Paradigm Capital Management Inc. NY Acquires New Position in Federal Signal Corporation $FSS

Paradigm Capital Management Inc. NY bought a new position in Federal Signal Corporation (NYSE:FSS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 70,000 shares of the conglomerate’s stock, valued at approximately $8,994,000. Paradigm Capital Management Inc. NY owned about 0.11% of Federal Signal at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Federal Signal by 140.6% during the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock valued at $26,000 after acquiring an additional 142 shares during the last quarter. Palladiem LLC bought a new stake in shares of Federal Signal in the 4th quarter worth approximately $27,000. Physician Wealth Advisors Inc. lifted its holdings in shares of Federal Signal by 57.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 91 shares during the last quarter. Covestor Ltd boosted its stake in shares of Federal Signal by 118.0% in the 4th quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 151 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings 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 last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Insider Buying and Selling

In other news, VP Diane Bonina sold 14,856 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $130.44, for a total transaction of $1,937,816.64. Following the completion of the transaction, the vice president directly owned 15,689 shares in the company, valued at $2,046,473.16. This trade represents a 48.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is owned by insiders.

Federal Signal Trading Down 2.1%

Shares of FSS opened at $119.88 on Tuesday. The stock has a market capitalization of $7.32 billion, a P/E ratio of 25.84, a PEG ratio of 1.67 and a beta of 1.24. Federal Signal Corporation has a twelve month low of $101.18 and a twelve month high of $134.51. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $122.24 and a two-hundred day simple moving average of $116.31.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Thursday, July 30th. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.13. The firm had revenue of $670.20 million for the quarter, compared to analysts’ expectations of $667.04 million. Federal Signal had a net margin of 11.66% and a return on equity of 21.36%. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 earnings per share. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. On average, research analysts anticipate that Federal Signal Corporation will post 5.23 EPS for the current year.

Federal Signal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Friday, August 14th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. Federal Signal’s payout ratio is currently 12.93%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FSS. Citigroup assumed coverage on shares of Federal Signal in a research report on Monday, August 17th. They issued a “buy” rating and a $150.00 target price on the stock. DA Davidson raised their price objective on Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Weiss Ratings upgraded Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Wall Street Zen downgraded Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Zacks Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.50.

Federal Signal Company 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.