Federal Signal Corporation $FSS Position Trimmed by Algert Global LLC

Key Points

• Algert Global LLC reduced its stake in Federal Signal Corporation by 16.2%, selling 18,020 shares during the 1st quarter, leaving them with a total of 93,412 shares valued at approximately $6.87 million.
• Federal Signal recently reported $1.17 earnings per share, surpassing estimates and reflecting a 15.1% increase in quarterly revenue compared to the same period last year.
• The company announced a quarterly dividend of $0.14 per share to be paid on August 28th, with a yield of 0.5%, and has authorized a $150 million stock repurchase plan.

Algert Global LLC decreased its stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 16.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,412 shares of the conglomerate's stock after selling 18,020 shares during the period. Algert Global LLC owned about 0.15% of Federal Signal worth $6,870,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of FSS. Barclays PLC lifted its position in shares of Federal Signal by 18.1% during the fourth quarter. Barclays PLC now owns 171,411 shares of the conglomerate's stock worth $15,838,000 after purchasing an additional 26,223 shares during the last quarter. NewEdge Advisors LLC raised its stake in Federal Signal by 48.1% during the fourth quarter. NewEdge Advisors LLC now owns 1,586 shares of the conglomerate's stock worth $146,000 after acquiring an additional 515 shares during the period. Zacks Investment Management raised its stake in Federal Signal by 3.2% during the fourth quarter. Zacks Investment Management now owns 7,496 shares of the conglomerate's stock worth $693,000 after acquiring an additional 230 shares during the period. First Trust Advisors LP raised its stake in Federal Signal by 56.5% during the fourth quarter. First Trust Advisors LP now owns 894,136 shares of the conglomerate's stock worth $82,609,000 after acquiring an additional 322,676 shares during the period. Finally, Capital World Investors acquired a new stake in Federal Signal during the fourth quarter worth about $79,810,000. Institutional investors own 92.73% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FSS shares. DA Davidson increased their price objective on shares of Federal Signal from $100.00 to $112.00 and gave the stock 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. CJS Securities restated a "market perform" rating and issued a $125.00 price target on shares of Federal Signal in a research note on Thursday, July 31st. KeyCorp restated a "sector weight" rating on shares of Federal Signal in a research note on Friday, July 11th. Finally, Raymond James Financial raised their price target 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. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Federal Signal presently has a consensus rating of "Hold" and an average price target of $123.00.

Federal Signal Price Performance

Shares of Federal Signal stock traded up $3.5690 on Friday, hitting $128.3690. The company had a trading volume of 381,906 shares, compared to its average volume of 795,850. The business has a 50-day simple moving average of $113.92 and a 200-day simple moving average of $95.40. 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 company has a market cap of $7.80 billion, a PE ratio of 35.76, a PEG ratio of 2.22 and a beta of 1.30. Federal Signal Corporation has a 52 week low of $66.47 and a 52 week high of $130.30.

Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.11. The business had revenue of $564.60 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm posted $0.95 earnings per share. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Research analysts expect that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

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