Panagora Asset Management Inc. Acquires 14,202 Shares of Federal Signal Corporation $FSS

Panagora Asset Management Inc. raised its holdings in shares of Federal Signal Corporation (NYSE:FSS) by 6.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 239,636 shares of the conglomerate’s stock after purchasing an additional 14,202 shares during the period. Panagora Asset Management Inc.’s holdings in Federal Signal were worth $26,022,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FSS. Wasatch Advisors LP bought a new position in shares of Federal Signal during the third quarter valued at approximately $174,476,000. Norges Bank bought a new position in shares of Federal Signal during the fourth quarter valued at approximately $98,257,000. Invesco Ltd. increased its stake in shares of Federal Signal by 16.0% during the third quarter. Invesco Ltd. now owns 1,967,348 shares of the conglomerate’s stock valued at $234,095,000 after purchasing an additional 271,878 shares in the last quarter. UBS Group AG increased its stake in shares of Federal Signal by 77.0% during the third quarter. UBS Group AG now owns 609,582 shares of the conglomerate’s stock valued at $72,534,000 after purchasing an additional 265,145 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its stake in shares of Federal Signal by 200.0% during the third quarter. Tudor Investment Corp ET AL now owns 265,308 shares of the conglomerate’s stock valued at $31,569,000 after purchasing an additional 176,870 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FSS shares. KeyCorp reaffirmed 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 shares of Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Zacks Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Weiss Ratings downgraded shares of Federal Signal from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen raised shares of Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $139.25.

Federal Signal Price Performance

Shares of FSS opened at $111.26 on Tuesday. The company has a market capitalization of $6.79 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 1.58 and a beta of 1.26. The company has a quick ratio of 1.29, a current ratio of 2.84 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $113.33 and a 200 day moving average of $112.87. Federal Signal Corporation has a twelve month low of $100.23 and a twelve month high of $132.89.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.29. The company had revenue of $625.60 million during the quarter, compared to the consensus estimate of $579.87 million. Federal Signal had a net margin of 11.56% and a return on equity of 21.18%. The firm’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. As a group, equities research analysts anticipate that Federal Signal Corporation will post 4.94 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

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

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.