First Trust Advisors LP Buys 124,270 Shares of Federal Signal Corporation $FSS

First Trust Advisors LP boosted its stake in Federal Signal Corporation (NYSE:FSS) by 12.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,161,865 shares of the conglomerate’s stock after buying an additional 124,270 shares during the quarter. First Trust Advisors LP’s holdings in Federal Signal were worth $125,644,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in shares of Federal Signal by 47.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 88,210 shares of the conglomerate’s stock valued at $9,579,000 after acquiring an additional 28,299 shares in the last quarter. Geode Capital Management LLC grew its holdings in Federal Signal by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 1,725,757 shares of the conglomerate’s stock valued at $187,427,000 after purchasing an additional 18,587 shares during the last quarter. Nordea Investment Management AB bought a new position in shares of Federal Signal in the fourth quarter valued at approximately $8,590,000. Fort Washington Investment Advisors Inc. OH raised its position in shares of Federal Signal by 76.7% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 247,531 shares of the conglomerate’s stock valued at $26,879,000 after purchasing an additional 107,474 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG lifted its stake in shares of Federal Signal by 60.5% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 30,772 shares of the conglomerate’s stock worth $3,342,000 after buying an additional 11,605 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Federal Signal Trading Up 0.7%

Shares of Federal Signal stock opened at $117.79 on Friday. The company has a quick ratio of 1.29, a current ratio of 2.84 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $7.19 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 1.69 and a beta of 1.23. Federal Signal Corporation has a 12-month low of $101.18 and a 12-month high of $134.51. The company has a 50-day simple moving average of $116.25 and a 200 day simple moving average of $114.70.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data 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 firm had revenue of $625.60 million during the quarter, compared to analysts’ expectations of $579.87 million. Federal Signal had a net margin of 11.56% and a return on equity of 21.18%. Federal Signal’s revenue was up 35.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 EPS. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. Research analysts expect that Federal Signal Corporation will post 4.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. KeyCorp reaffirmed an “overweight” rating and set a $140.00 price objective on shares of Federal Signal in a report on Thursday, April 30th. Wall Street Zen raised shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Zacks Research raised Federal Signal from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Finally, DA Davidson lifted their price objective on Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Federal Signal has a consensus rating of “Buy” and a consensus target price of $139.25.

Federal Signal Company 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.