GW&K Investment Management LLC Sells 28,295 Shares of Federal Signal Corporation $FSS

GW&K Investment Management LLC cut its holdings in Federal Signal Corporation (NYSE:FSS) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 564,662 shares of the conglomerate’s stock after selling 28,295 shares during the quarter. GW&K Investment Management LLC owned 0.93% of Federal Signal worth $61,317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Federal Signal by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 6,840,396 shares of the conglomerate’s stock valued at $742,799,000 after purchasing an additional 138,855 shares in the last quarter. Capital World Investors grew its holdings in shares of Federal Signal by 4.4% in the fourth quarter. Capital World Investors now owns 2,362,294 shares of the conglomerate’s stock valued at $256,522,000 after purchasing an additional 100,000 shares in the last quarter. State Street Corp boosted its stake in Federal Signal by 0.4% during the second quarter. State Street Corp now owns 2,266,523 shares of the conglomerate’s stock worth $241,203,000 after buying an additional 7,982 shares during the period. Invesco Ltd. boosted its stake in Federal Signal by 16.0% during the third quarter. Invesco Ltd. now owns 1,967,348 shares of the conglomerate’s stock worth $234,095,000 after buying an additional 271,878 shares during the period. Finally, Geode Capital Management LLC boosted its stake 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 worth $187,427,000 after buying an additional 18,587 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FSS has been the subject of several recent analyst reports. Zacks Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. CJS Securities raised shares of Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price objective for the company in a research note on Thursday, February 26th. Weiss Ratings lowered shares of Federal Signal from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. KeyCorp reaffirmed an “overweight” rating and set a $140.00 price objective on shares of Federal Signal in a research note on Thursday, April 30th. Finally, DA Davidson lifted their price objective on shares of Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $139.25.

Federal Signal Trading Up 2.9%

NYSE FSS opened at $110.00 on Wednesday. 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 firm has a market cap of $6.71 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.54 and a beta of 1.26. The company has a 50 day moving average price of $113.14 and a 200 day moving average price of $112.84. Federal Signal Corporation has a 52 week low of $97.25 and a 52 week high of $132.89.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. The business had revenue of $625.60 million for the quarter, compared to analyst estimates of $579.87 million. Federal Signal had a return on equity of 21.18% and a net margin of 11.56%.The company’s revenue was up 35.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. As a group, sell-side analysts forecast that Federal Signal Corporation will post 4.94 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 15th. 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 presently 13.64%.

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.