Van ECK Associates Corp Lowers Position in Federal Signal Corporation $FSS

Van ECK Associates Corp reduced its stake in Federal Signal Corporation (NYSE:FSS) by 7.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 79,392 shares of the conglomerate’s stock after selling 6,714 shares during the period. Van ECK Associates Corp’s holdings in Federal Signal were worth $10,201,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FSS. Royal Bank of Canada grew its position in shares of Federal Signal by 3.5% during the first quarter. Royal Bank of Canada now owns 93,618 shares of the conglomerate’s stock worth $6,886,000 after buying an additional 3,153 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Federal Signal by 10.9% during the 1st quarter. AQR Capital Management LLC now owns 35,702 shares of the conglomerate’s stock worth $2,626,000 after acquiring an additional 3,520 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Federal Signal by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,822 shares of the conglomerate’s stock worth $2,635,000 after acquiring an additional 1,594 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Federal Signal by 15.9% during the first quarter. NewEdge Advisors LLC now owns 1,838 shares of the conglomerate’s stock worth $135,000 after purchasing an additional 252 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in Federal Signal in the first quarter valued at approximately $1,119,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Insider Buying and Selling at Federal Signal

In other news, VP Diane Bonina sold 14,856 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $130.44, for a total value of $1,937,816.64. Following the completion of the sale, the vice president directly owned 15,689 shares of the company’s stock, valued at $2,046,473.16. This represents a 48.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on FSS shares. Weiss Ratings raised Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Zacks Research cut Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Wall Street Zen lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Citigroup initiated coverage on Federal Signal in a report on Monday, August 17th. They issued a “buy” rating and a $150.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.50.

Federal Signal Stock Down 2.9%

NYSE:FSS opened at $113.60 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.21 and a current ratio of 2.74. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.60 and a beta of 1.23. Federal Signal Corporation has a one year low of $101.18 and a one year high of $134.51. The stock has a 50-day simple moving average of $122.48 and a 200 day simple moving average of $116.42.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, July 30th. The conglomerate reported $1.42 EPS for the quarter, topping the consensus estimate of $1.29 by $0.13. The business had revenue of $670.20 million during the quarter, compared to analyst estimates of $667.04 million. Federal Signal had a net margin of 11.66% and a return on equity of 21.36%. The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 earnings per share. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. Sell-side analysts predict that Federal Signal Corporation will post 5.23 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Friday, August 14th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is currently 12.93%.

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.