JPMorgan Chase & Co. Sells 53,470 Shares of Federal Signal Corporation $FSS

JPMorgan Chase & Co. cut its position in Federal Signal Corporation (NYSE:FSS) by 23.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 169,884 shares of the conglomerate’s stock after selling 53,470 shares during the quarter. JPMorgan Chase & Co.’s holdings in Federal Signal were worth $20,215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of FSS. Tudor Investment Corp ET AL grew its position in shares of Federal Signal by 200.0% in 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 during the last quarter. CW Advisors LLC bought a new position in shares of Federal Signal in the second quarter worth about $6,426,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Federal Signal during the 3rd quarter worth about $3,745,000. Dynamic Technology Lab Private Ltd bought a new stake in Federal Signal during the 3rd quarter valued at approximately $2,124,000. Finally, EULAV Asset Management boosted its stake in Federal Signal by 8.7% during the 3rd quarter. EULAV Asset Management now owns 261,883 shares of the conglomerate’s stock valued at $31,161,000 after purchasing an additional 21,000 shares during the period. Institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Up 3.4%

NYSE FSS opened at $112.25 on Wednesday. The company has a current ratio of 3.02, a quick ratio of 1.35 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average is $113.39 and its two-hundred day moving average is $115.24. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 1.64 and a beta of 1.32. Federal Signal Corporation has a 1-year low of $66.47 and a 1-year high of $132.89.

Federal Signal (NYSE:FSS) last issued its earnings results on Wednesday, February 25th. The conglomerate reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. The business had revenue of $597.10 million during the quarter, compared to analysts’ expectations of $551.36 million. Federal Signal had a return on equity of 20.14% and a net margin of 11.31%.Federal Signal’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. Federal Signal has set its FY 2026 guidance at 4.500-4.800 EPS. Equities analysts forecast 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. Shareholders of record on Friday, March 13th will be paid a dividend of $0.15 per share. This is an increase from Federal Signal’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, March 13th. Federal Signal’s dividend payout ratio is currently 14.96%.

Analysts Set New Price Targets

FSS has been the topic of several research analyst reports. Wall Street Zen downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Federal Signal in a research report on Monday, December 29th. CJS Securities upgraded shares of Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 target price for the company in a research note on Thursday, February 26th. Finally, KeyCorp upgraded Federal Signal from a “sector weight” rating to an “overweight” rating and set a $130.00 price objective for the company in a research report on Tuesday, March 10th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Federal Signal presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.75.

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.