Goldman Sachs Group Inc. Buys 47,846 Shares of Federal Signal Corporation $FSS

Goldman Sachs Group Inc. lifted its holdings in Federal Signal Corporation (NYSE:FSS) by 6.3% in the fourth quarter, Holdings Channel reports. The fund owned 808,277 shares of the conglomerate’s stock after purchasing an additional 47,846 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Federal Signal were worth $87,771,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FSS. EverSource Wealth Advisors LLC lifted its holdings in shares of Federal Signal by 140.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock valued at $26,000 after acquiring an additional 142 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Federal Signal by 118.0% in the 4th quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 151 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Federal Signal by 3,100.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 248 shares during the last quarter. Danske Bank A S bought a new position in shares of Federal Signal in the 3rd quarter valued at about $48,000. Finally, Globeflex Capital L P lifted its holdings in shares of Federal Signal by 8,618.2% in the 2nd quarter. Globeflex Capital L P now owns 959 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 948 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Up 2.9%

Shares of NYSE:FSS opened at $110.00 on Wednesday. Federal Signal Corporation has a 1 year low of $97.25 and a 1 year high of $132.89. The business has a 50 day simple moving average of $113.14 and a two-hundred day simple moving average of $112.84. The firm has a market capitalization of $6.71 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.54 and a beta of 1.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.84 and a quick ratio of 1.29.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.29. Federal Signal had a return on equity of 21.18% and a net margin of 11.56%.The company had revenue of $625.60 million during the quarter, compared to analysts’ expectations of $579.87 million. During the same quarter in the previous year, the business earned $0.76 EPS. Federal Signal’s revenue was up 35.0% compared to the same quarter last year. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. On average, equities analysts predict that Federal Signal Corporation will post 4.94 EPS for the current year.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, May 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. Federal Signal’s payout ratio is presently 13.64%.

Analyst Upgrades and Downgrades

FSS has been the subject of a number of analyst reports. CJS Securities raised shares of Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price target for the company in a report on Thursday, February 26th. Weiss Ratings downgraded shares of Federal Signal from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Wall Street Zen raised shares of Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. KeyCorp reaffirmed an “overweight” rating and issued a $140.00 price target on shares of Federal Signal in a report on Thursday, April 30th. Finally, Zacks Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Federal Signal currently has an average rating of “Buy” and a consensus price target of $139.25.

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.