JPMorgan Chase & Co. Sells 53,470 Shares of Federal Signal Corporation $FSS

JPMorgan Chase & Co. cut its stake in Federal Signal Corporation (NYSE:FSS) by 23.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,884 shares of the conglomerate’s stock after selling 53,470 shares during the period. JPMorgan Chase & Co. owned 0.28% of Federal Signal worth $20,215,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FSS. State Street Corp boosted its stake in shares of Federal Signal by 0.4% in the 2nd quarter. State Street Corp now owns 2,266,523 shares of the conglomerate’s stock valued at $241,203,000 after purchasing an additional 7,982 shares during the last quarter. First Trust Advisors LP lifted its holdings in Federal Signal by 49.6% in the second quarter. First Trust Advisors LP now owns 1,501,431 shares of the conglomerate’s stock valued at $159,782,000 after buying an additional 497,652 shares during the period. Allianz Asset Management GmbH acquired a new position in Federal Signal in the third quarter valued at $108,884,000. Norges Bank bought a new stake in Federal Signal during the second quarter valued at $79,165,000. Finally, Franklin Resources Inc. grew its holdings in Federal Signal by 20.1% during the 2nd quarter. Franklin Resources Inc. now owns 732,283 shares of the conglomerate’s stock worth $77,930,000 after acquiring an additional 122,558 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wall Street Zen downgraded Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday. CJS Securities raised Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price target on the stock in a research note on Thursday, February 26th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Federal Signal in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $126.75.

Federal Signal Stock Up 2.7%

Shares of NYSE:FSS opened at $119.56 on Tuesday. The business’s 50 day moving average is $114.73 and its 200 day moving average is $117.05. Federal Signal Corporation has a 12-month low of $66.47 and a 12-month high of $132.89. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 1.78 and a beta of 1.32. The company has a quick ratio of 1.35, a current ratio of 3.02 and a debt-to-equity ratio of 0.41.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Wednesday, February 25th. The conglomerate reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.08. Federal Signal had a return on equity of 20.14% and a net margin of 11.31%.The business had revenue of $597.10 million for the quarter, compared to analysts’ expectations of $551.36 million. During the same period last year, the business earned $0.87 EPS. The business’s revenue was up 26.5% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 4.500-4.800 EPS. On average, sell-side analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Friday, March 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.5%. This is a boost from Federal Signal’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, March 13th. Federal Signal’s dividend payout ratio is presently 13.97%.

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.