Kornitzer Capital Management Inc. KS Has $1.40 Million Position in Federal Signal Corporation $FSS

Kornitzer Capital Management Inc. KS boosted its stake in shares of Federal Signal Corporation (NYSE:FSS) by 544.3% during the first quarter, Holdings Channel.com reports. The fund owned 12,943 shares of the conglomerate’s stock after acquiring an additional 10,934 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Federal Signal were worth $1,400,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings 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 worth $26,000 after purchasing an additional 142 shares in the last quarter. Palladiem LLC acquired a new position in Federal Signal in the fourth quarter valued at about $27,000. Physician Wealth Advisors Inc. lifted 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 during the period. Caitong International Asset Management Co. Ltd grew its stake in 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 buying an additional 248 shares in the last quarter. Finally, Covestor Ltd grew its stake 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 buying an additional 151 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Zacks Research upgraded shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. KeyCorp restated an “overweight” rating and set a $140.00 target price on shares of Federal Signal in a research note on Thursday, April 30th. DA Davidson raised their target price on Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $139.25.

Federal Signal Price Performance

Shares of NYSE:FSS opened at $115.01 on Monday. Federal Signal Corporation has a one year low of $101.18 and a one year high of $134.51. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.84 and a quick ratio of 1.29. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.67 and a beta of 1.23. The firm has a 50 day simple moving average of $116.58 and a 200 day simple moving average of $114.36.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share (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 company had revenue of $625.60 million during the quarter, compared to the consensus estimate of $579.87 million. During the same period in the prior year, the business earned $0.76 earnings per share. The company’s revenue for the quarter 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. Research analysts predict that Federal Signal Corporation will post 4.94 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

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

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.