Quantbot Technologies LP Acquires New Stake in Federal Signal Corporation $FSS

Key Points

• Quantbot Technologies acquired 10,158 Federal Signal shares worth approximately $1.3 million in the second quarter. Institutional investors and hedge funds collectively own 92.73% of the company.
• Analysts maintain a generally positive outlook, with Federal Signal receiving a consensus “Moderate Buy” rating and an average price target of $140.50.
• Federal Signal exceeded quarterly earnings expectations, reporting $1.42 in EPS and $670.2 million in revenue, while revenue increased 18.7% year over year. The company also declared a quarterly dividend of $0.15 per share.

Quantbot Technologies LP acquired a new position in shares of Federal Signal Corporation (NYSE:FSS - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,158 shares of the conglomerate's stock, valued at approximately $1,305,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Federal Signal in the 2nd quarter valued at about $1,236,004,000. Vanguard Group Inc. grew its holdings in shares of Federal Signal by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 6,840,396 shares of the conglomerate's stock worth $742,799,000 after buying an additional 138,855 shares in the last quarter. Capital World Investors grew its holdings in shares of Federal Signal by 4.4% during the fourth quarter. Capital World Investors now owns 2,362,294 shares of the conglomerate's stock worth $256,522,000 after buying an additional 100,000 shares in the last quarter. State Street Corp raised its position in shares of Federal Signal by 0.4% in the second quarter. State Street Corp now owns 2,266,523 shares of the conglomerate's stock valued at $241,203,000 after buying an additional 7,982 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Federal Signal by 10.2% in the fourth quarter. Invesco Ltd. now owns 2,168,788 shares of the conglomerate's stock valued at $235,509,000 after buying an additional 201,440 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Wall Street Analyst Weigh In

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

Federal Signal Price Performance

Federal Signal stock opened at $120.59 on Wednesday. Federal Signal Corporation has a 52-week low of $101.18 and a 52-week high of $134.51. The firm has a fifty day moving average of $122.41 and a 200-day moving average of $116.38. The firm has a market capitalization of $7.36 billion, a P/E ratio of 25.99, a PEG ratio of 1.64 and a beta of 1.24. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.30.

Federal Signal (NYSE:FSS - Get Free Report) last posted its earnings results on Thursday, July 30th. The conglomerate reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.13. Federal Signal had a net margin of 11.66% and a return on equity of 21.36%. The business had revenue of $670.20 million for the quarter, compared to analyst estimates of $667.04 million. During the same quarter in the previous year, the business posted $1.17 EPS. The business'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. As a group, analysts predict that Federal Signal Corporation will post 5.23 EPS for the current year.

Federal Signal Dividend Announcement

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

Insider Activity at Federal Signal

In other Federal Signal news, VP Diane Bonina sold 14,856 shares of the business's stock in a transaction dated 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 transaction, the vice president owned 15,689 shares in the company, valued at $2,046,473.16. The trade was a 48.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

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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