VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 20,700 Federal Signal Corporation $FSS

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Federal Signal Corporation (NYSE:FSS) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,700 shares of the conglomerate’s stock, valued at approximately $2,660,000.

Several other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in shares of Federal Signal by 140.6% during 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 period. Palladiem LLC acquired a new position in Federal Signal in the 4th quarter worth about $27,000. Physician Wealth Advisors Inc. boosted its position in Federal Signal by 57.2% during the first quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 91 shares in the last quarter. Covestor Ltd boosted its position in 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Federal Signal by 3,100.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 248 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Federal Signal news, VP Diane Bonina sold 14,856 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $130.44, for a total transaction of $1,937,816.64. Following the transaction, the vice president owned 15,689 shares of the company’s stock, valued at approximately $2,046,473.16. The trade was a 48.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wall Street Zen cut Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Citigroup began coverage on shares of Federal Signal in a research note on Monday, August 17th. They issued a “buy” rating and a $150.00 price target on the stock. Finally, Weiss Ratings raised shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.50.

Federal Signal Price Performance

Federal Signal stock opened at $113.26 on Friday. Federal Signal Corporation has a 52-week low of $101.18 and a 52-week high of $134.51. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 1.60 and a beta of 1.23. The company has a fifty day simple moving average of $121.08 and a 200-day simple moving average of $116.34. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.30.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, July 30th. The conglomerate reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.13. The firm had revenue of $670.20 million for the quarter, compared to the consensus estimate of $667.04 million. Federal Signal had a net margin of 11.66% and a return on equity of 21.36%. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period last year, the firm posted $1.17 earnings per share. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. On average, equities analysts anticipate that Federal Signal Corporation will post 5.23 EPS for the current fiscal year.

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Friday, August 14th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 14th. Federal Signal’s dividend payout ratio (DPR) is currently 12.93%.

About Federal Signal

Federal Signal Corporation (NYSE:FSS) designs and manufactures equipment and systems that help protect people, maintain infrastructure and improve environmental conditions. The company serves municipal, governmental, industrial and commercial customers with products used in public safety, emergency response, infrastructure maintenance and environmental services.

Its Environmental Solutions Group provides street sweepers, sewer cleaners, vacuum excavators, hydro-excavation equipment, vacuum loaders and related vehicles and systems.