BNP Paribas Financial Markets Buys 37,620 Shares of Federal Signal Corporation $FSS

BNP Paribas Financial Markets grew its stake in shares of Federal Signal Corporation (NYSE:FSS) by 41.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 127,962 shares of the conglomerate’s stock after acquiring an additional 37,620 shares during the quarter. BNP Paribas Financial Markets’ holdings in Federal Signal were worth $13,895,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of FSS. EverSource Wealth Advisors LLC raised its stake in Federal Signal by 140.6% in the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock valued at $26,000 after purchasing an additional 142 shares in the last quarter. Covestor Ltd grew its stake in Federal Signal by 118.0% during the fourth quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock worth $30,000 after buying an additional 151 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Federal Signal by 3,100.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock valued at $30,000 after buying an additional 248 shares during the period. Danske Bank A S bought a new position in Federal Signal in the 3rd quarter valued at about $48,000. Finally, Globeflex Capital L P raised its position in shares of Federal Signal by 8,618.2% in the 2nd quarter. Globeflex Capital L P now owns 959 shares of the conglomerate’s stock valued at $102,000 after buying an additional 948 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

FSS has been the topic of several analyst reports. Wall Street Zen upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded shares of Federal Signal from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. KeyCorp restated an “overweight” rating and set a $140.00 price objective on shares of Federal Signal in a research report on Thursday, April 30th. CJS Securities upgraded shares of 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. Finally, Zacks Research raised Federal Signal from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Federal Signal currently has a consensus rating of “Buy” and an average target price of $139.25.

Federal Signal Stock Performance

Shares of FSS stock opened at $106.55 on Monday. Federal Signal Corporation has a 52 week low of $97.25 and a 52 week high of $132.89. The company has a quick ratio of 1.29, a current ratio of 2.84 and a debt-to-equity ratio of 0.38. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 1.54 and a beta of 1.26. The firm has a 50 day moving average of $113.11 and a 200-day moving average of $112.82.

Federal Signal (NYSE:FSS) last issued its earnings results 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 company had revenue of $625.60 million during the quarter, compared to the consensus estimate of $579.87 million. During the same period last year, the business posted $0.76 EPS. The firm’s revenue for the quarter 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 analysts forecast that Federal Signal Corporation will post 4.94 earnings per share for the current year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.6%. Federal Signal’s payout ratio is presently 13.64%.

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.