Federal Signal Corporation $FSS Position Trimmed by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. cut its position in Federal Signal by 23.9% in Q3, selling 53,470 shares and leaving it with 169,884 shares (about 0.28% of the company) worth roughly $20.2 million, while institutional ownership stands at about 92.7%.
• Federal Signal beat quarterly estimates with EPS of $1.16 vs. $1.08 and revenue of $597.1M (up 26.5% year-over-year), and set FY2026 guidance of 4.50–4.80 EPS, with the stock trading up roughly 3.4% on the results.
• Analysts are broadly positive—MarketBeat shows a consensus "Moderate Buy" and a $131.75 average price target with several recent upgrades—and the company raised its quarterly dividend to $0.15 ($0.60 annual, ~0.5% yield).

JPMorgan Chase & Co. trimmed its stake in Federal Signal Corporation (NYSE:FSS - Free Report) by 23.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,884 shares of the conglomerate's stock after selling 53,470 shares during the quarter. JPMorgan Chase & Co. owned 0.28% of Federal Signal worth $20,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in FSS. EverSource Wealth Advisors LLC increased its stake in Federal Signal by 140.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate's stock valued at $26,000 after buying an additional 142 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Federal Signal by 3,100.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate's stock valued at $30,000 after acquiring an additional 248 shares in the last quarter. MAI Capital Management increased its stake in shares of Federal Signal by 1,003.8% in the second quarter. MAI Capital Management now owns 287 shares of the conglomerate's stock worth $31,000 after acquiring an additional 261 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of Federal Signal by 50.0% during the third quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate's stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Finally, TD Waterhouse Canada Inc. purchased a new stake in shares of Federal Signal during the second quarter worth $37,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. KeyCorp upgraded Federal Signal from a "sector weight" rating to an "overweight" rating and set a $130.00 target price on the stock in a research note on Tuesday, March 10th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Federal Signal in a research note on Monday, December 29th. Wall Street Zen lowered Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Finally, CJS Securities raised Federal Signal from a "market perform" rating to a "market outperform" rating and set a $140.00 price target for the company in a research note on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Federal Signal has an average rating of "Moderate Buy" and a consensus price target of $131.75.

Federal Signal Trading Up 3.4%

Shares of NYSE:FSS opened at $112.25 on Wednesday. The company has a current ratio of 3.02, a quick ratio of 1.35 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $6.83 billion, a PE ratio of 27.99, a P/E/G ratio of 1.64 and a beta of 1.32. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $132.89. The firm has a fifty day moving average price of $113.39 and a 200 day moving average price of $115.24.

Federal Signal (NYSE:FSS - Get Free Report) last posted its earnings results on Wednesday, February 25th. The conglomerate reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.08. Federal Signal had a return on equity of 20.14% and a net margin of 11.31%.The company had revenue of $597.10 million for the quarter, compared to analyst estimates of $551.36 million. During the same period last year, the company earned $0.87 earnings per share. The business's revenue was up 26.5% compared to the same quarter last year. Federal Signal has set its FY 2026 guidance at 4.500-4.800 EPS. Analysts expect that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Friday, March 13th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Federal Signal's previous quarterly dividend of $0.14. Federal Signal's dividend payout ratio (DPR) is 14.96%.

About Federal Signal

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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