Federal Signal Corporation $FSS Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC cut its stake in Federal Signal Corporation (NYSE:FSS) by 19.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 176,318 shares of the conglomerate’s stock after selling 41,327 shares during the period. Squarepoint Ops LLC’s holdings in Federal Signal were worth $22,655,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Baird Financial Group Inc. raised its holdings in Federal Signal by 213.8% during the second quarter. Baird Financial Group Inc. now owns 95,021 shares of the conglomerate’s stock worth $12,209,000 after purchasing an additional 64,737 shares in the last quarter. Nykredit A S acquired a new position in shares of Federal Signal during the 2nd quarter valued at $272,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Federal Signal during the 2nd quarter valued at $2,660,000. California State Teachers Retirement System raised its stake in shares of Federal Signal by 13,113.4% in the 2nd quarter. California State Teachers Retirement System now owns 8,824,308 shares of the conglomerate’s stock worth $1,133,835,000 after buying an additional 8,757,525 shares in the last quarter. Finally, Compass Financial Management LLC bought a new stake in shares of Federal Signal in the 2nd quarter worth $51,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Price Performance

NYSE FSS opened at $118.44 on Wednesday. Federal Signal Corporation has a 1 year low of $101.18 and a 1 year high of $134.51. The business’s fifty day moving average is $121.67 and its two-hundred day moving average is $116.37. The stock has a market capitalization of $7.23 billion, a P/E ratio of 25.52, a P/E/G ratio of 1.63 and a beta of 1.23. 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 (NYSE:FSS) last released its quarterly earnings data on Thursday, July 30th. The conglomerate reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.13. The business had revenue of $670.20 million during the quarter, compared to analyst estimates of $667.04 million. Federal Signal had a return on equity of 21.36% and a net margin of 11.66%.The company’s revenue was up 18.7% compared to the same quarter last year. During the same period last year, the company posted $1.17 EPS. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. On average, research analysts forecast that Federal Signal Corporation will post 5.23 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

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

Insider Buying and Selling at Federal Signal

In related news, VP Diane Bonina sold 14,856 shares of Federal Signal stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $130.44, for a total value of $1,937,816.64. Following the transaction, the vice president owned 15,689 shares of the company’s stock, valued at approximately $2,046,473.16. This trade represents a 48.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FSS shares. Citigroup initiated coverage on Federal Signal in a research note on Monday, August 17th. They set 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 report 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. Finally, Zacks Research lowered shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.50.

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.