Royal Bank of Canada Has $7.69 Million Stock Holdings in Federal Signal Corporation $FSS

Royal Bank of Canada decreased its position in Federal Signal Corporation (NYSE:FSS) by 8.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,117 shares of the conglomerate’s stock after selling 6,555 shares during the quarter. Royal Bank of Canada owned approximately 0.12% of Federal Signal worth $7,691,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FSS. AQR Capital Management LLC boosted its holdings in shares of Federal Signal by 10.9% during the 1st quarter. AQR Capital Management LLC now owns 35,702 shares of the conglomerate’s stock worth $2,626,000 after buying an additional 3,520 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Federal Signal by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,822 shares of the conglomerate’s stock worth $2,635,000 after acquiring an additional 1,594 shares during the period. NewEdge Advisors LLC lifted its position in Federal Signal by 15.9% during the 1st quarter. NewEdge Advisors LLC now owns 1,838 shares of the conglomerate’s stock worth $135,000 after acquiring an additional 252 shares during the last quarter. Empowered Funds LLC acquired a new position in Federal Signal during the 1st quarter worth $1,119,000. Finally, Cetera Investment Advisers boosted its holdings in Federal Signal by 11.3% during the second quarter. Cetera Investment Advisers now owns 5,215 shares of the conglomerate’s stock valued at $555,000 after acquiring an additional 530 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Diane Bonina sold 14,856 shares of the 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 completion of the transaction, the vice president owned 15,689 shares of the company’s stock, valued at $2,046,473.16. This represents a 48.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.30% of the stock is currently owned by insiders.

Federal Signal Stock Down 1.4%

Shares of FSS stock opened at $126.46 on Tuesday. Federal Signal Corporation has a one year low of $101.18 and a one year high of $134.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.74 and a quick ratio of 1.21. The stock has a fifty day moving average price of $119.21 and a 200 day moving average price of $115.45. The stock has a market cap of $7.72 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 1.75 and a beta of 1.24.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Thursday, July 30th. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.13. Federal Signal had a net margin of 11.66% and a return on equity of 21.36%. The firm had revenue of $670.20 million for the quarter, compared to analyst estimates of $667.04 million. During the same quarter in the previous year, the firm posted $1.17 EPS. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. Analysts predict that Federal Signal Corporation will post 5.23 earnings per share for the current year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Friday, August 14th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. Federal Signal’s payout ratio is presently 12.93%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wall Street Zen downgraded Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. DA Davidson boosted their price objective on Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Zacks Research upgraded Federal Signal from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Weiss Ratings raised Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $140.00 price target on shares of Federal Signal in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Federal Signal currently has a consensus rating of “Buy” and an average target price of $137.33.

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.