Deutsche Bank AG Invests $9.60 Million in Federal Signal Corporation $FSS

Key Points

• Deutsche Bank acquired 74,733 Federal Signal shares worth approximately $9.6 million, representing about 0.12% of the company. Institutional investors collectively own 92.73% of outstanding shares.
• Federal Signal exceeded quarterly expectations, reporting $1.42 EPS versus the $1.29 consensus estimate and $670.2 million in revenue, up 18.7% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average $140.50 price target.
• Vice President Diane Bonina sold 14,856 shares for roughly $1.94 million, reducing her direct ownership by 48.64%. Federal Signal also declared a quarterly dividend of $0.15 per share, equivalent to a 0.5% annualized yield.

Deutsche Bank AG bought a new stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 74,733 shares of the conglomerate's stock, valued at approximately $9,602,000. Deutsche Bank AG owned approximately 0.12% of Federal Signal at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Wasatch Advisors LP purchased a new position in Federal Signal in the third quarter worth about $174,476,000. Norges Bank purchased a new stake in Federal Signal during the fourth quarter valued at approximately $98,257,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Federal Signal during the first quarter valued at approximately $57,749,000. Bank of New York Mellon Corp bought a new stake in shares of Federal Signal in the 2nd quarter valued at approximately $53,055,000. Finally, Invesco Ltd. lifted its stake in shares of Federal Signal by 16.0% in the 3rd quarter. Invesco Ltd. now owns 1,967,348 shares of the conglomerate's stock valued at $234,095,000 after purchasing an additional 271,878 shares during the last quarter. Institutional investors own 92.73% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. KeyCorp reissued an "overweight" rating and set a $140.00 target price on shares of Federal Signal in a research report on Thursday, April 30th. Zacks Research downgraded Federal Signal from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 12th. Wall Street Zen lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. 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 began coverage on shares of Federal Signal in a research note on Monday, August 17th. They issued a "buy" rating and a $150.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $140.50.

Insider Buying and Selling at Federal Signal

In other news, VP Diane Bonina sold 14,856 shares of Federal Signal stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.30% of the company's stock.

Federal Signal Trading Down 0.1%

FSS opened at $122.35 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.21 and a current ratio of 2.74. The stock's 50 day moving average price is $122.07 and its 200-day moving average price is $116.24. Federal Signal Corporation has a one year low of $101.18 and a one year high of $134.51. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 1.67 and a beta of 1.24.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.13. Federal Signal had a return on equity of 21.36% and a net margin of 11.66%.The firm had revenue of $670.20 million during the quarter, compared to analyst estimates of $667.04 million. During the same period last year, the company 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. On average, equities analysts forecast that Federal Signal Corporation will post 5.23 EPS for the current year.

Federal Signal Dividend Announcement

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

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.

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