FEDERAL SIGNAL CORP FSS
COM · Common Stock · CUSIP 313855108
U.S. company specializing in emergency lighting, sirens, industrial equipment, and public safety equipment
- SectorConsumer discretionary
- IndustryMotor Vehicles & Passenger Car Bodies
- HeadquartersDowners Grove, IL
- Founded1901
- Websitefederalsignal.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($12.4m this quarter). Holder counts are more reliable. Shares outstanding: 61.1m as of 2024-06-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $83.68. Options: 4 managers hold calls ($618.8k notional), 3 hold puts ($594.1k).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 230 |
| Q4 2022 | 258 |
| Q1 2023 | 247 |
| Q2 2023 | 270 |
| Q3 2023 | 275 |
| Q4 2023 | 303 |
| Q1 2024 | 349 |
| Q2 2024 | 362 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 136 | 98 |
| Q1 2023 | 102 | 149 |
| Q2 2023 | 117 | 126 |
| Q3 2023 | 118 | 135 |
| Q4 2023 | 136 | 129 |
| Q1 2024 | 175 | 135 |
| Q2 2024 | 186 | 146 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $327.5k | $107.5k | 0.33 |
| Q4 2023 | $2.2m | $291.6k | 0.13 |
| Q1 2024 | $1.0m | $491.9k | 0.49 |
| Q2 2024 | $618.8k | $594.1k | 0.96 |
Biggest buyers
| VANGUARD GROUP INC | Added | +305.4k |
| NEUBERGER BERMAN GROUP LLC | Added | +253.1k |
| Capital International Investors | New | +195.6k |
| MILLENNIUM MANAGEMENT LLC | Added | +195.0k |
| FIRST TRUST ADVISORS LP | Added | +155.8k |
| Driehaus Capital Management LLC | Added | +153.8k |
| PineStone Asset Management Inc. | New | +143.2k |
| F/m Investments LLC | New | +132.2k |
| NORGES BANK | Added | +117.6k |
| RENAISSANCE TECHNOLOGIES LLC | New | +92.2k |
Biggest sellers
| MORGAN STANLEY | Reduced | -1.4m |
| FMR LLC | Reduced | -640.4k |
| MACQUARIE GROUP LTD | Reduced | -480.0k |
| T. Rowe Price Investment Management, Inc. | Reduced | -393.4k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | Reduced | -161.3k |
| Assenagon Asset Management S.A. | Reduced | -135.6k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | Sold out | -132.0k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -71.9k |
| JPMORGAN CHASE & CO | Reduced | -59.0k |
| Squarepoint Ops LLC | Sold out | -56.8k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $585.7k7.0k shares |
| GROUP ONE TRADING LLC | Unchanged | $25.1k300 shares |
| SIMPLEX TRADING, LLC | Reduced | $8.0k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $368.1k4.4k shares |
| CITADEL ADVISORS LLC | Added | $225.9k2.7k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-07-18 | 14.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $2.1m | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 2 | $3.8m | — |
| Q3 2023 | 0 | — | 1 | $3.1m | — |
| Q4 2023 | 0 | — | 1 | $4.0m | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.02% of their portfolio | 9.3m $776.6m | Added +8.3k |
| VANGUARD GROUP INC 0.01% of their portfolio | 7.1m $593.4m | Added +305.4k |
| MACQUARIE GROUP LTD 0.23% of their portfolio | 2.4m $198.9m | Reduced -480.0k |
| STATE STREET CORP 0.01% of their portfolio | 2.3m $189.8m | Added +4.9k |
| T. Rowe Price Investment Management, Inc. 0.09% of their portfolio | 1.8m $148.7m | Reduced -393.4k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 1.7m $139.1m | Reduced -71.9k |
| Invesco Ltd. 0.03% of their portfolio | 1.6m $131.2m | Added +62.9k |
| FMR LLC 0.01% of their portfolio | 1.5m $129.1m | Reduced -640.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.4m $114.0m | Added +52.5k |
| Conestoga Capital Advisors, LLC 1.70% of their portfolio | 1.4m $113.3m | Added +2.3k |
| Van Berkom & Associates Inc. 3.00% of their portfolio | 1.2m $100.6m | Reduced -22.5k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.57% of their portfolio | 995.4k $83.3m | Reduced -161.3k |
| NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio | 938.8k $78.6m | Added +253.1k |
| Driehaus Capital Management LLC 0.74% of their portfolio | 912.4k $76.3m | Added +153.8k |
| NORGES BANK 0.01% of their portfolio | 847.9k $70.9m | Added +117.6k |
| GW&K Investment Management, LLC 0.59% of their portfolio | 777.1k $65.0m | Added +13.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 737.5k $61.7m | Added +46.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 735.3k $61.5m | Added +583 |
| MORGAN STANLEY 0.00% of their portfolio | 669.3k $56.0m | Reduced -1.4m |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 648.2k $54.2m | Added +51.0k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 624.7k $52.3m | Reduced -23.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 624.1k $52.2m | Added +89.5k |
| Global Alpha Capital Management Ltd. 3.62% of their portfolio | 593.5k $49.7m | Reduced -23.4k |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 591.4k $49.5m | Added +155.8k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 524.9k $43.9m | Added +11.7k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 503.8k $42.2m | Reduced -43.2k |
| NEUMEIER POMA INVESTMENT COUNSEL LLC 3.78% of their portfolio | 494.1k $41.3m | Reduced -15.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 471.6k $39.5m | Added +19.8k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 445.8k $37.3m | Added +195.0k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.32% of their portfolio | 413.3k $34.6m | Added +25.0k |
| GAMCO INVESTORS, INC. ET AL 0.37% of their portfolio | 409.8k $34.3m | Reduced -17.1k |
| FRED ALGER MANAGEMENT, LLC 0.14% of their portfolio | 340.4k $28.5m | Added +38.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 334.0k $27.9m | Reduced -59.0k |
| Robeco Schweiz AG 0.53% of their portfolio | 327.1k $27.4m | Reduced -12.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 322.1k $26.9m | Reduced -11.5k |
| EAGLE ASSET MANAGEMENT INC 0.13% of their portfolio | 292.2k $24.1m | Reduced -27.2k |
| UBS Group AG 0.01% of their portfolio | 278.4k $23.3m | Added +171 |
| PANAGORA ASSET MANAGEMENT INC 0.11% of their portfolio | 271.5k $22.7m | Added +34.4k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 261.9k $21.9m | Reduced -10.9k |
| Aperture Investors, LLC 3.11% of their portfolio | 253.7k $21.2m | Added +61.2k |
| Ranger Investment Management, L.P. 1.35% of their portfolio | 237.7k $19.9m | Reduced -3.0k |
| AXIOM INVESTORS LLC /DE 0.17% of their portfolio | 231.9k $19.4m | Added +6.0k |
| Pembroke Management, LTD 2.36% of their portfolio | 209.8k $17.6m | Added +10.3k |
| EULAV Asset Management 0.47% of their portfolio | 208.8k $17.5m | Added +39.8k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 200.4k $16.8m | Added +83.4k |
| Capital International Investors 0.00% of their portfolio | 195.6k $16.4m | New |
| Assenagon Asset Management S.A. 0.04% of their portfolio | 186.5k $15.6m | Reduced -135.6k |
| GABELLI FUNDS LLC 0.12% of their portfolio | 183.7k $15.4m | Reduced -800 |
| Legal & General Group Plc 0.00% of their portfolio | 174.1k $14.6m | Added +526 |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 170.6k $14.3m | Added +1.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 165.3k $13.8m | Added +8.3k |
| RK Capital Management, LLC 3.52% of their portfolio | 156.9k $13.1m | Reduced -34.1k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.80% of their portfolio | 155.3k $13.0m | Added +27.5k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.08% of their portfolio | 153.8k $12.9m | Reduced -16.7k |
| BROWN ADVISORY INC 0.02% of their portfolio | 147.1k $12.3m | Reduced -18.2k |
| TWO SIGMA ADVISERS, LP 0.03% of their portfolio | 147.0k $12.3m | Reduced -1.3k |
| PineStone Asset Management Inc. 0.13% of their portfolio | 143.2k $12.0m | New |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 135.6k $11.3m | Added +6.6k |
| Public Sector Pension Investment Board 0.07% of their portfolio | 134.4k $11.2m | Added +9.5k |
| F/m Investments LLC 0.40% of their portfolio | 132.2k $11.1m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 129.6k $10.8m | Added +52.6k |
| Prospect Capital Advisors, LLC 4.54% of their portfolio | 128.8k $10.8m | Reduced -13.7k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 125.3k $10.5m | Reduced -5.4k |
| COMERICA BANK 0.04% of their portfolio | 124.2k $10.4m | Reduced -2.1k |
| Swiss National Bank 0.01% of their portfolio | 120.2k $10.1m | Unchanged |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 119.9k $10.0m | Added +72.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 111.7k $9.3m | Added +1.7k |
| Homestead Advisers Corp 0.23% of their portfolio | 110.5k $9.2m | Reduced -8.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 109.8k $9.2m | Added +6.8k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 107.2k $9.0m | Reduced -19.3k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 98.8k $8.5m | Added +46.5k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 96.8k $8.1m | Reduced -21.9k |
| Bahl & Gaynor LLC 0.04% of their portfolio | 94.1k $7.9m | Added +3.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 92.2k $7.7m | New |
| RPg Family Wealth Advisory, LLC 2.39% of their portfolio | 86.9k $7.3m | Reduced -175 |
| Trexquant Investment LP 0.10% of their portfolio | 81.4k $6.8m | Added +35.6k |
| Edgestream Partners, L.P. 0.33% of their portfolio | 80.8k $6.8m | Added +37.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 78.4k $6.6m | Reduced -11.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 77.2k $6.5m | Added +48 |
| Lisanti Capital Growth, LLC 1.47% of their portfolio | 73.0k $6.1m | Added +8.9k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 71.1k $5.9m | Reduced -2.8k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 70.4k $5.9m | Reduced -18.2k |
| PARADIGM CAPITAL MANAGEMENT INC/NY 0.27% of their portfolio | 70.0k $5.9m | Reduced -20.0k |
| TD Asset Management Inc 0.01% of their portfolio | 69.2k $5.8m | Added +7.6k |
| Cubist Systematic Strategies, LLC 0.10% of their portfolio | 67.2k $5.6m | Reduced -45.0k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 64.3k $5.4m | Added +9.7k |
| 12th Street Asset Management Company, LLC 0.96% of their portfolio | 62.9k $5.3m | Added +2.5k |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 61.6k $5.2m | Reduced -75 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 61.0k $5.1m | Reduced -140 |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 60.7k $5.1m | Added +8.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 59.5k $5.0m | Reduced -1.3k |
| CITIGROUP INC 0.00% of their portfolio | 59.4k $5.0m | Added +8.9k |
| California Public Employees Retirement System 0.00% of their portfolio | 56.8k $4.8m | Added +14.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 53.8k $4.5m | Reduced -31.7k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.03% of their portfolio | 53.2k $4.5m | Added +4.1k |
| Advisors Asset Management, Inc. 0.09% of their portfolio | 52.2k $4.4m | Added +721 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 51.6k $4.3m | Added +14.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 51.3k $4.3m | Reduced -13.2k |
| Man Group plc 0.01% of their portfolio | 51.0k $4.3m | Added +17.6k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 50.7k $4.2m | Reduced -2.1k |