Citigroup Inc. Sells 28,910 Shares of Federal Signal Corporation $FSS

Citigroup Inc. cut its holdings in Federal Signal Corporation (NYSE:FSS) by 46.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 33,209 shares of the conglomerate’s stock after selling 28,910 shares during the quarter. Citigroup Inc. owned about 0.05% of Federal Signal worth $3,952,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FSS. Archer Investment Corp boosted its holdings in shares of Federal Signal by 5.7% in the third quarter. Archer Investment Corp now owns 1,842 shares of the conglomerate’s stock valued at $219,000 after buying an additional 99 shares during the period. KLP Kapitalforvaltning AS lifted its position in Federal Signal by 0.8% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 12,700 shares of the conglomerate’s stock valued at $1,511,000 after acquiring an additional 100 shares in the last quarter. CoreCap Advisors LLC boosted its stake in Federal Signal by 50.0% in the 3rd quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock worth $36,000 after purchasing an additional 100 shares during the period. Canada Pension Plan Investment Board boosted its stake in Federal Signal by 10.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,100 shares of the conglomerate’s stock worth $117,000 after purchasing an additional 100 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Federal Signal by 9.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the conglomerate’s stock worth $130,000 after purchasing an additional 108 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Stock Down 1.1%

NYSE:FSS opened at $116.94 on Thursday. Federal Signal Corporation has a twelve month low of $66.47 and a twelve month high of $132.89. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 29.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.32. The company has a quick ratio of 1.35, a current ratio of 3.02 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average price is $114.87 and its two-hundred day moving average price is $117.00.

Federal Signal (NYSE:FSS) last released its earnings results on Wednesday, February 25th. The conglomerate reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.08. Federal Signal had a net margin of 11.31% and a return on equity of 20.14%. The business had revenue of $597.10 million during the quarter, compared to analysts’ expectations of $551.36 million. During the same period last year, the business earned $0.87 earnings per share. The firm’s revenue was up 26.5% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 4.500-4.800 EPS. Equities research analysts expect that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Federal Signal’s previous quarterly dividend of $0.14. Federal Signal’s payout ratio is currently 13.97%.

Analyst Ratings Changes

A number of brokerages have recently commented on FSS. Weiss Ratings restated a “buy (b-)” rating on shares of Federal Signal in a report on Monday, December 29th. Wall Street Zen cut Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, CJS Securities raised Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price target for the company in a research report on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $126.75.

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.