GW&K Investment Management LLC Reduces Stock Position in Federal Signal Corporation $FSS

GW&K Investment Management LLC trimmed its position in Federal Signal Corporation (NYSE:FSS) by 20.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 592,957 shares of the conglomerate’s stock after selling 150,079 shares during the quarter. GW&K Investment Management LLC’s holdings in Federal Signal were worth $70,556,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Archer Investment Corp boosted its position in Federal Signal by 5.7% in the third quarter. Archer Investment Corp now owns 1,842 shares of the conglomerate’s stock valued at $219,000 after buying an additional 99 shares during the last quarter. KLP Kapitalforvaltning AS lifted its stake in Federal Signal by 0.8% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 12,700 shares of the conglomerate’s stock valued at $1,511,000 after acquiring an additional 100 shares during the period. CoreCap Advisors LLC lifted its stake in Federal Signal by 50.0% during the 3rd quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock valued at $36,000 after acquiring an additional 100 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Federal Signal by 10.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,100 shares of the conglomerate’s stock valued at $117,000 after acquiring an additional 100 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Federal Signal by 9.5% in the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the conglomerate’s stock worth $130,000 after acquiring an additional 108 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FSS. Weiss Ratings restated a “buy (b-)” rating on shares of Federal Signal in a research report on Monday, December 29th. CJS Securities raised Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price objective for the company in a report on Thursday, February 26th. Finally, Wall Street Zen downgraded Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.75.

Federal Signal Trading Down 1.1%

FSS stock opened at $116.94 on Thursday. Federal Signal Corporation has a 52-week low of $66.47 and a 52-week high of $132.89. The company has a quick ratio of 1.35, a current ratio of 3.02 and a debt-to-equity ratio of 0.41. The firm has a market cap of $7.12 billion, a P/E ratio of 29.16, a PEG ratio of 1.80 and a beta of 1.32. The company’s 50-day simple moving average is $114.87 and its 200-day simple moving average is $117.00.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Wednesday, February 25th. The conglomerate reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. The company 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 quarter in the prior year, the firm posted $0.87 EPS. Federal Signal has set its FY 2026 guidance at 4.500-4.800 EPS. As a group, equities analysts forecast that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The firm also recently announced 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. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Federal Signal’s previous quarterly dividend of $0.14. Federal Signal’s dividend payout ratio is currently 13.97%.

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.