Federal Signal Corporation $FSS Shares Purchased by Handelsbanken Fonder AB

Key Points

• Handelsbanken Fonder increased its Federal Signal stake by 4.6% in the second quarter to 194,259 shares valued at approximately $25.0 million. Institutional investors collectively own 92.73% of the company.
• Analyst sentiment remains positive, with Federal Signal carrying an average “Buy” rating and a consensus price target of $137.33. Recent actions included KeyCorp maintaining an overweight rating and Zacks upgrading the stock to “strong buy,” although one firm downgraded it to “hold.”
• Federal Signal exceeded quarterly expectations, reporting $1.42 in earnings per share and $670.2 million in revenue, up 18.7% year over year. The company also declared a quarterly dividend of $0.15 per share, while shares recently opened at $126.69.

Handelsbanken Fonder AB raised its holdings in Federal Signal Corporation (NYSE:FSS - Free Report) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,259 shares of the conglomerate's stock after buying an additional 8,499 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.32% of Federal Signal worth $24,960,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FSS. EverSource Wealth Advisors LLC grew its holdings in Federal Signal by 140.6% in the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate's stock valued at $26,000 after purchasing an additional 142 shares during the period. Palladiem LLC purchased a new position in Federal Signal during the fourth quarter worth approximately $27,000. Physician Wealth Advisors Inc. raised its stake in Federal Signal by 57.2% during the first 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 period. Covestor Ltd boosted its holdings in shares of Federal Signal by 118.0% in the 4th quarter. Covestor Ltd now owns 279 shares of the conglomerate's stock valued at $30,000 after purchasing an additional 151 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake 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 buying an additional 248 shares during the period. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on FSS. KeyCorp restated an "overweight" rating and issued a $140.00 price objective on shares of Federal Signal in a report on Thursday, April 30th. Wall Street Zen cut 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 report on Tuesday, June 23rd. DA Davidson raised their price target on shares of Federal Signal from $125.00 to $132.00 and gave the company a "neutral" rating in a report on Friday, May 1st. Finally, Zacks Research raised shares of Federal Signal from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Federal Signal has an average rating of "Buy" and an average price target of $137.33.

Insiders Place Their Bets

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

Federal Signal Stock Down 1.6%

Shares of NYSE FSS opened at $126.69 on Thursday. Federal Signal Corporation has a 12-month low of $101.18 and a 12-month high of $134.51. The company has a market cap of $7.73 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.76 and a beta of 1.24. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average price of $120.02 and a 200 day moving average price of $115.63.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The conglomerate reported $1.42 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 company had revenue of $670.20 million for the quarter, compared to analysts' expectations of $667.04 million. During the same quarter in the previous year, the firm posted $1.17 earnings per share. The firm's quarterly revenue was up 18.7% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. Research analysts anticipate that Federal Signal Corporation will post 5.23 EPS for the current fiscal year.

Federal Signal Announces Dividend

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