3,691 Shares in Federal Signal Corporation $FSS Purchased by Yarbrough Capital LLC

Key Points

• Yarbrough Capital LLC has acquired 3,691 shares of Federal Signal Corporation, valued at about $393,000, indicating increased institutional interest in the company.
• Federal Signal's stock has a consensus rating of "Hold" with a price target of $123.00, while analysts predict a positive trajectory for the company's earnings.
• The company reported $1.17 earnings per share for the last quarter, exceeding expectations and marking a 15.1% year-over-year revenue increase.

Yarbrough Capital LLC purchased a new position in Federal Signal Corporation (NYSE:FSS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,691 shares of the conglomerate's stock, valued at approximately $393,000.

Other institutional investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in shares of Federal Signal during the first quarter worth $876,000. PNC Financial Services Group Inc. lifted its stake in Federal Signal by 29.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,069 shares of the conglomerate's stock worth $741,000 after purchasing an additional 2,267 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Federal Signal by 21.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 15,641 shares of the conglomerate's stock valued at $1,150,000 after purchasing an additional 2,724 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Federal Signal by 78.4% during the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock valued at $31,000 after purchasing an additional 185 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Federal Signal by 66.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate's stock valued at $814,000 after purchasing an additional 4,405 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FSS shares. KeyCorp reiterated a "sector weight" rating on shares of Federal Signal in a research report on Friday, July 11th. Raymond James Financial lifted their price objective on Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Wall Street Zen upgraded Federal Signal from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. CJS Securities reissued a "market perform" rating and issued a $125.00 target price on shares of Federal Signal in a report on Thursday, July 31st. Finally, DA Davidson upped their price target on shares of Federal Signal from $100.00 to $112.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $123.00.

Federal Signal Price Performance

Shares of Federal Signal stock opened at $124.47 on Wednesday. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 34.67, a price-to-earnings-growth ratio of 2.25 and a beta of 1.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60. The stock has a 50 day moving average price of $122.02 and a 200-day moving average price of $100.68. Federal Signal Corporation has a one year low of $66.47 and a one year high of $130.30.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.11. The company had revenue of $564.60 million for the quarter, compared to analyst estimates of $537.24 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.Federal Signal's quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Equities analysts expect that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The company also recently declared 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 0.4%. Federal Signal's payout ratio is currently 15.60%.

Federal Signal Company 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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