Ranger Investment Management L.P. Purchases New Shares in Federal Signal Corporation $FSS

Key Points

• Ranger Investment Management purchased 179,428 Federal Signal shares worth approximately $23.1 million, representing about 0.29% of the company and 1.5% of Ranger’s portfolio.
• Institutional investors and hedge funds own 92.73% of Federal Signal. Analysts give the stock a “Moderate Buy” consensus rating, with an average price target of $140.50.
• Federal Signal beat quarterly earnings expectations with EPS of $1.42 versus the $1.29 consensus, while revenue rose 18.7% year over year to $670.2 million. The company also announced a $0.15 quarterly dividend, yielding approximately 0.5%.

Ranger Investment Management L.P. purchased a new position in Federal Signal Corporation (NYSE:FSS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 179,428 shares of the conglomerate's stock, valued at approximately $23,055,000. Federal Signal makes up about 1.5% of Ranger Investment Management L.P.'s portfolio, making the stock its 25th biggest holding. Ranger Investment Management L.P. owned approximately 0.29% of Federal Signal at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Federal Signal in the second quarter valued at about $1,236,004,000. Wasatch Advisors LP acquired a new position in shares of Federal Signal during the 3rd quarter worth about $174,476,000. Norges Bank acquired a new position in shares of Federal Signal during the 4th quarter worth about $98,257,000. Vaughan Nelson Investment Management L.P. purchased a new position in Federal Signal in the 1st quarter valued at about $57,749,000. Finally, Bank of New York Mellon Corp purchased a new position in Federal Signal in the 2nd quarter valued at about $53,055,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. DA Davidson lifted their price objective on Federal Signal from $125.00 to $132.00 and gave the stock a "neutral" rating in a report on Friday, May 1st. KeyCorp reissued an "overweight" rating and set a $140.00 target price on shares of Federal Signal in a report on Thursday, April 30th. Citigroup began coverage on Federal Signal in a research report on Monday, August 17th. They issued a "buy" rating and a $150.00 target price on the stock. Zacks Research lowered Federal Signal from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen cut Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $140.50.

Federal Signal Stock Performance

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

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.13. The company had revenue of $670.20 million during the quarter, compared to analysts' expectations of $667.04 million. Federal Signal had a net margin of 11.66% and a return on equity of 21.36%. Federal Signal's revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 EPS. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. On average, sell-side analysts forecast that Federal Signal Corporation will post 5.23 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, August 14th. Federal Signal's payout ratio is currently 12.93%.

Insider Buying and Selling at Federal Signal

In other news, VP Diane Bonina sold 14,856 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The stock was 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 directly owned 15,689 shares in the company, valued at $2,046,473.16. This 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 is available at this link. 3.30% of the stock is currently owned by corporate insiders.

Federal Signal 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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