2,608 Shares in Federal Signal Corporation $FSS Acquired by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC has acquired 2,608 shares of Federal Signal Corporation ($FSS), valued at approximately $278,000, according to recent SEC disclosures.
• Federal Signal reported a 15.1% year-over-year increase in revenue for the last quarter, amounting to $564.60 million, with an EPS of $1.17 surpassing analyst expectations.
• The company recently announced a quarterly dividend of $0.14 per share, representing an annualized dividend of $0.56 and a yield of 0.5%.

Janney Montgomery Scott LLC purchased a new stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,608 shares of the conglomerate's stock, valued at approximately $278,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FSS. Nuveen LLC acquired a new stake in Federal Signal during the 1st quarter valued at $45,307,000. Congress Asset Management Co. acquired a new stake in Federal Signal during the 2nd quarter valued at $51,945,000. The Manufacturers Life Insurance Company increased its holdings in Federal Signal by 1,266.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 464,593 shares of the conglomerate's stock valued at $34,171,000 after purchasing an additional 430,583 shares in the last quarter. Millennium Management LLC increased its holdings in Federal Signal by 63.0% during the 1st quarter. Millennium Management LLC now owns 503,120 shares of the conglomerate's stock valued at $37,004,000 after purchasing an additional 194,412 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Federal Signal by 1,020.5% during the 1st quarter. Jane Street Group LLC now owns 210,438 shares of the conglomerate's stock valued at $15,478,000 after purchasing an additional 191,658 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Stock Up 0.7%

Shares of Federal Signal stock opened at $120.54 on Monday. The company has a quick ratio of 1.25, a current ratio of 2.60 and a debt-to-equity ratio of 0.20. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $130.30. The business has a fifty day simple moving average of $123.41 and a 200 day simple moving average of $106.12. The stock has a market cap of $7.33 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 2.14 and a beta of 1.29.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.11. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The business had revenue of $564.60 million during the quarter, compared to analysts' expectations of $537.24 million. During the same period in the previous year, the firm earned $0.95 earnings per share. The firm's quarterly revenue was up 15.1% compared to the same quarter last year. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Research analysts predict that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Friday, August 15th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. Federal Signal's payout ratio is 15.60%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FSS. Zacks Research cut Federal Signal from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. KeyCorp reaffirmed a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. CJS Securities reissued a "market perform" rating and issued a $125.00 target price on shares of Federal Signal in a research note on Thursday, July 31st. DA Davidson lifted their target price on Federal Signal from $100.00 to $112.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Finally, Raymond James Financial lifted their target price on Federal Signal from $120.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Federal Signal has a consensus rating of "Hold" and a consensus target price of $123.00.

Federal Signal Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.

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