Louisiana State Employees Retirement System Takes Position in Federal Signal Corporation $FSS

Louisiana State Employees Retirement System purchased a new position in shares of Federal Signal Corporation (NYSE:FSS) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 27,000 shares of the conglomerate’s stock, valued at approximately $2,920,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FSS. Royal Bank of Canada grew its holdings in shares of 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 buying an additional 3,153 shares during the last quarter. AQR Capital Management LLC lifted its position in Federal Signal by 10.9% during the 1st quarter. AQR Capital Management LLC now owns 35,702 shares of the conglomerate’s stock worth $2,626,000 after acquiring an additional 3,520 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Federal Signal by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,822 shares of the conglomerate’s stock valued at $2,635,000 after purchasing an additional 1,594 shares during the period. NewEdge Advisors LLC raised its stake in shares of Federal Signal by 15.9% during the first quarter. NewEdge Advisors LLC now owns 1,838 shares of the conglomerate’s stock worth $135,000 after purchasing an additional 252 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Federal Signal during the first quarter worth $1,119,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. KeyCorp restated an “overweight” rating and set a $140.00 price objective on shares of Federal Signal in a research report on Thursday, April 30th. Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. DA Davidson increased their price objective on 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 raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $139.25.

Federal Signal Price Performance

FSS stock opened at $125.61 on Monday. The stock’s 50 day moving average price is $114.44 and its 200 day moving average price is $113.33. The firm has a market cap of $7.66 billion, a P/E ratio of 28.55, a PEG 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. Federal Signal Corporation has a 1 year low of $101.18 and a 1 year high of $132.89.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share 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 company had revenue of $625.60 million during the quarter, compared to the consensus estimate of $579.87 million. During the same quarter last year, the business posted $0.76 earnings per share. Federal Signal’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, 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 firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 15th. Federal Signal’s 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.