ABN Amro Investment Solutions Invests $1.20 Million in Federal Signal Corporation $FSS

ABN Amro Investment Solutions purchased a new position in shares of Federal Signal Corporation (NYSE:FSS) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,137 shares of the conglomerate’s stock, valued at approximately $1,204,000.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada increased its position in Federal Signal by 3.5% during the first quarter. Royal Bank of Canada now owns 93,618 shares of the conglomerate’s stock worth $6,886,000 after purchasing an additional 3,153 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Federal Signal by 10.9% during the 1st quarter. AQR Capital Management LLC now owns 35,702 shares of the conglomerate’s stock valued at $2,626,000 after buying an additional 3,520 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Federal Signal by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,822 shares of the conglomerate’s stock worth $2,635,000 after buying an additional 1,594 shares during the period. NewEdge Advisors LLC raised its holdings in Federal Signal by 15.9% in the first quarter. NewEdge Advisors LLC now owns 1,838 shares of the conglomerate’s stock valued at $135,000 after buying an additional 252 shares during the period. Finally, Empowered Funds LLC acquired a new position in Federal Signal during the first quarter valued at approximately $1,119,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Ratings Changes

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

Federal Signal Price Performance

NYSE FSS opened at $118.67 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.84 and a quick ratio of 1.29. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 1.70 and a beta of 1.23. The company has a 50 day simple moving average of $116.40 and a 200-day simple moving average of $114.73. Federal Signal Corporation has a 52-week low of $101.18 and a 52-week 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 analysts’ consensus estimates of $0.89 by $0.29. The firm had revenue of $625.60 million during the quarter, compared to analysts’ expectations of $579.87 million. Federal Signal had a return on equity of 21.18% and a net margin of 11.56%.The business’s revenue for the quarter was up 35.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 earnings per share. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. Equities research analysts predict that Federal Signal Corporation will post 4.94 earnings per share for the current fiscal year.

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.