65,121 Shares in Federal Signal Corporation $FSS Acquired by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP made a new investment of approximately $4.79 million in Federal Signal Corporation, acquiring 65,121 shares during the first quarter.
• Federal Signal recently reported earnings of $1.17 per share, exceeding analysts' expectations, with a 15.1% increase in revenue compared to the same quarter last year.
• The company has announced a quarterly dividend of $0.14 per share, scheduled to be paid on August 28th, with a yield of 0.4%.

Advantage Alpha Capital Partners LP purchased a new position in shares of Federal Signal Corporation (NYSE:FSS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 65,121 shares of the conglomerate's stock, valued at approximately $4,790,000. Advantage Alpha Capital Partners LP owned approximately 0.11% of Federal Signal at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in Federal Signal during the 1st quarter worth about $29,000. Bessemer Group Inc. lifted its position in Federal Signal by 78.4% during the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock worth $31,000 after buying an additional 185 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in shares of Federal Signal by 201.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock valued at $48,000 after purchasing an additional 440 shares during the period. CoreCap Advisors LLC raised its holdings in shares of Federal Signal by 19.9% in the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock valued at $81,000 after purchasing an additional 145 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Federal Signal by 16.9% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock valued at $82,000 after purchasing an additional 162 shares during the period. 92.73% of the stock is owned by institutional investors.

Federal Signal Stock Performance

Shares of NYSE:FSS traded up $0.80 on Wednesday, reaching $128.23. 80,933 shares of the company's stock were exchanged, compared to its average volume of 577,264. The company has a fifty day moving average of $114.94 and a 200-day moving average of $95.79. Federal Signal Corporation has a twelve month low of $66.47 and a twelve month high of $130.30. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 35.71, a PEG ratio of 2.25 and a beta of 1.30. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20.

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

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Friday, August 15th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, August 15th. This represents a $0.56 annualized dividend and a dividend yield of 0.4%. Federal Signal's dividend payout ratio (DPR) is currently 15.60%.

Wall Street Analysts Forecast Growth

FSS has been the topic of a number of research analyst reports. KeyCorp reaffirmed a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. Wall Street Zen raised shares of Federal Signal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. DA Davidson upped their target price on shares of Federal Signal from $100.00 to $112.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. CJS Securities reaffirmed a "market perform" rating and issued a $125.00 target price on shares of Federal Signal in a report on Thursday, July 31st. Finally, Raymond James Financial upped their target price on shares of Federal Signal from $120.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $123.00.

About Federal Signal

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.