Gabelli Funds LLC Sells 6,500 Shares of Federal Signal Corporation $FSS

Gabelli Funds LLC trimmed its stake in Federal Signal Corporation (NYSE:FSS) by 3.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180,600 shares of the conglomerate’s stock after selling 6,500 shares during the period. Gabelli Funds LLC’s holdings in Federal Signal were worth $21,490,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FSS. Allianz Asset Management GmbH bought a new stake in shares of Federal Signal in the 3rd quarter valued at about $108,884,000. Norges Bank bought a new position in shares of Federal Signal during the second quarter worth about $79,165,000. First Trust Advisors LP lifted its stake in shares of Federal Signal by 49.6% in the second quarter. First Trust Advisors LP now owns 1,501,431 shares of the conglomerate’s stock worth $159,782,000 after acquiring an additional 497,652 shares during the period. Greenvale Capital LLP bought a new stake in Federal Signal in the second quarter valued at approximately $25,491,000. Finally, Assenagon Asset Management S.A. bought a new stake in Federal Signal in the third quarter valued at approximately $23,037,000. 92.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. CJS Securities upgraded shares of Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 target price on the stock in a report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Federal Signal in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Federal Signal has an average rating of “Moderate Buy” and an average price target of $126.75.

Federal Signal Stock Performance

NYSE FSS opened at $108.65 on Friday. The company has a market cap of $6.62 billion, a P/E ratio of 27.09, a PEG ratio of 1.66 and a beta of 1.32. The company has a fifty day simple moving average of $114.73 and a 200 day simple moving average of $116.79. The company has a current ratio of 3.02, a quick ratio of 1.35 and a debt-to-equity ratio of 0.41. Federal Signal Corporation has a 12-month low of $66.47 and a 12-month high of $132.89.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Wednesday, February 25th. The conglomerate reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.08. Federal Signal had a net margin of 11.31% and a return on equity of 20.14%. The firm had revenue of $597.10 million for the quarter, compared to the consensus estimate of $551.36 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. 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. Sell-side analysts predict that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Friday, March 13th will be issued a $0.15 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Federal Signal’s previous quarterly dividend of $0.14. Federal Signal’s dividend payout ratio (DPR) is currently 13.97%.

Federal Signal Profile

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.