Federal Signal Corporation $FSS Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE reduced its position in shares of Federal Signal Corporation (NYSE:FSS) by 73.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 34,637 shares of the conglomerate’s stock after selling 94,983 shares during the quarter. Axiom Investors LLC DE’s holdings in Federal Signal were worth $3,761,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Federal Signal by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 6,840,396 shares of the conglomerate’s stock valued at $742,799,000 after acquiring an additional 138,855 shares in the last quarter. Capital World Investors raised its position in shares of Federal Signal by 4.4% during the 4th quarter. Capital World Investors now owns 2,362,294 shares of the conglomerate’s stock valued at $256,522,000 after acquiring an additional 100,000 shares in the last quarter. State Street Corp lifted its stake in Federal Signal by 0.4% in the second quarter. State Street Corp now owns 2,266,523 shares of the conglomerate’s stock valued at $241,203,000 after buying an additional 7,982 shares during the last quarter. Invesco Ltd. lifted its stake in Federal Signal by 16.0% in the third quarter. Invesco Ltd. now owns 1,967,348 shares of the conglomerate’s stock valued at $234,095,000 after buying an additional 271,878 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Federal Signal by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,725,757 shares of the conglomerate’s stock valued at $187,427,000 after buying an additional 18,587 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Trading Up 2.9%

Shares of FSS stock opened at $110.00 on Wednesday. The stock has a 50-day simple moving average of $113.14 and a 200 day simple moving average of $112.84. Federal Signal Corporation has a fifty-two week low of $97.25 and a fifty-two week high of $132.89. The stock has a market capitalization of $6.71 billion, a P/E ratio of 25.00, a P/E/G ratio of 1.54 and a beta of 1.26. 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 (NYSE:FSS) last announced its earnings results on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share 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 business had revenue of $625.60 million during the quarter, compared to analysts’ expectations of $579.87 million. During the same quarter last year, the business posted $0.76 earnings per share. The company’s quarterly revenue was up 35.0% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. On average, sell-side analysts expect that Federal Signal Corporation will post 4.94 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid 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 yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is currently 13.64%.

Analyst Ratings Changes

FSS has been the topic of a number of recent research reports. Weiss Ratings cut Federal Signal from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. KeyCorp reiterated an “overweight” rating and issued a $140.00 target price on shares of Federal Signal in a research note on Thursday, April 30th. CJS Securities upgraded 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 note on Thursday, February 26th. 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, Zacks Research raised Federal Signal from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target 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.