Congress Asset Management Co. Buys 38,660 Shares of Federal Signal Corporation $FSS

Congress Asset Management Co. grew its stake in shares of Federal Signal Corporation (NYSE:FSS) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 551,556 shares of the conglomerate’s stock after acquiring an additional 38,660 shares during the period. Congress Asset Management Co. owned 0.91% of Federal Signal worth $59,893,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in shares of Federal Signal by 0.4% in the second quarter. State Street Corp now owns 2,266,523 shares of the conglomerate’s stock valued at $241,203,000 after purchasing an additional 7,982 shares during the last quarter. Invesco Ltd. lifted its holdings in Federal Signal by 16.0% during the 3rd quarter. Invesco Ltd. now owns 1,967,348 shares of the conglomerate’s stock worth $234,095,000 after purchasing an additional 271,878 shares during the last quarter. First Trust Advisors LP lifted its holdings in Federal Signal by 49.6% during the 2nd quarter. First Trust Advisors LP now owns 1,501,431 shares of the conglomerate’s stock worth $159,782,000 after purchasing an additional 497,652 shares during the last quarter. Wasatch Advisors LP bought a new stake in Federal Signal in the 3rd quarter valued at $174,476,000. Finally, Allianz Asset Management GmbH bought a new stake in Federal Signal in the 3rd quarter valued at $108,884,000. Institutional investors own 92.73% of the company’s stock.

Analyst Ratings Changes

FSS has been the topic of several recent research reports. CJS Securities upgraded Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price objective on the stock in a research report on Thursday, February 26th. KeyCorp raised shares of Federal Signal from a “sector weight” rating to an “overweight” rating and set a $130.00 target price for the company in a research report on Tuesday, March 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Federal Signal in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $131.75.

Federal Signal Trading Up 2.8%

Shares of NYSE:FSS opened at $108.57 on Tuesday. The company has a market capitalization of $6.61 billion, a P/E ratio of 27.07, a P/E/G ratio of 1.60 and a beta of 1.32. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $132.89. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.02 and a quick ratio of 1.35. The business’s 50 day simple moving average is $113.49 and its 200 day simple moving average is $115.32.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Wednesday, February 25th. The conglomerate reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. The firm had revenue of $597.10 million for the quarter, compared to analyst estimates of $551.36 million. Federal Signal had a return on equity of 20.14% and a net margin of 11.31%.The company’s revenue was up 26.5% on a year-over-year basis. During the same quarter last year, the company earned $0.87 EPS. Federal Signal has set its FY 2026 guidance at 4.500-4.800 EPS. On average, research analysts anticipate that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Friday, March 13th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.6%. This is a boost from Federal Signal’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, March 13th. Federal Signal’s payout ratio is presently 14.96%.

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.