Advisors Asset Management Inc. Reduces Stock Position in Federal Signal Corporation $FSS

Key Points

• Advisors Asset Management Inc. reduced its ownership in Federal Signal Corporation by 32.1%, selling 13,492 shares and holding 28,566 shares valued at approximately $2.1 million.
• Several institutional investors have increased their stakes in Federal Signal, with notable purchases including Bessemer Group Inc.'s 78.4% increase, adding shares valued at $31,000.
• Federal Signal's earnings report revealed a quarterly revenue of $564.6 million, exceeding estimates and reflecting a 15.1% year-over-year growth.

Advisors Asset Management Inc. cut its position in Federal Signal Corporation (NYSE:FSS - Free Report) by 32.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,566 shares of the conglomerate's stock after selling 13,492 shares during the quarter. Advisors Asset Management Inc.'s holdings in Federal Signal were worth $2,101,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in shares of Federal Signal in the first quarter valued at $29,000. Bessemer Group Inc. grew its position in shares of Federal Signal by 78.4% in the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock valued at $31,000 after purchasing an additional 185 shares in the last quarter. Harbor Investment Advisory LLC grew its position in shares of Federal Signal by 201.8% in the first quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock valued at $48,000 after purchasing an additional 440 shares in the last quarter. CoreCap Advisors LLC grew its position in shares of Federal Signal by 19.9% in the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock valued at $81,000 after purchasing an additional 145 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in shares of Federal Signal by 16.9% in the first 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 in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Trading Down 1.5%

FSS stock traded down $1.95 during trading on Friday, hitting $125.90. 52,591 shares of the company traded hands, compared to its average volume of 560,792. The company has a 50-day moving average of $119.64 and a 200-day moving average of $98.12. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $130.30. The firm has a market capitalization of $7.65 billion, a PE ratio of 35.08, a P/E/G ratio of 2.24 and a beta of 1.32.

Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $537.24 million. During the same period last year, the company earned $0.95 EPS. Federal Signal's revenue for the quarter 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. Analysts predict that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

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

Analyst Ratings Changes

FSS has been the subject of several recent analyst reports. KeyCorp restated a "sector weight" rating on shares of Federal Signal in a research report on Friday, July 11th. DA Davidson boosted their target price on Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Raymond James Financial boosted their target price on Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Wall Street Zen raised Federal Signal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, 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. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Federal Signal has an average rating of "Hold" and an average target price 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.