP Diane Bonina sold 14,856 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.30% of the company’s stock.

Federal Signal Trading Down 2.1%

Federal Signal stock opened at $119.88 on Tuesday. The firm has a market cap of $7.32 billion, a PE ratio of 25.84, a P/E/G ratio of 1.67 and a beta of 1.24. Federal Signal Corporation has a 12 month low of $101.18 and a 12 month high of $134.51. The stock’s 50 day simple moving average is $122.24 and its two-hundred day simple moving average is $116.31. 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 (NYSE:FSS) last posted its earnings results on Thursday, July 30th. The conglomerate reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.13. Federal Signal had a net margin of 11.66% and a return on equity of 21.36%. The firm had revenue of $670.20 million during the quarter, compared to analyst estimates of $667.04 million. During the same period in the previous year, the firm earned $1.17 EPS. The business’s quarterly 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. Analysts anticipate 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 will be paid on Thursday, August 27th. Investors of record on Friday, August 14th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, August 14th. Federal Signal’s payout ratio is currently 12.93%.

About Federal Signal

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.