Wasatch Advisors LP Sells 141,172 Shares of Federal Signal Corporation $FSS

Wasatch Advisors LP cut its holdings in shares of Federal Signal Corporation (NYSE:FSS) by 9.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,365,316 shares of the conglomerate’s stock after selling 141,172 shares during the quarter. Wasatch Advisors LP’s holdings in Federal Signal were worth $175,429,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FSS. EverSource Wealth Advisors LLC boosted its holdings in Federal Signal by 140.6% in 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 in the last quarter. Palladiem LLC purchased a new position in Federal Signal during the 4th quarter valued at $27,000. Physician Wealth Advisors Inc. raised its holdings in 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 purchasing an additional 91 shares in the last quarter. Covestor Ltd raised its holdings in Federal Signal by 118.0% in the 4th 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 lifted its position in shares of Federal Signal by 3,100.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 248 shares during the period. Institutional investors own 92.73% of the company’s stock.

Federal Signal Price Performance

FSS opened at $128.22 on Wednesday. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 1.73 and a beta of 1.24. The stock has a fifty day simple moving average of $119.64 and a two-hundred day simple moving average of $115.54. Federal Signal Corporation has a 12-month low of $101.18 and a 12-month high of $134.51.

Federal Signal (NYSE:FSS) last announced its earnings results on Thursday, July 30th. The conglomerate reported $1.42 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 quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.17 EPS. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. Research analysts predict that Federal Signal Corporation will post 5.23 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The firm 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. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 14th. Federal Signal’s dividend payout ratio (DPR) is 12.93%.

Insider Buying and Selling

In related news, VP Diane Bonina sold 14,856 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $130.44, for a total transaction of $1,937,816.64. Following the sale, the vice president owned 15,689 shares of the company’s stock, valued at $2,046,473.16. The trade was a 48.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FSS has been the topic of a number of research reports. DA Davidson lifted 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. Weiss Ratings raised 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 shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Wall Street Zen cut Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, KeyCorp reaffirmed an “overweight” rating and set a $140.00 price objective on shares of Federal Signal in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Federal Signal presently has an average rating of “Buy” and an average target price of $137.33.

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.