Citigroup Inc. Sells 28,910 Shares of Federal Signal Corporation $FSS

Citigroup Inc. decreased its holdings in shares of Federal Signal Corporation (NYSE:FSS) by 46.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 33,209 shares of the conglomerate’s stock after selling 28,910 shares during the period. Citigroup Inc.’s holdings in Federal Signal were worth $3,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Allianz Asset Management GmbH bought a new position in shares of Federal Signal in the third quarter valued at about $108,884,000. Norges Bank acquired a new position in Federal Signal in the 2nd quarter valued at about $79,165,000. First Trust Advisors LP raised its holdings in Federal Signal by 49.6% in the 2nd quarter. First Trust Advisors LP now owns 1,501,431 shares of the conglomerate’s stock valued at $159,782,000 after acquiring an additional 497,652 shares during the period. Greenvale Capital LLP acquired a new stake in Federal Signal during the second quarter worth approximately $25,491,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Federal Signal during the third quarter worth approximately $23,037,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FSS has been the subject of a number of recent research reports. Wall Street Zen cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. CJS Securities raised Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 target price on the stock in a report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Federal Signal in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.75.

Federal Signal Trading Down 1.1%

Shares of FSS opened at $116.94 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.35 and a current ratio of 3.02. Federal Signal Corporation has a 52-week low of $66.47 and a 52-week high of $132.89. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 1.80 and a beta of 1.32. The business’s fifty day moving average is $114.87 and its 200-day moving average is $117.00.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Wednesday, February 25th. The conglomerate reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.08. Federal Signal had a return on equity of 20.14% and a net margin of 11.31%.The business had revenue of $597.10 million during the quarter, compared to the consensus estimate of $551.36 million. During the same period in the prior year, the company earned $0.87 EPS. Federal Signal’s revenue for the quarter was up 26.5% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 4.500-4.800 EPS. Equities analysts anticipate that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Friday, March 13th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, March 13th. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Federal Signal’s previous quarterly dividend of $0.14. Federal Signal’s dividend payout ratio is currently 13.97%.

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.