Van ECK Associates Corp Lowers Stake in Federal Signal Corporation $FSS

Van ECK Associates Corp trimmed its holdings in Federal Signal Corporation (NYSE:FSS) by 7.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 79,392 shares of the conglomerate’s stock after selling 6,714 shares during the period. Van ECK Associates Corp owned 0.13% of Federal Signal worth $10,201,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Archer Investment Corp bought a new position in shares of Federal Signal during the 2nd quarter worth approximately $169,000. Empowered Funds LLC acquired a new position in Federal Signal during the second quarter worth $3,862,000. United Capital Financial Advisors LLC acquired a new position in Federal Signal during the second quarter worth $4,696,000. Dearborn Partners LLC acquired a new stake in shares of Federal Signal in the 2nd quarter valued at $366,000. Finally, Grandeur Peak Global Advisors LLC acquired a new stake in shares of Federal Signal in the 2nd quarter valued at $5,623,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Stock Down 2.9%

FSS opened at $113.60 on Wednesday. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30. Federal Signal Corporation has a 1-year low of $101.18 and a 1-year high of $134.51. The company has a market capitalization of $6.93 billion, a PE ratio of 24.48, a PEG ratio of 1.60 and a beta of 1.23. The firm’s 50 day simple moving average is $122.48 and its two-hundred day simple moving average is $116.42.

Federal Signal (NYSE:FSS) last posted its earnings results on Thursday, July 30th. The conglomerate reported $1.42 EPS for the quarter, beating 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 the consensus estimate of $667.04 million. During the same period in the prior year, the company earned $1.17 EPS. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. As a group, equities analysts forecast that Federal Signal Corporation will post 5.23 EPS for the current year.

Federal Signal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders 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 of this dividend was Friday, August 14th. Federal Signal’s dividend payout ratio (DPR) is presently 12.93%.

Insider Activity at Federal Signal

In other news, VP Diane Bonina sold 14,856 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $130.44, for a total value of $1,937,816.64. Following the sale, the vice president directly owned 15,689 shares in the company, valued at $2,046,473.16. The trade was a 48.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on FSS. Weiss Ratings raised Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Wall Street Zen cut Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Zacks Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Finally, Citigroup initiated coverage on Federal Signal in a research report on Monday, August 17th. They set a “buy” rating and a $150.00 price target for the company. One 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’s stock. According to MarketBeat, Federal Signal currently has an average rating of “Moderate Buy” and an average target price 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.