Baird Financial Group Inc. Buys 64,737 Shares of Federal Signal Corporation $FSS

Key Points

• Baird Financial Group increased its Federal Signal stake by 213.8% in the second quarter, acquiring 64,737 additional shares for a total holding of 95,021 shares valued at approximately $12.2 million.
• Federal Signal reported quarterly EPS of $1.42, exceeding the $1.29 consensus estimate, while revenue rose 18.7% year over year to $670.2 million. The company maintained fiscal 2026 EPS guidance of $5.12–$5.30.
• Analyst sentiment remains positive but mixed, with a consensus “Moderate Buy” rating and a $140.50 price target. The company also declared a quarterly dividend of $0.15 per share, equivalent to a 0.5% annualized yield.

Baird Financial Group Inc. lifted its stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 213.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 95,021 shares of the conglomerate's stock after acquiring an additional 64,737 shares during the period. Baird Financial Group Inc. owned 0.16% of Federal Signal worth $12,209,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Physician Wealth Advisors Inc. boosted its stake in Federal Signal by 57.2% during the first quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate's stock worth $27,000 after acquiring an additional 91 shares in the last quarter. New Age Alpha Advisors LLC raised its holdings in shares of Federal Signal by 3.4% during the fourth quarter. New Age Alpha Advisors LLC now owns 2,895 shares of the conglomerate's stock valued at $314,000 after purchasing an additional 95 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Federal Signal by 10.0% during the 2nd 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 in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of 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 in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Federal Signal by 50.5% in the 4th quarter. UMB Bank n.a. now owns 331 shares of the conglomerate's stock valued at $36,000 after buying an additional 111 shares during the period. Institutional investors and hedge funds own 92.73% of the company's stock.

Insider Transactions at Federal Signal

In other Federal Signal news, VP Diane Bonina sold 14,856 shares of the company's stock in a transaction dated 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 directly owned 15,689 shares of the company's stock, valued at approximately $2,046,473.16. This represents a 48.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FSS. Weiss Ratings raised Federal Signal from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, June 23rd. Zacks Research cut Federal Signal from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 12th. Citigroup initiated coverage on Federal Signal in a report on Monday, August 17th. They set a "buy" rating and a $150.00 price objective for the company. Finally, Wall Street Zen lowered Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.50.

Federal Signal Price Performance

Shares of NYSE:FSS opened at $114.16 on Monday. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30. The stock has a market cap of $6.97 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 1.56 and a beta of 1.23. The stock's fifty day simple moving average is $120.74 and its two-hundred day simple moving average is $116.33. Federal Signal Corporation has a 1-year low of $101.18 and a 1-year high of $134.51.

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

Federal Signal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Friday, August 14th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, August 14th. This represents a $0.60 annualized dividend and a yield of 0.5%. Federal Signal's payout ratio is 12.93%.

About Federal Signal

Federal Signal Corporation NYSE: FSS designs and manufactures equipment and systems that help protect people, maintain infrastructure and improve environmental conditions. The company serves municipal, governmental, industrial and commercial customers with products used in public safety, emergency response, infrastructure maintenance and environmental services.

Its Environmental Solutions Group provides street sweepers, sewer cleaners, vacuum excavators, hydro-excavation equipment, vacuum loaders and related vehicles and systems.

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.