18,181 Shares in Federal Signal Corporation $FSS Bought by OP Asset Management Ltd

OP Asset Management Ltd acquired a new position in shares of Federal Signal Corporation (NYSE:FSS) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,181 shares of the conglomerate’s stock, valued at approximately $1,966,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wasatch Advisors LP acquired a new stake in shares of Federal Signal in the third quarter valued at about $174,476,000. Norges Bank purchased a new position in Federal Signal in the 4th quarter valued at about $98,257,000. Vaughan Nelson Investment Management L.P. purchased a new position in Federal Signal in the 1st quarter valued at about $57,749,000. Invesco Ltd. boosted its holdings in Federal Signal by 16.0% in the 3rd quarter. Invesco Ltd. now owns 1,967,348 shares of the conglomerate’s stock worth $234,095,000 after buying an additional 271,878 shares during the last quarter. Finally, UBS Group AG boosted its holdings in Federal Signal by 77.0% in the 3rd quarter. UBS Group AG now owns 609,582 shares of the conglomerate’s stock worth $72,534,000 after buying an additional 265,145 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on FSS shares. Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings raised Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. DA Davidson increased 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. Zacks Research raised Federal Signal from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Finally, KeyCorp restated an “overweight” rating and issued a $140.00 price objective on shares of Federal Signal in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $139.25.

Federal Signal Stock Up 0.2%

FSS stock opened at $125.61 on Monday. The company has a current ratio of 2.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average of $114.44 and a two-hundred day moving average of $113.33. Federal Signal Corporation has a 12 month low of $101.18 and a 12 month high of $132.89. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 1.81 and a beta of 1.26.

Federal Signal (NYSE:FSS) last issued its earnings results on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.29. The business had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $579.87 million. Federal Signal had a return on equity of 21.18% and a net margin of 11.56%.The business’s revenue for the quarter was up 35.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. As a group, analysts forecast that Federal Signal Corporation will post 4.94 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, May 15th. Federal Signal’s dividend payout ratio is presently 13.64%.

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.