Victory Capital Cuts Stake in Federal Signal Corporation

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Victory Capital Management Inc. has reduced its stake in Federal Signal Corporation (NYSE: FSS) by 27.2% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The fund now owns approximately 148,408 shares of the conglomerate's stock, valued at $17.66 million.

Why it matters

This move by a major institutional investor provides insight into the market's sentiment towards Federal Signal, a diversified industrial company that designs, manufactures and markets products for municipal, commercial and industrial customers worldwide. The reduction in holdings could signal concerns about the company's future performance or valuation.

The details

According to the 13F filing, Victory Capital Management sold 55,577 shares of Federal Signal during the third quarter. The fund now owns approximately 0.24% of the company's outstanding shares. Federal Signal operates through two primary business segments and has grown through a combination of organic investment and strategic acquisitions over its 120-year history.

• Victory Capital Management filed its 13F report for the third quarter of 2026 on March 11, 2026.