Wasatch Advisors LP Decreases Stock Holdings in Federal Signal Corporation $FSS

Wasatch Advisors LP lowered its holdings in Federal Signal Corporation (NYSE:FSS) by 11.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,506,488 shares of the conglomerate’s stock after selling 189,697 shares during the period. Wasatch Advisors LP owned approximately 2.47% of Federal Signal worth $162,912,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FSS. Louisiana State Employees Retirement System purchased a new stake in Federal Signal during the 1st quarter worth $2,920,000. Fifth Third Wealth Advisors LLC raised its position in Federal Signal by 44.7% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,764 shares of the conglomerate’s stock valued at $299,000 after purchasing an additional 854 shares during the period. OP Asset Management Ltd purchased a new position in Federal Signal in the first quarter valued at about $1,966,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Federal Signal during the first quarter worth about $57,749,000. Finally, Diversified Trust Co lifted its stake in shares of Federal Signal by 12.1% during the first quarter. Diversified Trust Co now owns 10,883 shares of the conglomerate’s stock worth $1,177,000 after purchasing an additional 1,177 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Down 1.1%

Shares of NYSE FSS opened at $125.61 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 2.84. Federal Signal Corporation has a 1 year low of $101.18 and a 1 year high of $132.89. The stock’s 50-day simple moving average is $114.44 and its 200-day simple moving average is $113.30. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 1.84 and a beta of 1.26.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $1.18 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $579.87 million. During the same quarter in the prior year, the business posted $0.76 earnings per share. Federal Signal’s revenue for the quarter was up 35.0% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. As a group, equities analysts anticipate that Federal Signal Corporation will post 4.94 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, May 15th. Federal Signal’s dividend payout ratio is 13.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on FSS shares. KeyCorp reiterated an “overweight” rating and issued a $140.00 target price on shares of Federal Signal in a research note on Thursday, April 30th. Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. 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. Weiss Ratings upgraded Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Finally, Zacks Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $139.25.

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.