Panagora Asset Management Inc. Buys 14,202 Shares of Federal Signal Corporation $FSS

Panagora Asset Management Inc. grew its stake in shares of Federal Signal Corporation (NYSE:FSS) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 239,636 shares of the conglomerate’s stock after buying an additional 14,202 shares during the quarter. Panagora Asset Management Inc. owned 0.39% of Federal Signal worth $26,022,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in shares of Federal Signal by 140.6% during the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock valued at $26,000 after buying an additional 142 shares during the last quarter. Palladiem LLC purchased a new stake in shares of Federal Signal during the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Federal Signal by 3,100.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 248 shares during the period. Covestor Ltd boosted its holdings in shares of Federal Signal by 118.0% during the fourth quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 151 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Federal Signal by 50.5% during the fourth quarter. UMB Bank n.a. now owns 331 shares of the conglomerate’s stock worth $36,000 after purchasing an additional 111 shares during the period. 92.73% of the stock is owned by institutional investors.

Federal Signal Stock Performance

Shares of FSS opened at $111.26 on Tuesday. 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 Corporation has a one year low of $100.23 and a one year high of $132.89. The company has a 50-day simple moving average of $113.33 and a two-hundred day simple moving average of $112.87. The firm has a market capitalization of $6.79 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 1.58 and a beta of 1.26.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $1.18 EPS for the quarter, topping the consensus estimate of $0.89 by $0.29. Federal Signal had a net margin of 11.56% and a return on equity of 21.18%. The business had revenue of $625.60 million during the quarter, compared to analyst estimates of $579.87 million. During the same period last year, the business posted $0.76 earnings per share. Federal Signal’s quarterly 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, analysts anticipate that Federal Signal Corporation will post 4.94 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.15 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.60 annualized dividend and a yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is 13.64%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings lowered shares of Federal Signal from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. DA Davidson increased their target price on shares of Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. CJS Securities upgraded shares of Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 target price for the company in a report on Thursday, February 26th. Finally, KeyCorp reiterated an “overweight” rating and set a $140.00 target price on shares of Federal Signal in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price 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.