Landscape Capital Management L.L.C. Takes Position in Federal Signal Corporation $FSS

Landscape Capital Management L.L.C. acquired a new position in shares of Federal Signal Corporation (NYSE:FSS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,224 shares of the conglomerate’s stock, valued at approximately $1,314,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Federal Signal during the 2nd quarter valued at about $1,236,004,000. Wasatch Advisors LP acquired a new position in Federal Signal in the third quarter worth about $174,476,000. Norges Bank acquired a new position in Federal Signal in the fourth quarter worth about $98,257,000. Vaughan Nelson Investment Management L.P. bought a new position in Federal Signal during the first quarter worth about $57,749,000. Finally, Bank of New York Mellon Corp bought a new position in Federal Signal during the second quarter worth about $53,055,000. 92.73% of the stock is owned by institutional investors.

Federal Signal Trading Up 0.3%

Shares of FSS stock opened at $122.35 on Friday. The company has a market capitalization of $7.47 billion, a P/E ratio of 26.37, a P/E/G ratio of 1.67 and a beta of 1.24. Federal Signal Corporation has a 12-month low of $101.18 and a 12-month high of $134.51. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $122.07 and a 200 day moving average price of $116.21.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Thursday, July 30th. The conglomerate reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.13. The firm had revenue of $670.20 million for the quarter, compared to analysts’ expectations of $667.04 million. Federal Signal had a net margin of 11.66% and a return on equity of 21.36%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 earnings per share. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. Research analysts forecast that Federal Signal Corporation will post 5.23 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Zacks Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. KeyCorp reissued an “overweight” rating and issued a $140.00 target price on shares of Federal Signal in a report on Thursday, April 30th. DA Davidson raised their target price on Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Weiss Ratings raised Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Finally, Citigroup assumed coverage on Federal Signal in a research report on Monday, August 17th. They issued a “buy” rating and a $150.00 price target on the stock. 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $140.50.

Insider Buying and Selling

In related news, VP Diane Bonina sold 14,856 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $130.44, for a total transaction 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. This represents a 48.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is currently owned by company insiders.

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.