VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $500,000 Investment in Federal Signal Corporation $FSS

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Federal Signal Corporation (NYSE:FSS) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 4,600 shares of the conglomerate’s stock, valued at approximately $500,000.

A number of other hedge funds have also made changes to their positions in the company. Archer Investment Corp raised its stake in shares of Federal Signal by 5.7% during the 3rd quarter. Archer Investment Corp now owns 1,842 shares of the conglomerate’s stock worth $219,000 after buying an additional 99 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in Federal Signal by 10.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,100 shares of the conglomerate’s stock valued at $117,000 after acquiring an additional 100 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Federal Signal by 9.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the conglomerate’s stock valued at $130,000 after acquiring an additional 108 shares during the last quarter. Amalgamated Bank increased its holdings in Federal Signal by 0.8% during the 3rd quarter. Amalgamated Bank now owns 17,478 shares of the conglomerate’s stock valued at $2,080,000 after acquiring an additional 136 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Federal Signal by 140.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock valued at $26,000 after acquiring an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

FSS has been the topic of several recent research reports. Zacks Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. KeyCorp restated an “overweight” rating and set a $140.00 price objective on shares of Federal Signal in a research report on Thursday, April 30th. CJS Securities raised Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 target price on the stock in a research note on Thursday, February 26th. DA Davidson raised their price target on Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Federal Signal currently has a consensus rating of “Buy” and an average price target of $139.25.

Federal Signal Stock Performance

Shares of Federal Signal stock opened at $112.61 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 2.84. The firm’s 50-day simple moving average is $112.40 and its 200-day simple moving average is $113.12. Federal Signal Corporation has a 1 year low of $91.48 and a 1 year high of $132.89. The firm has a market cap of $6.87 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32.

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

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.15 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.60 annualized dividend and a yield of 0.5%. Federal Signal’s payout ratio is 13.64%.

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.