First Trust Advisors LP Has $156.38 Million Position in Federal Signal Corporation $FSS

First Trust Advisors LP cut its holdings in Federal Signal Corporation (NYSE:FSS) by 12.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,314,192 shares of the conglomerate’s stock after selling 187,239 shares during the quarter. First Trust Advisors LP’s holdings in Federal Signal were worth $156,376,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in shares of Federal Signal by 3.5% during the 1st quarter. Royal Bank of Canada now owns 93,618 shares of the conglomerate’s stock worth $6,886,000 after purchasing an additional 3,153 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Federal Signal by 10.9% during the 1st quarter. AQR Capital Management LLC now owns 35,702 shares of the conglomerate’s stock valued at $2,626,000 after purchasing an additional 3,520 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Federal Signal by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,822 shares of the conglomerate’s stock valued at $2,635,000 after purchasing an additional 1,594 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Federal Signal by 15.9% in the first quarter. NewEdge Advisors LLC now owns 1,838 shares of the conglomerate’s stock worth $135,000 after purchasing an additional 252 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in Federal Signal in the first quarter worth $1,119,000. 92.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FSS has been the topic of several recent research reports. CJS Securities upgraded Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 target price on the stock in a report on Thursday, February 26th. Wall Street Zen downgraded Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Federal Signal in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Federal Signal currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.75.

Federal Signal Price Performance

NYSE FSS opened at $108.65 on Friday. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $132.89. The company has a fifty day simple moving average of $114.73 and a 200 day simple moving average of $116.79. 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 company has a market cap of $6.62 billion, a P/E ratio of 27.09, a P/E/G ratio of 1.66 and a beta of 1.32.

Federal Signal (NYSE:FSS) last announced its earnings results on Wednesday, February 25th. The conglomerate reported $1.16 EPS for the quarter, topping the consensus estimate of $1.08 by $0.08. The firm had revenue of $597.10 million for the quarter, compared to the consensus estimate of $551.36 million. Federal Signal had a net margin of 11.31% and a return on equity of 20.14%. The business’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 EPS. Federal Signal has set its FY 2026 guidance at 4.500-4.800 EPS. On average, sell-side analysts predict that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 13th will be paid a $0.15 dividend. The ex-dividend date is Friday, March 13th. This is a boost from Federal Signal’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.6%. Federal Signal’s dividend payout ratio is presently 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.