Wasatch Advisors LP Sells 141,172 Shares of Federal Signal Corporation $FSS

Key Points

• Wasatch Advisors reduced its Federal Signal stake by 9.4%, selling 141,172 shares and retaining 1.37 million shares worth approximately $175.4 million. Institutional investors collectively own 92.73% of the company.
• Federal Signal reported quarterly EPS of $1.42, beating estimates of $1.29, while revenue rose 18.7% year over year to $670.2 million. The company issued fiscal 2026 EPS guidance of $5.12–$5.30.
• Analysts maintain a generally positive view, with an average rating of “Buy” and an average price target of $137.33 versus the stock’s reported $128.22 price. Federal Signal also declared a quarterly dividend of $0.15 per share, representing a 0.5% yield.

Wasatch Advisors LP decreased its position in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 9.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,365,316 shares of the conglomerate's stock after selling 141,172 shares during the period. Wasatch Advisors LP owned approximately 2.24% of Federal Signal worth $175,429,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FSS. Handelsbanken Fonder AB increased its position in shares of Federal Signal by 4.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 194,259 shares of the conglomerate's stock valued at $24,960,000 after purchasing an additional 8,499 shares during the last quarter. Fulton Bank N.A. raised its holdings in shares of Federal Signal by 10.7% during the 2nd quarter. Fulton Bank N.A. now owns 5,031 shares of the conglomerate's stock valued at $646,000 after buying an additional 485 shares in the last quarter. Dudley & Shanley Inc. boosted its stake in Federal Signal by 169.9% in the second quarter. Dudley & Shanley Inc. now owns 169,285 shares of the conglomerate's stock worth $21,751,000 after buying an additional 106,555 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Federal Signal by 32.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 6,340 shares of the conglomerate's stock worth $815,000 after buying an additional 1,552 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Federal Signal by 7.3% during the second quarter. GAMMA Investing LLC now owns 2,786 shares of the conglomerate's stock valued at $358,000 after acquiring an additional 189 shares during the last quarter. Institutional investors own 92.73% of the company's stock.

Federal Signal Price Performance

Shares of Federal Signal stock opened at $128.22 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.74 and a quick ratio of 1.21. The business's 50 day simple moving average is $119.64 and its two-hundred day simple moving average is $115.54. The stock has a market capitalization of $7.83 billion, a P/E ratio of 27.63, a price-to-earnings-growth ratio of 1.73 and a beta of 1.24. Federal Signal Corporation has a one year low of $101.18 and a one year high of $134.51.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The conglomerate reported $1.42 earnings per share for the quarter, beating 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 firm had revenue of $670.20 million during the quarter, compared to analyst estimates of $667.04 million. During the same quarter in the prior year, the firm posted $1.17 earnings per share. The business's quarterly revenue was up 18.7% compared to the same quarter last year. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. Analysts forecast that Federal Signal Corporation will post 5.23 EPS for the current year.

Federal Signal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be given a dividend of $0.15 per share. 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 is presently 12.93%.

Analysts Set New Price Targets

Several research firms have commented on FSS. DA Davidson lifted their price target on shares of Federal Signal from $125.00 to $132.00 and gave the stock a "neutral" rating in a research note on Friday, May 1st. Weiss Ratings raised shares of Federal Signal from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, June 23rd. KeyCorp reiterated an "overweight" rating and issued a $140.00 target price on shares of Federal Signal in a research report on Thursday, April 30th. Zacks Research raised shares of Federal Signal from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 4th. Finally, Wall Street Zen lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Federal Signal currently has an average rating of "Buy" and an average target price of $137.33.

Insider Transactions at Federal Signal

In other Federal Signal news, VP Diane Bonina sold 14,856 shares of the firm's stock in a transaction 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is currently owned by company 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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