Federal Signal Corporation $FSS Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of Federal Signal Corporation (NYSE:FSS) by 47.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 88,210 shares of the conglomerate’s stock after acquiring an additional 28,299 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Federal Signal were worth $9,579,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FSS. Tudor Investment Corp ET AL boosted its holdings in Federal Signal by 200.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 265,308 shares of the conglomerate’s stock worth $31,569,000 after acquiring an additional 176,870 shares during the period. Nordea Investment Management AB purchased a new stake in shares of Federal Signal during the fourth quarter valued at approximately $8,590,000. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Federal Signal by 76.7% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 247,531 shares of the conglomerate’s stock worth $26,879,000 after purchasing an additional 107,474 shares in the last quarter. Congress Asset Management Co. lifted its position in shares of Federal Signal by 7.5% during the fourth quarter. Congress Asset Management Co. now owns 551,556 shares of the conglomerate’s stock worth $59,893,000 after purchasing an additional 38,660 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Federal Signal in the third quarter valued at $3,745,000. 92.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FSS has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. KeyCorp upgraded shares of Federal Signal from a “sector weight” rating to an “overweight” rating and set a $130.00 price objective on the stock in a report on Tuesday, March 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Federal Signal in a research note on Monday, December 29th. Finally, 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 research report on Thursday, February 26th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Federal Signal presently has an average rating of “Moderate Buy” and an average target price of $131.75.

Federal Signal Trading Down 0.1%

NYSE FSS opened at $109.18 on Monday. 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 one year low of $66.47 and a one year high of $132.89. The company has a 50-day simple moving average of $112.43 and a 200-day simple moving average of $114.27. The firm has a market capitalization of $6.65 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33.

Federal Signal (NYSE:FSS) last released 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 net margin of 11.31% and a return on equity of 20.14%. The firm had revenue of $597.10 million for the quarter, compared to analyst estimates of $551.36 million. During the same quarter in the prior year, the business earned $0.87 earnings per share. Federal Signal’s quarterly revenue was up 26.5% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 4.500-4.800 EPS. On average, equities analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 13th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, March 13th. This is a positive change from Federal Signal’s previous quarterly dividend of $0.14. Federal Signal’s payout ratio is currently 14.96%.

Federal Signal Company 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.