Federal Signal Corporation $FSS Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System increased its position in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,677 shares of the conglomerate's stock after acquiring an additional 1,894 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of Federal Signal worth $8,824,308 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. increased its holdings 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 purchasing an additional 91 shares during the period. New Age Alpha Advisors LLC grew its holdings in Federal Signal by 3.4% in the 4th quarter. New Age Alpha Advisors LLC now owns 2,895 shares of the conglomerate's stock valued at $314,000 after buying an additional 95 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Federal Signal by 18.7% in the first quarter. Parallel Advisors LLC now owns 767 shares of the conglomerate's stock worth $83,000 after acquiring an additional 121 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Federal Signal by 44.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 417 shares of the conglomerate's stock worth $45,000 after acquiring an additional 128 shares during the period. Finally, Vancity Investment Management Ltd lifted its holdings in Federal Signal by 2.1% during the fourth quarter. Vancity Investment Management Ltd now owns 6,511 shares of the conglomerate's stock worth $707,000 after acquiring an additional 136 shares during the period. Institutional investors own 92.73% of the company's stock.

Insider Activity at Federal Signal

In other news, VP Diane Bonina sold 14,856 shares of Federal Signal stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $130.44, for a total transaction of $1,937,816.64. Following the completion of the sale, the vice president directly owned 15,689 shares in the company, valued at approximately $2,046,473.16. This trade represents a 48.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Federal Signal Trading Up 0.1%

Federal Signal stock traded up $0.07 during trading hours on Tuesday, hitting $113.43. The stock had a trading volume of 212,138 shares, compared to its average volume of 467,794. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.30. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 1.56 and a beta of 1.23. The business's 50 day simple moving average is $120.34 and its 200-day simple moving average is $116.31. 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 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. 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 analysts' expectations of $667.04 million. During the same period in the prior year, the company posted $1.17 EPS. The business's revenue for the quarter 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. On average, equities analysts predict that Federal Signal Corporation will post 5.23 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Friday, August 14th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, August 14th. Federal Signal's dividend payout ratio (DPR) 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.

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