Comerica Bank Sells 6,546 Shares of Federal Signal Corporation $FSS

Comerica Bank decreased its position in shares of Federal Signal Corporation (NYSE:FSS) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,577 shares of the conglomerate’s stock after selling 6,546 shares during the period. Comerica Bank owned 0.17% of Federal Signal worth $11,465,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FSS. Royal Bank of Canada raised its stake in Federal Signal by 3.5% during the 1st quarter. Royal Bank of Canada now owns 93,618 shares of the conglomerate’s stock worth $6,886,000 after acquiring an additional 3,153 shares during the period. AQR Capital Management LLC grew its holdings in Federal Signal by 10.9% during the 1st quarter. AQR Capital Management LLC now owns 35,702 shares of the conglomerate’s stock valued at $2,626,000 after buying an additional 3,520 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Federal Signal by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,822 shares of the conglomerate’s stock valued at $2,635,000 after buying an additional 1,594 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Federal Signal by 15.9% during the 1st quarter. NewEdge Advisors LLC now owns 1,838 shares of the conglomerate’s stock valued at $135,000 after buying an additional 252 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in Federal Signal during the 1st quarter valued at approximately $1,119,000. Institutional investors own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. KeyCorp raised shares of Federal Signal from a “sector weight” rating to an “overweight” rating and set a $130.00 price objective for the company in a report on Tuesday, March 10th. Finally, 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 report on Thursday, February 26th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.75.

Federal Signal Stock Down 3.2%

Shares of FSS opened at $111.96 on Wednesday. The company has a market cap of $6.82 billion, a PE ratio of 27.92, a P/E/G ratio of 1.75 and a beta of 1.33. The business has a fifty day moving average of $112.22 and a 200 day moving average of $113.45. Federal Signal Corporation has a 52-week low of $74.35 and a 52-week high of $132.89. The company has a quick ratio of 1.35, a current ratio of 3.02 and a debt-to-equity ratio of 0.41.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Wednesday, February 25th. The conglomerate reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. The company had revenue of $597.10 million during the quarter, compared to the consensus estimate of $551.36 million. Federal Signal had a return on equity of 20.14% and a net margin of 11.31%.Federal Signal’s revenue was up 26.5% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share. Federal Signal has set its FY 2026 guidance at 4.500-4.800 EPS. On average, sell-side analysts expect that Federal Signal Corporation will post 4.71 EPS for the current year.

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors 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 dividend on an annualized basis and a yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is currently 14.96%.

About Federal Signal

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.