Grandeur Peak Global Advisors LLC Raises Position in Federal Signal Corporation $FSS

Key Points

• Grandeur Peak Global Advisors increased its Federal Signal position by 62% in the second quarter, adding 16,748 shares to own 43,766 shares valued at $5.6 million. Institutional investors collectively own 92.73% of FSS.
• 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 maintained fiscal 2026 EPS guidance of $5.12–$5.30.
• Analyst sentiment remains positive but mixed, with a consensus rating of “Moderate Buy” and a $140.50 target price. The company also paid a quarterly dividend of $0.15 per share, yielding approximately 0.5%.

Grandeur Peak Global Advisors LLC raised its position in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 62.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,766 shares of the conglomerate's stock after acquiring an additional 16,748 shares during the quarter. Federal Signal makes up approximately 1.4% of Grandeur Peak Global Advisors LLC's holdings, making the stock its 15th largest position. Grandeur Peak Global Advisors LLC owned 0.07% of Federal Signal worth $5,623,000 at the end of the most recent reporting period.

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

Insider Transactions at Federal Signal

In other Federal Signal news, VP Diane Bonina sold 14,856 shares of Federal Signal stock in a transaction dated 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 transaction, the vice president directly owned 15,689 shares of the company's stock, valued at approximately $2,046,473.16. The trade was a 48.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FSS shares. 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. Citigroup initiated coverage on shares of Federal Signal in a report on Monday, August 17th. They issued a "buy" rating and a $150.00 price objective on the stock. Zacks Research cut shares of Federal Signal from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 12th. Finally, Wall Street Zen downgraded shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $140.50.

Federal Signal Trading Up 0.2%

NYSE FSS opened at $118.37 on Monday. Federal Signal Corporation has a 12 month low of $101.18 and a 12 month high of $134.51. The stock has a market cap of $7.23 billion, a P/E ratio of 25.51, a P/E/G ratio of 1.61 and a beta of 1.24. The stock's fifty day moving average price is $122.57 and its 200-day moving average price is $116.47. 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 posted its quarterly earnings results on Thursday, July 30th. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.13. The firm had revenue of $670.20 million during the quarter, compared to analyst estimates of $667.04 million. Federal Signal had a return on equity of 21.36% and a net margin of 11.66%.Federal Signal's quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.17 EPS. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. As a group, equities analysts forecast that Federal Signal Corporation will post 5.23 EPS for the current fiscal year.

Federal Signal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Friday, August 14th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, August 14th. Federal Signal's dividend payout ratio (DPR) is currently 12.93%.

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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