Federal Signal Corporation $FSS Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. cut its position in Federal Signal Corporation (NYSE:FSS) by 3.3% during the first quarter, HoldingsChannel reports. The firm owned 285,895 shares of the conglomerate’s stock after selling 9,636 shares during the quarter. Bessemer Group Inc.’s holdings in Federal Signal were worth $30,916,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FSS. Allspring Global Investments Holdings LLC increased its holdings in Federal Signal by 15.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 101,829 shares of the conglomerate’s stock valued at $11,012,000 after buying an additional 13,619 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in shares of Federal Signal by 9.2% during the 1st quarter. Illinois Municipal Retirement Fund now owns 51,282 shares of the conglomerate’s stock worth $5,546,000 after acquiring an additional 4,340 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Federal Signal in the 1st quarter valued at about $347,000. Hillsdale Investment Management Inc. raised its position in shares of Federal Signal by 4,014.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 2,880 shares of the conglomerate’s stock worth $311,000 after acquiring an additional 2,810 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Federal Signal by 11,989.4% during the 1st quarter. Fifth Third Bancorp now owns 104,936 shares of the conglomerate’s stock worth $11,348,000 after acquiring an additional 104,068 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FSS has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. DA Davidson boosted their price objective on shares of Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Zacks Research upgraded shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Wall Street Zen raised shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, KeyCorp reiterated an “overweight” rating and set a $140.00 price target on shares of Federal Signal in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Federal Signal currently has a consensus rating of “Buy” and a consensus price target of $139.25.

Federal Signal Price Performance

Shares of FSS opened at $116.90 on Friday. The firm has a 50-day simple moving average of $116.20 and a 200-day simple moving average of $114.49. 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 has a market capitalization of $7.13 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 1.69 and a beta of 1.23. Federal Signal Corporation has a fifty-two week low of $101.18 and a fifty-two week high of $134.51.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $1.18 EPS for the quarter, topping 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 business had revenue of $625.60 million during the quarter, compared to analysts’ expectations of $579.87 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. The company’s quarterly 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, equities research analysts anticipate that Federal Signal Corporation will post 4.94 earnings per share for the current year.

Federal Signal Dividend Announcement

The company also recently disclosed 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 presently 13.64%.

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.