Truist Financial Corp Cuts Holdings in Federal Signal Corporation $FSS

Truist Financial Corp cut its holdings in Federal Signal Corporation (NYSE:FSS) by 62.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,456 shares of the conglomerate’s stock after selling 27,927 shares during the quarter. Truist Financial Corp’s holdings in Federal Signal were worth $1,787,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FSS. Vanguard Group Inc. boosted its position in shares of Federal Signal by 2.1% during the 4th 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 in the last quarter. State Street Corp boosted its holdings in Federal Signal by 0.4% during the second quarter. State Street Corp now owns 2,266,523 shares of the conglomerate’s stock worth $241,203,000 after buying an additional 7,982 shares in the last quarter. Invesco Ltd. grew its position in Federal Signal by 16.0% during the third quarter. Invesco Ltd. now owns 1,967,348 shares of the conglomerate’s stock worth $234,095,000 after buying an additional 271,878 shares during the period. Wasatch Advisors LP purchased a new position in Federal Signal in the third quarter valued at about $174,476,000. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Federal Signal during the 3rd quarter valued at approximately $108,884,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Price Performance

FSS stock opened at $114.70 on Friday. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32. The company has a quick ratio of 1.29, a current ratio of 2.84 and a debt-to-equity ratio of 0.38. Federal Signal Corporation has a 52-week low of $91.48 and a 52-week high of $132.89. The stock’s fifty day simple moving average is $112.51 and its 200-day simple moving average is $113.31.

Federal Signal (NYSE:FSS) last released its earnings results on Wednesday, April 29th. The conglomerate reported $1.18 EPS for the quarter, beating the consensus estimate of $0.89 by $0.29. Federal Signal had a return on equity of 21.18% and a net margin of 11.56%.The firm had revenue of $625.60 million during the quarter, compared to analyst estimates of $579.87 million. During the same period in the prior year, the firm posted $0.76 earnings per share. The business’s quarterly revenue was up 35.0% compared to the same quarter last year. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. Equities research analysts expect that Federal Signal Corporation will post 4.94 EPS for the current year.

Federal Signal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, May 15th. Federal Signal’s dividend payout ratio is presently 13.64%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FSS. DA Davidson upped their price target on Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Zacks Research upgraded Federal Signal from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. CJS Securities upgraded shares of Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price objective on the stock in a research report on Thursday, February 26th. KeyCorp restated an “overweight” rating and set a $140.00 target price on shares of Federal Signal in a report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target 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.