Allspring Global Investments Holdings LLC Has $11.01 Million Position in Federal Signal Corporation $FSS

Allspring Global Investments Holdings LLC grew its holdings in Federal Signal Corporation (NYSE:FSS) by 15.4% in the first quarter, Holdings Channel.com reports. The firm owned 101,829 shares of the conglomerate’s stock after purchasing an additional 13,619 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Federal Signal were worth $11,012,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in Federal Signal by 140.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after acquiring an additional 142 shares in the last quarter. Palladiem LLC purchased a new position in Federal Signal during the 4th quarter valued at about $27,000. Physician Wealth Advisors Inc. grew its stake in Federal Signal by 57.2% during the 1st quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 91 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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 purchasing an additional 248 shares during the period. Finally, Covestor Ltd increased its holdings in shares of Federal Signal by 118.0% in the 4th quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 151 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Stock Performance

Shares of FSS opened at $116.83 on Thursday. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 1.68 and a beta of 1.23. The company’s fifty day moving average is $116.19 and its 200-day moving average is $114.66. The company has a quick ratio of 1.29, a current ratio of 2.84 and a debt-to-equity ratio of 0.38. Federal Signal Corporation has a 12 month low of $101.18 and a 12 month high of $134.51.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.29. The business had revenue of $625.60 million during the quarter, compared to analyst estimates of $579.87 million. Federal Signal had a net margin of 11.56% and a return on equity of 21.18%. Federal Signal’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. Equities analysts expect that Federal Signal Corporation will post 4.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on FSS shares. DA Davidson raised their price target on shares of Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. KeyCorp reiterated an “overweight” rating and issued a $140.00 price objective on shares of Federal Signal in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Wall Street Zen raised shares of Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Zacks Research upgraded shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. 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 stock. Based on data from MarketBeat.com, Federal Signal has a consensus rating of “Buy” and a consensus target price of $139.25.

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.