Accurate Wealth Management LLC Decreases Stock Position in Federal Signal Corporation $FSS

Key Points

• Accurate Wealth Management LLC has decreased its stake in Federal Signal Corporation by 57.8%, now holding 6,005 shares valued at approximately $679,000.
• Federal Signal reported better-than-expected earnings for the last quarter, with an EPS of $1.17, surpassing analysts' estimates by $0.11, and a 15.1% increase in revenue year-over-year.
• The company recently declared a quarterly dividend of $0.14 per share, reflecting an annualized dividend yield of 0.5% and a payout ratio of 15.60%.

Accurate Wealth Management LLC reduced its position in Federal Signal Corporation (NYSE:FSS - Free Report) by 57.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,005 shares of the conglomerate's stock after selling 8,218 shares during the period. Accurate Wealth Management LLC's holdings in Federal Signal were worth $679,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FSS. Cetera Investment Advisers raised its holdings in Federal Signal by 16.2% in the 4th quarter. Cetera Investment Advisers now owns 4,622 shares of the conglomerate's stock worth $427,000 after acquiring an additional 646 shares during the last quarter. Squarepoint Ops LLC raised its holdings in Federal Signal by 412.6% in the 4th quarter. Squarepoint Ops LLC now owns 20,018 shares of the conglomerate's stock worth $1,849,000 after acquiring an additional 16,113 shares during the last quarter. Vident Advisory LLC purchased a new position in Federal Signal in the 4th quarter worth approximately $209,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Federal Signal by 14.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,401 shares of the conglomerate's stock worth $16,113,000 after acquiring an additional 21,971 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Federal Signal by 18.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 21,443 shares of the conglomerate's stock worth $1,981,000 after acquiring an additional 3,377 shares during the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Federal Signal Trading Down 2.5%

NYSE:FSS opened at $121.37 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 33.81, a price-to-earnings-growth ratio of 2.21 and a beta of 1.32. Federal Signal Corporation has a one year low of $66.47 and a one year high of $130.30. The business has a fifty day moving average price of $122.32 and a 200-day moving average price of $100.82.

Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 EPS for the quarter, topping the consensus estimate of $1.06 by $0.11. The firm had revenue of $564.60 million during 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 revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Sell-side analysts forecast that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Announces Dividend

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

Analyst Ratings Changes

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

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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