Fifth Third Bancorp Purchases 104,068 Shares of Federal Signal Corporation $FSS

Fifth Third Bancorp boosted its holdings in shares of Federal Signal Corporation (NYSE:FSS) by 11,989.4% in the first quarter, HoldingsChannel reports. The fund owned 104,936 shares of the conglomerate’s stock after acquiring an additional 104,068 shares during the period. Fifth Third Bancorp’s holdings in Federal Signal were worth $11,348,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Federal Signal by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 6,840,396 shares of the conglomerate’s stock worth $742,799,000 after acquiring an additional 138,855 shares during the last quarter. Capital World Investors grew its position in Federal Signal by 4.4% during the 4th quarter. Capital World Investors now owns 2,362,294 shares of the conglomerate’s stock valued at $256,522,000 after purchasing an additional 100,000 shares during the last quarter. State Street Corp grew its position in Federal Signal by 0.4% during the 2nd quarter. State Street Corp now owns 2,266,523 shares of the conglomerate’s stock valued at $241,203,000 after purchasing an additional 7,982 shares during the last quarter. Invesco Ltd. increased its stake in Federal Signal by 10.2% during the 4th quarter. Invesco Ltd. now owns 2,168,788 shares of the conglomerate’s stock valued at $235,509,000 after purchasing an additional 201,440 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Federal Signal by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 1,725,757 shares of the conglomerate’s stock valued at $187,427,000 after purchasing an additional 18,587 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

Federal Signal Price Performance

FSS stock opened at $118.22 on Wednesday. The stock has a market cap of $7.21 billion, a PE ratio of 26.87, a P/E/G ratio of 1.69 and a beta of 1.23. Federal Signal Corporation has a 12 month low of $101.18 and a 12 month high of $134.51. The company has a 50-day moving average price of $116.39 and a 200 day moving average price of $114.41. 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 (NYSE:FSS) last posted its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $1.18 EPS for the quarter, topping the consensus estimate of $0.89 by $0.29. Federal Signal had a net margin of 11.56% and a return on equity of 21.18%. The company had revenue of $625.60 million for the quarter, compared to the consensus estimate of $579.87 million. During the same quarter last year, the firm posted $0.76 EPS. The firm’s 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 anticipate that Federal Signal Corporation will post 4.94 earnings per share for the current year.

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.15 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is 13.64%.

Analysts Set New Price Targets

FSS has been the topic of several analyst reports. Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. KeyCorp reiterated an “overweight” rating and issued a $140.00 price objective on shares of Federal Signal in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Zacks Research upgraded shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Finally, DA Davidson boosted their target price on shares of Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus 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.