339,342 Shares in Federal Signal Corporation $FSS Bought by Jupiter Topco LLC

Jupiter Topco LLC acquired a new stake in shares of Federal Signal Corporation (NYSE:FSS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 339,342 shares of the conglomerate’s stock, valued at approximately $43,562,000. Jupiter Topco LLC owned about 0.56% of Federal Signal at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FSS. BlackRock Inc. purchased a new stake in shares of Federal Signal during the 2nd quarter worth about $1,236,004,000. Wasatch Advisors LP bought a new stake in shares of Federal Signal in the 3rd quarter valued at approximately $174,476,000. Norges Bank bought a new stake in shares of Federal Signal in the 4th quarter valued at approximately $98,257,000. Vaughan Nelson Investment Management L.P. acquired a new position in Federal Signal in the first quarter worth approximately $57,749,000. Finally, Bank of New York Mellon Corp acquired a new position in Federal Signal in the second quarter worth approximately $53,055,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Analysts Set New Price Targets

FSS has been the subject of a number of analyst reports. Citigroup started coverage on shares of Federal Signal in a research note on Monday, August 17th. They issued a “buy” rating and a $150.00 target price for the company. Weiss Ratings upgraded shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Wall Street Zen downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. DA Davidson lifted their price objective 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, KeyCorp reiterated an “overweight” rating and issued a $140.00 price objective on shares of Federal Signal in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.50.

Federal Signal Stock Down 1.2%

Shares of FSS stock opened at $120.08 on Friday. The stock’s 50 day simple moving average is $122.58 and its 200 day simple moving average is $116.46. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.21 and a current ratio of 2.74. Federal Signal Corporation has a twelve month low of $101.18 and a twelve month high of $134.51. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 1.66 and a beta of 1.24.

Federal Signal (NYSE:FSS) last announced its earnings results on Thursday, July 30th. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. Federal Signal had a return on equity of 21.36% and a net margin of 11.66%.The firm had revenue of $670.20 million during the quarter, compared to analysts’ expectations of $667.04 million. During the same quarter in the prior year, the business earned $1.17 earnings per share. The company’s revenue was up 18.7% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. As a group, research analysts predict that Federal Signal Corporation will post 5.23 EPS for the current year.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Friday, August 14th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 14th. Federal Signal’s payout ratio is presently 12.93%.

Insider Activity

In related news, VP Diane Bonina sold 14,856 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $130.44, for a total transaction of $1,937,816.64. Following the completion of the sale, the vice president directly owned 15,689 shares of the company’s stock, valued at approximately $2,046,473.16. This represents a 48.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

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.