GW&K Investment Management LLC Lowers Holdings in Federal Signal Corporation $FSS

GW&K Investment Management LLC lowered its position in shares of Federal Signal Corporation (NYSE:FSS) by 20.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 592,957 shares of the conglomerate’s stock after selling 150,079 shares during the period. GW&K Investment Management LLC owned about 0.98% of Federal Signal worth $70,556,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Archer Investment Corp increased its position in Federal Signal by 5.7% during the 3rd quarter. Archer Investment Corp now owns 1,842 shares of the conglomerate’s stock valued at $219,000 after purchasing an additional 99 shares during the period. KLP Kapitalforvaltning AS lifted its position in shares of Federal Signal by 0.8% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 12,700 shares of the conglomerate’s stock worth $1,511,000 after purchasing an additional 100 shares during the period. CoreCap Advisors LLC boosted its stake in shares of Federal Signal by 50.0% during the third quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Federal Signal by 10.0% during the second quarter. Canada Pension Plan Investment Board now owns 1,100 shares of the conglomerate’s stock valued at $117,000 after buying an additional 100 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Federal Signal by 9.5% during the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the conglomerate’s stock valued at $130,000 after buying an additional 108 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Trading Down 1.1%

Shares of NYSE:FSS opened at $116.94 on Thursday. The business’s 50-day moving average is $114.87 and its 200 day moving average is $117.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.02 and a quick ratio of 1.35. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $132.89. The firm has a market capitalization of $7.12 billion, a P/E ratio of 29.16, a P/E/G ratio of 1.80 and a beta of 1.32.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results 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. The business had revenue of $597.10 million during the quarter, compared to the consensus estimate of $551.36 million. Federal Signal had a return on equity of 20.14% and a net margin of 11.31%.The company’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter last year, the company earned $0.87 earnings per share. Federal Signal has set its FY 2026 guidance at 4.500-4.800 EPS. On average, research analysts predict that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, March 13th. This is an increase from Federal Signal’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. Federal Signal’s payout ratio is presently 13.97%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FSS. CJS Securities raised Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 target price on the stock in a research report on Thursday, February 26th. Wall Street Zen cut Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Federal Signal in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Federal Signal has an average rating of “Moderate Buy” and an average target price of $126.75.

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.