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 ($24.2m this quarter). Holder counts are more reliable. Shares outstanding: 60.8m as of 2025-06-30, 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 ≈ $106.43. Options: 5 managers hold calls ($4.0m notional), 3 hold puts ($1.6m).
Trends to Q2 2025
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 |
| Q3 2024 | 392 |
| Q4 2024 | 395 |
| Q1 2025 | 390 |
| Q2 2025 | 418 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 118 | 135 |
| Q4 2023 | 136 | 129 |
| Q1 2024 | 175 | 135 |
| Q2 2024 | 186 | 146 |
| Q3 2024 | 191 | 168 |
| Q4 2024 | 171 | 186 |
| Q1 2025 | 178 | 203 |
| Q2 2025 | 222 | 167 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $1.3m | $1.6m | 1.22 |
| Q4 2024 | $110.9k | $351.1k | 3.17 |
| Q1 2025 | $595.8k | $492.8k | 0.83 |
| Q2 2025 | $4.0m | $1.6m | 0.40 |
Biggest buyers
| Capital World Investors | Added | +967.7k |
| FMR LLC | Added | +606.3k |
| FIRST TRUST ADVISORS LP | Added | +497.7k |
| CONGRESS ASSET MANAGEMENT CO | New | +488.1k |
| Greenvale Capital LLP | New | +239.5k |
| ROYAL BANK OF CANADA | Added | +203.7k |
| GW&K Investment Management, LLC | Added | +198.6k |
| NEUBERGER BERMAN GROUP LLC | Added | +189.9k |
| MILLENNIUM MANAGEMENT LLC | Added | +153.9k |
| FRANKLIN RESOURCES INC | Added | +122.6k |
Biggest sellers
| BlackRock, Inc. | Reduced | -461.1k |
| UBS Group AG | Reduced | -388.5k |
| VANGUARD GROUP INC | Reduced | -352.4k |
| ArrowMark Colorado Holdings LLC | Reduced | -315.5k |
| MACQUARIE GROUP LTD | Reduced | -280.4k |
| Invesco Ltd. | Reduced | -252.4k |
| Van Berkom & Associates Inc. | Reduced | -208.7k |
| GOLDMAN SACHS GROUP INC | Reduced | -175.9k |
| Qube Research & Technologies Ltd | Sold out | -159.7k |
| JANE STREET GROUP, LLC | Reduced | -148.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.0m19.2k shares |
| CITADEL ADVISORS LLC | Added | $1.5m14.2k shares |
| WOLVERINE TRADING, LLC | New | $344.7k3.3k shares |
| SIMPLEX TRADING, LLC | New | $85.0k800 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.2m11.2k shares |
| CITADEL ADVISORS LLC | Added | $404.4k3.8k 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 2025
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 2023 | 0 | — | 1 | $3.1m | — |
| Q4 2023 | 0 | — | 1 | $4.0m | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 1 | $2.4m | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 1 | $102.9k | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 8.9m $943.1m | Reduced -461.1k |
| VANGUARD GROUP INC 0.01% of their portfolio | 6.8m $724.7m | Reduced -352.4k |
| STATE STREET CORP 0.01% of their portfolio | 2.3m $241.2m | Added +8.0k |
| Capital World Investors 0.03% of their portfolio | 2.3m $240.8m | Added +967.7k |
| Invesco Ltd. 0.03% of their portfolio | 1.7m $180.4m | Reduced -252.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.7m $180.3m | Added +2.5k |
| FMR LLC 0.01% of their portfolio | 1.7m $176.9m | Added +606.3k |
| NEUBERGER BERMAN GROUP LLC 0.13% of their portfolio | 1.6m $171.0m | Added +189.9k |
| MACQUARIE GROUP LTD 0.20% of their portfolio | 1.5m $164.4m | Reduced -280.4k |
| FIRST TRUST ADVISORS LP 0.13% of their portfolio | 1.5m $159.8m | Added +497.7k |
| Conestoga Capital Advisors, LLC 2.13% of their portfolio | 1.4m $144.0m | Reduced -25.0k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.3m $134.3m | Reduced -50.9k |
| T. Rowe Price Investment Management, Inc. 0.07% of their portfolio | 1.1m $116.5m | Added +8.0k |
| ArrowMark Colorado Holdings LLC 1.61% of their portfolio | 840.4k $89.4m | Reduced -315.5k |
| Van Berkom & Associates Inc. 2.65% of their portfolio | 836.9k $89.1m | Reduced -208.7k |
| NORGES BANK 0.01% of their portfolio | 743.9k $79.2m | Reduced -87.6k |
| GW&K Investment Management, LLC 0.71% of their portfolio | 743.0k $79.1m | Added +198.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 741.5k $78.9m | Reduced -3.1k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 732.3k $77.9m | Added +122.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 728.0k $77.5m | Added +9.8k |
| MORGAN STANLEY 0.00% of their portfolio | 710.3k $75.6m | Added +24.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 704.6k $75.0m | Reduced -175.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 667.7k $71.1m | Reduced -11.4k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 657.0k $69.9m | Added +153.9k |
| Nuveen, LLC 0.02% of their portfolio | 614.6k $65.4m | Reduced -1.4k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.41% of their portfolio | 568.2k $60.5m | Reduced -140.5k |
| Global Alpha Capital Management Ltd. 3.73% of their portfolio | 562.8k $59.9m | Added +83.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 548.6k $58.4m | Added +109.3k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 508.2k $54.1m | Added +17.5k |
| CONGRESS ASSET MANAGEMENT CO 0.36% of their portfolio | 488.1k $51.9m | New |
| Bank of New York Mellon Corp 0.01% of their portfolio | 481.7k $51.3m | Added +13.8k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.47% of their portfolio | 469.2k $49.9m | Added +113.8k |
| Driehaus Capital Management LLC 0.38% of their portfolio | 443.4k $47.2m | Added +13.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 439.1k $46.7m | Reduced -25.4k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 401.9k $42.8m | Added +7.0k |
| Ranger Investment Management, L.P. 2.86% of their portfolio | 385.1k $41.0m | Added +32.3k |
| GAMCO INVESTORS, INC. ET AL 0.38% of their portfolio | 364.8k $38.8m | Reduced -6.9k |
| Pembroke Management, LTD 4.58% of their portfolio | 355.6k $37.8m | Added +57.8k |
| UBS Group AG 0.01% of their portfolio | 344.4k $36.7m | Reduced -388.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 343.0k $36.5m | Added +12.0k |
| NEUMEIER POMA INVESTMENT COUNSEL LLC 3.13% of their portfolio | 315.6k $33.6m | Reduced -2.1k |
| Capital International Investors 0.01% of their portfolio | 299.1k $31.8m | Added +71.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 297.3k $31.6m | Added +203.7k |
| Thrivent Financial for Lutherans 0.07% of their portfolio | 288.9k $30.7m | Reduced -26.7k |
| DF DENT & CO INC 0.35% of their portfolio | 261.4k $27.8m | Added +67.6k |
| Robeco Schweiz AG 0.60% of their portfolio | 245.5k $26.1m | Reduced -33.3k |
| FRED ALGER MANAGEMENT, LLC 0.12% of their portfolio | 242.6k $25.8m | Reduced -120.4k |
| EULAV Asset Management 0.60% of their portfolio | 240.9k $25.6m | Added +80 |
| Greenvale Capital LLP 2.28% of their portfolio | 239.5k $25.5m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 238.5k $25.4m | Added +63.8k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 233.5k $24.8m | Added +76.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 226.2k $24.1m | Added +36.2k |
| PANAGORA ASSET MANAGEMENT INC 0.11% of their portfolio | 224.7k $23.9m | Reduced -41.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 223.4k $23.8m | Reduced -29.8k |
| Handelsbanken Fonder AB 0.08% of their portfolio | 223.2k $23.7m | Added +19.9k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 213.2k $22.7m | Added +88.2k |
| Aperture Investors, LLC 3.01% of their portfolio | 210.3k $22.4m | Added +88.8k |
| Public Sector Pension Investment Board 0.09% of their portfolio | 207.9k $22.1m | Added +14.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 204.0k $21.7m | Reduced -14.8k |
| PineStone Asset Management Inc. 0.14% of their portfolio | 198.2k $21.1m | Added +23.3k |
| GABELLI FUNDS LLC 0.14% of their portfolio | 187.1k $19.9m | Unchanged |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.11% of their portfolio | 186.6k $19.9m | Added +1.6k |
| Legal & General Group Plc 0.00% of their portfolio | 171.2k $18.2m | Added +1.0k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 169.6k $18.1m | Added +7.0k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.77% of their portfolio | 166.5k $17.7m | Reduced -63.3k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.03% of their portfolio | 158.7k $16.9m | Added +17.2k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 154.9k $16.5m | Added +23.9k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 146.5k $15.6m | Reduced -26.1k |
| BARCLAYS PLC 0.01% of their portfolio | 140.6k $15.0m | Added +28.0k |
| TWO SIGMA ADVISERS, LP 0.03% of their portfolio | 139.4k $14.8m | Added +61.8k |
| AXIOM INVESTORS LLC /DE 0.12% of their portfolio | 136.5k $14.5m | Reduced -122.3k |
| COMERICA BANK 0.05% of their portfolio | 132.7k $14.1m | Added +3.6k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 125.7k $13.4m | Added +24.8k |
| Swiss National Bank 0.01% of their portfolio | 116.7k $12.4m | Reduced -1.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 110.8k $11.8m | Added +9.8k |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 109.4k $11.6m | Reduced -122.4k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 108.2k $11.5m | Added +4.0k |
| ALTA CAPITAL MANAGEMENT LLC/ 0.63% of their portfolio | 104.3k $11.1m | Added +37.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 101.2k $10.8m | Added +11.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 97.7k $10.4m | Reduced -6.5k |
| Trexquant Investment LP 0.12% of their portfolio | 97.1k $10.3m | Added +55.7k |
| Squarepoint Ops LLC 0.02% of their portfolio | 95.3k $10.1m | Reduced -105.6k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 91.6k $9.8m | Added +7.8k |
| TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio | 88.4k $9.4m | Reduced -38.1k |
| Bahl & Gaynor LLC 0.05% of their portfolio | 85.2k $9.1m | Added +2.6k |
| Homestead Advisers Corp 0.21% of their portfolio | 83.9k $8.9m | Reduced -12.4k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 83.5k $8.9m | Added +8.3k |
| AXA S.A. 0.02% of their portfolio | 81.0k $8.6m | Reduced -632 |
| 4D Advisors, LLC 4.58% of their portfolio | 80.0k $8.5m | Added +35.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 76.1k $8.1m | Reduced -2.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 76.1k $8.1m | Added +2.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 75.2k $8.0m | Added +1.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 74.6k $7.9m | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 70.1k $7.5m | Added +62.7k |
| PARADIGM CAPITAL MANAGEMENT INC/NY 0.36% of their portfolio | 70.0k $7.4m | Unchanged |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 69.4k $7.4m | Added +6.5k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 66.0k $7.0m | Added +3.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 65.4k $7.0m | Reduced -27.2k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 64.7k $6.9m | Added +40.3k |
| F/m Investments LLC 0.25% of their portfolio | 64.6k $6.9m | Added +214 |