Illinois Municipal Retirement Fund Increases Holdings in Federal Signal Corporation $FSS

Illinois Municipal Retirement Fund grew its holdings in Federal Signal Corporation (NYSE:FSS) by 9.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 51,282 shares of the conglomerate’s stock after acquiring an additional 4,340 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.08% of Federal Signal worth $5,546,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wasatch Advisors LP acquired a new stake in Federal Signal during the third quarter worth approximately $174,476,000. Norges Bank acquired a new position in shares of Federal Signal in the 4th quarter valued at $98,257,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Federal Signal in the 1st quarter valued at $57,749,000. Invesco Ltd. grew 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 during the last quarter. Finally, UBS Group AG grew 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 during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Stock Performance

NYSE FSS opened at $116.90 on Friday. 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 $101.18 and a 52-week high of $134.51. The business’s 50-day moving average price is $116.20 and its 200 day moving average price is $114.49. The firm has a market cap of $7.13 billion, a P/E ratio of 26.57, a P/E/G ratio of 1.73 and a beta of 1.23.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data 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 the consensus estimate of $579.87 million. During the same period in the prior year, the business earned $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. On average, equities research analysts expect that Federal Signal Corporation will post 4.94 earnings per share for the current year.

Federal Signal Announces Dividend

The business also recently declared 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 Ratings Changes

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