Norges Bank Invests $98.26 Million in Federal Signal Corporation $FSS

Norges Bank acquired a new position in shares of Federal Signal Corporation (NYSE:FSS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 904,842 shares of the conglomerate’s stock, valued at approximately $98,257,000.

A number of other large investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in Federal Signal by 140.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock valued at $26,000 after purchasing an additional 142 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in 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 valued at $30,000 after purchasing an additional 248 shares during the last quarter. Covestor Ltd lifted its stake in Federal Signal by 118.0% in the 4th quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 151 shares during the last quarter. Danske Bank A S acquired a new stake in Federal Signal in the 3rd quarter valued at about $48,000. Finally, Globeflex Capital L P lifted its stake in Federal Signal by 8,618.2% in the 2nd quarter. Globeflex Capital L P now owns 959 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 948 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Price Performance

Federal Signal stock opened at $106.55 on Friday. Federal Signal Corporation has a 12 month low of $97.25 and a 12 month high of $132.89. The stock’s 50 day moving average is $113.11 and its 200-day moving average is $112.78. 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 company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 1.56 and a beta of 1.26.

Federal Signal (NYSE:FSS) last posted its earnings results on Wednesday, April 29th. The conglomerate reported $1.18 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $579.87 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. The firm’s revenue for the quarter was up 35.0% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. Equities research analysts expect that Federal Signal Corporation will post 4.94 EPS for the current year.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.6%. Federal Signal’s dividend payout ratio is presently 13.64%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FSS shares. KeyCorp reiterated an “overweight” rating and issued a $140.00 target price on shares of Federal Signal in a research note on Thursday, April 30th. CJS Securities upgraded shares of Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 target price for the company in a research note on Thursday, February 26th. Zacks Research upgraded shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. DA Davidson raised 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Federal Signal in a research note on Friday, May 22nd. One equities research 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. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $139.25.

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.