Algert Global LLC Sells 40,710 Shares of Federal Signal Corporation $FSS

Key Points

• Algert Global cut its Federal Signal stake by 55.3% in the second quarter, selling 40,710 shares and retaining 32,942 shares valued at approximately $4.23 million. Institutional investors own 92.73% of the company.
• Federal Signal reported stronger-than-expected quarterly results, with EPS of $1.42 versus the $1.29 consensus estimate and revenue of $670.2 million, up 18.7% year over year. The company issued fiscal 2026 EPS guidance of $5.12 to $5.30.
• The stock has a “Moderate Buy” consensus rating with an average analyst target of $140.50, compared with a recent price of $120.08. Federal Signal also paid a quarterly dividend of $0.15 per share, yielding 0.5% annually.

Algert Global LLC trimmed its stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 55.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,942 shares of the conglomerate's stock after selling 40,710 shares during the period. Algert Global LLC owned approximately 0.05% of Federal Signal worth $4,233,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FSS. Physician Wealth Advisors Inc. increased its stake in shares of Federal Signal by 57.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate's stock valued at $27,000 after buying an additional 91 shares during the period. New Age Alpha Advisors LLC increased its position in Federal Signal by 3.4% in the fourth quarter. New Age Alpha Advisors LLC now owns 2,895 shares of the conglomerate's stock worth $314,000 after purchasing an additional 95 shares during the period. Canada Pension Plan Investment Board increased its position in Federal Signal by 10.0% in the second quarter. Canada Pension Plan Investment Board now owns 1,100 shares of the conglomerate's stock worth $117,000 after purchasing an additional 100 shares during the period. Smartleaf Asset Management LLC raised its holdings in Federal Signal by 9.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the conglomerate's stock worth $130,000 after purchasing an additional 108 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in Federal Signal by 50.5% during the 4th quarter. UMB Bank n.a. now owns 331 shares of the conglomerate's stock worth $36,000 after purchasing an additional 111 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

Federal Signal Stock Performance

Shares of FSS stock opened at $120.08 on Friday. The stock has a market cap of $7.33 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 1.66 and a beta of 1.24. The stock has a 50-day moving average of $122.58 and a 200-day moving average of $116.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.74 and a quick ratio of 1.21. Federal Signal Corporation has a one year low of $101.18 and a one year high of $134.51.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The conglomerate reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.13. Federal Signal had a net margin of 11.66% and a return on equity of 21.36%. The business had revenue of $670.20 million for the quarter, compared to analyst estimates of $667.04 million. During the same quarter last year, the firm earned $1.17 EPS. Federal Signal's quarterly revenue was up 18.7% compared to the same quarter last year. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. As a group, sell-side analysts expect that Federal Signal Corporation will post 5.23 earnings per share for the current year.

Federal Signal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Friday, August 14th 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, August 14th. Federal Signal's dividend payout ratio (DPR) is currently 12.93%.

Analyst Ratings Changes

FSS has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. DA Davidson lifted their target price 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 reaffirmed an "overweight" rating and set a $140.00 target price on shares of Federal Signal in a report 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. Finally, Citigroup started coverage on Federal Signal in a research note on Monday, August 17th. They issued a "buy" rating and a $150.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.50.

Insider Activity

In related news, VP Diane Bonina sold 14,856 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $130.44, for a total value of $1,937,816.64. Following the completion of the sale, the vice president owned 15,689 shares in the company, valued at $2,046,473.16. This represents a 48.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.30% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.