18,181 Shares in Federal Signal Corporation $FSS Acquired by OP Asset Management Ltd

OP Asset Management Ltd bought a new stake in Federal Signal Corporation (NYSE:FSS) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 18,181 shares of the conglomerate’s stock, valued at approximately $1,966,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Federal Signal by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 6,840,396 shares of the conglomerate’s stock worth $742,799,000 after acquiring an additional 138,855 shares during the last quarter. Capital World Investors raised its stake in shares of Federal Signal by 4.4% in the fourth quarter. Capital World Investors now owns 2,362,294 shares of the conglomerate’s stock worth $256,522,000 after purchasing an additional 100,000 shares during the last quarter. State Street Corp lifted its holdings in shares of Federal Signal by 0.4% during the second quarter. State Street Corp now owns 2,266,523 shares of the conglomerate’s stock worth $241,203,000 after purchasing an additional 7,982 shares during the period. Invesco Ltd. boosted its position in Federal Signal by 10.2% in the fourth quarter. Invesco Ltd. now owns 2,168,788 shares of the conglomerate’s stock valued at $235,509,000 after buying an additional 201,440 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Federal Signal by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,725,757 shares of the conglomerate’s stock worth $187,427,000 after buying an additional 18,587 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FSS. KeyCorp restated an “overweight” rating and set a $140.00 target price on shares of Federal Signal in a research report on Thursday, April 30th. DA Davidson increased their price target on Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Weiss Ratings upgraded Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note 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 upgraded Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Federal Signal currently has an average rating of “Buy” and an average target price of $139.25.

Federal Signal Stock Performance

Shares of NYSE FSS opened at $125.61 on Monday. The company has a market capitalization of $7.66 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 1.81 and a beta of 1.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 2.84. The company’s fifty day moving average price is $114.44 and its 200 day moving average price is $113.33. Federal Signal Corporation has a 1 year low of $101.18 and a 1 year high of $132.89.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. Federal Signal had a net margin of 11.56% and a return on equity of 21.18%. The business had revenue of $625.60 million during the quarter, compared to the consensus estimate of $579.87 million. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The company’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, research analysts predict that Federal Signal Corporation will post 4.94 earnings per share for the current year.

Federal Signal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.15 per share. The ex-dividend date was Friday, May 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. Federal Signal’s dividend payout ratio is currently 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.