Congress Asset Management Co. Increases Position in Federal Signal Corporation $FSS

Key Points

• Congress Asset Management increased its Federal Signal position by 23.2% in the third quarter, acquiring 168,708 shares and bringing its total holdings to 894,846 shares worth approximately $99.1 million.
• Federal Signal reported quarterly EPS of $1.42, exceeding estimates of $1.29, while revenue rose 18.7% year over year to $670.2 million. The company issued FY 2026 EPS guidance of $5.12–$5.30.
• FSS shares recently traded at $118, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $140.50; the company also pays a quarterly dividend of $0.15.

Congress Asset Management Co. boosted its position in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 23.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 894,846 shares of the conglomerate's stock after acquiring an additional 168,708 shares during the period. Congress Asset Management Co. owned 1.47% of Federal Signal worth $99,140,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FSS. Physician Wealth Advisors Inc. lifted its position in shares of Federal Signal by 57.2% during the 1st quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate's stock worth $27,000 after purchasing an additional 91 shares during the last quarter. Parallel Advisors LLC grew its holdings in Federal Signal by 18.7% in the 1st quarter. Parallel Advisors LLC now owns 767 shares of the conglomerate's stock valued at $83,000 after buying an additional 121 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Federal Signal by 44.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 417 shares of the conglomerate's stock valued at $45,000 after buying an additional 128 shares during the last quarter. Vancity Investment Management Ltd increased its position in Federal Signal by 2.1% in the 4th quarter. Vancity Investment Management Ltd now owns 6,511 shares of the conglomerate's stock worth $707,000 after buying an additional 136 shares during the period. Finally, Arkadios Wealth Advisors increased its position in Federal Signal by 5.5% in the 1st quarter. Arkadios Wealth Advisors now owns 2,683 shares of the conglomerate's stock worth $290,000 after buying an additional 140 shares during the period. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Price Performance

FSS stock traded up $1.56 during trading on Tuesday, hitting $118.00. The company had a trading volume of 334,595 shares, compared to its average volume of 470,639. The company has a fifty day moving average price of $119.26 and a two-hundred day moving average price of $116.54. Federal Signal Corporation has a fifty-two week low of $101.18 and a fifty-two week high of $134.51. The company has a market cap of $7.20 billion, a P/E ratio of 25.43, a P/E/G ratio of 1.59 and a beta of 1.23. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30.

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

Federal Signal Announces Dividend

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

Insider Activity at Federal Signal

In related news, VP Diane Bonina sold 14,856 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $130.44, for a total transaction of $1,937,816.64. Following the sale, the vice president directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Weiss Ratings downgraded shares of Federal Signal from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, September 14th. Wall Street Zen lowered Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Zacks Research cut Federal Signal from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 12th. Finally, Citigroup assumed coverage on Federal Signal in a report on Monday, August 17th. They set a "buy" rating and a $150.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $140.50.

About Federal Signal

Federal Signal Corporation is a manufacturer of environmental and safety solutions serving municipalities, government agencies, industrial customers and commercial organizations. The company designs and produces equipment used to maintain infrastructure, manage environmental services and improve public and workplace safety.

Its Environmental Solutions Group offers street sweepers, sewer cleaners, vacuum trucks, hydro-excavation equipment and related products for street, sewer and infrastructure maintenance.

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