Strs Ohio Sells 6,900 Shares of Federal Signal Corporation $FSS

Strs Ohio trimmed its position in Federal Signal Corporation (NYSE:FSS) by 54.8% in the 1st quarter, HoldingsChannel reports. The fund owned 5,700 shares of the conglomerate’s stock after selling 6,900 shares during the quarter. Strs Ohio’s holdings in Federal Signal were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in 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 acquiring an additional 142 shares during the period. Palladiem LLC bought a new position in shares of Federal Signal in the fourth quarter worth approximately $27,000. Physician Wealth Advisors Inc. increased its stake in shares of Federal Signal by 57.2% in 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 increased its stake in shares of Federal Signal by 118.0% in 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 raised its position in shares of Federal Signal by 3,100.0% during the 3rd 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. Institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Down 1.9%

Shares of FSS stock opened at $116.85 on Friday. The company’s fifty day simple moving average is $116.71 and its two-hundred day simple moving average is $114.34. Federal Signal Corporation has a 52 week low of $101.18 and a 52 week high of $134.51. The stock has a market cap of $7.13 billion, a P/E ratio of 26.56, a PEG ratio of 1.72 and a beta of 1.23. The company has a quick ratio of 1.29, a current ratio of 2.84 and a debt-to-equity ratio of 0.38.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share 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 firm had revenue of $625.60 million during the quarter, compared to analyst estimates of $579.87 million. During the same quarter last year, the business posted $0.76 earnings per share. The business’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. Analysts predict that Federal Signal Corporation will post 4.94 EPS for the current fiscal year.

Federal Signal Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FSS shares. Weiss Ratings upgraded shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Zacks Research upgraded Federal Signal from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. DA Davidson raised their price target on Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, May 1st. KeyCorp restated an “overweight” rating and issued a $140.00 price objective on shares of Federal Signal in a research report on Thursday, April 30th. Finally, Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a research note 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 given a Hold rating to the company. According to data from MarketBeat, Federal Signal currently has a consensus 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.