Federal Signal Corporation $FSS Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in shares of Federal Signal Corporation (NYSE:FSS) by 3.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 405,333 shares of the conglomerate’s stock after selling 14,599 shares during the quarter. Bank of New York Mellon Corp’s holdings in Federal Signal were worth $43,833,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Illinois Municipal Retirement Fund raised its stake in Federal Signal by 9.2% during the first quarter. Illinois Municipal Retirement Fund now owns 51,282 shares of the conglomerate’s stock valued at $5,546,000 after buying an additional 4,340 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Federal Signal during the first quarter worth $347,000. Hillsdale Investment Management Inc. lifted its position in shares of Federal Signal by 4,014.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 2,880 shares of the conglomerate’s stock worth $311,000 after buying an additional 2,810 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Federal Signal by 11,989.4% in the 1st quarter. Fifth Third Bancorp now owns 104,936 shares of the conglomerate’s stock worth $11,348,000 after buying an additional 104,068 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its holdings in shares of Federal Signal by 544.3% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 12,943 shares of the conglomerate’s stock valued at $1,400,000 after buying an additional 10,934 shares during the period. Institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Performance

Shares of NYSE FSS opened at $118.67 on Friday. The stock has a fifty day moving average price of $116.40 and a two-hundred day moving average price of $114.73. 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 firm has a market cap of $7.24 billion, a P/E ratio of 26.97, a PEG ratio of 1.70 and a beta of 1.23. Federal Signal Corporation has a 1 year low of $101.18 and a 1 year high of $134.51.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. The company had revenue of $625.60 million for the quarter, compared to the consensus estimate of $579.87 million. Federal Signal had a return on equity of 21.18% and a net margin of 11.56%.The company’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. Research analysts forecast that Federal Signal Corporation will post 4.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FSS shares. DA Davidson increased their price objective on shares of Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. KeyCorp reissued an “overweight” rating and issued a $140.00 price target on shares of Federal Signal in a report on Thursday, April 30th. Finally, Zacks Research upgraded Federal Signal from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to 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.