California Public Employees Retirement System Has $12.92 Million Stock Holdings in Federal Signal Corporation $FSS

California Public Employees Retirement System increased its holdings in shares of Federal Signal Corporation (NYSE:FSS) by 4.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,471 shares of the conglomerate’s stock after purchasing an additional 5,053 shares during the quarter. California Public Employees Retirement System’s holdings in Federal Signal were worth $12,920,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Physician Wealth Advisors Inc. boosted its position in shares of Federal Signal by 57.2% in the first quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 91 shares during the period. New Age Alpha Advisors LLC grew its holdings in Federal Signal by 3.4% during the 4th quarter. New Age Alpha Advisors LLC now owns 2,895 shares of the conglomerate’s stock worth $314,000 after acquiring an additional 95 shares during the period. Canada Pension Plan Investment Board increased its stake in Federal Signal by 10.0% in the second quarter. Canada Pension Plan Investment Board now owns 1,100 shares of the conglomerate’s stock valued at $117,000 after purchasing an additional 100 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Federal Signal by 9.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the conglomerate’s stock valued at $130,000 after purchasing an additional 108 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Federal Signal by 50.5% during the fourth quarter. UMB Bank n.a. now owns 331 shares of the conglomerate’s stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Stock Performance

Shares of Federal Signal stock opened at $118.67 on Friday. The firm has a market capitalization of $7.24 billion, a P/E ratio of 26.97, a P/E/G ratio of 1.70 and a beta of 1.23. Federal Signal Corporation has a 52 week low of $101.18 and a 52 week high of $134.51. The firm’s 50 day moving average is $116.40 and its two-hundred day moving average is $114.73. The company has a quick ratio of 1.29, a current ratio of 2.84 and a debt-to-equity ratio of 0.38.

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

Analysts Set New Price Targets

FSS has been the topic of a number of research reports. Zacks Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. DA Davidson increased their target price on Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of 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 report on Tuesday, June 23rd. Finally, KeyCorp reissued an “overweight” rating and issued a $140.00 target price on shares of Federal Signal in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $139.25.

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.