Connor Clark & Lunn Investment Management Ltd. Makes New $6.76 Million Investment in Federal Signal Corporation $FSS

Key Points

• Connor Clark & Lunn Investment Management acquired 52,632 Federal Signal shares worth approximately $6.76 million, giving it a 0.09% stake. Institutional investors collectively own 92.73% of the company.
• Federal Signal reported a strong quarter, with EPS of $1.42 surpassing estimates of $1.29 and revenue rising 18.7% year over year to $670.2 million. The company issued fiscal 2026 EPS guidance of $5.12–$5.30.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $140.50, while the company declared a quarterly dividend of $0.15 per share. Separately, Vice President Diane Bonina sold 14,856 shares for roughly $1.94 million.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 52,632 shares of the conglomerate's stock, valued at approximately $6,763,000. Connor Clark & Lunn Investment Management Ltd. owned 0.09% of Federal Signal as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FSS. Royal Bank of Canada boosted its holdings in shares of Federal Signal by 3.5% in the first quarter. Royal Bank of Canada now owns 93,618 shares of the conglomerate's stock worth $6,886,000 after buying an additional 3,153 shares during the last quarter. AQR Capital Management LLC increased its holdings in Federal Signal by 10.9% during the first quarter. AQR Capital Management LLC now owns 35,702 shares of the conglomerate's stock valued at $2,626,000 after buying an additional 3,520 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Federal Signal by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,822 shares of the conglomerate's stock worth $2,635,000 after acquiring an additional 1,594 shares during the period. NewEdge Advisors LLC raised its position in Federal Signal by 15.9% in the first quarter. NewEdge Advisors LLC now owns 1,838 shares of the conglomerate's stock worth $135,000 after acquiring an additional 252 shares during the period. Finally, Empowered Funds LLC purchased a new position in shares of Federal Signal during the 1st quarter worth $1,119,000. Hedge funds and other institutional investors own 92.73% of the company's stock.

Insider Buying and Selling at Federal Signal

In other news, VP Diane Bonina sold 14,856 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $130.44, for a total value of $1,937,816.64. Following the completion of the transaction, the vice president owned 15,689 shares of the company's stock, valued at $2,046,473.16. This represents a 48.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.30% of the stock is currently owned by company insiders.

Federal Signal Stock Performance

FSS opened at $121.13 on Thursday. The company has a 50 day simple moving average of $122.55 and a two-hundred day simple moving average of $116.44. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.74 and a quick ratio of 1.21. The firm has a market cap of $7.39 billion, a P/E ratio of 26.11, a PEG ratio of 1.65 and a beta of 1.24. 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 released its earnings results on Thursday, July 30th. The conglomerate reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.13. The company had revenue of $670.20 million for the quarter, compared to analysts' expectations of $667.04 million. Federal Signal had a net margin of 11.66% and a return on equity of 21.36%. Federal Signal's revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.17 EPS. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. Equities analysts forecast that Federal Signal Corporation will post 5.23 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FSS shares. KeyCorp reissued an "overweight" rating and set a $140.00 price objective on shares of Federal Signal in a research report on Thursday, April 30th. Zacks Research cut Federal Signal from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 12th. Citigroup began coverage on Federal Signal in a research report on Monday, August 17th. They set a "buy" rating and a $150.00 target price on the stock. DA Davidson boosted their price target on Federal Signal from $125.00 to $132.00 and gave the company a "neutral" rating in a report on Friday, May 1st. Finally, Weiss Ratings upgraded Federal Signal from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, June 23rd. 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.50.

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.

Want to see what other hedge funds are holding FSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Signal Corporation (NYSE:FSS - Free Report).

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.