Amundi Sells 5,865 Shares of Federal Signal Corporation $FSS

Key Points

• Amundi has reduced its stake in Federal Signal Corporation by 18.8% in the first quarter, selling 5,865 shares to hold a total of 25,383 shares valued at approximately $1.85 million.
• Institutional investors control 92.73% of Federal Signal's stock, with several firms, including Bessemer Group and Harbor Investment Advisory, increasing their holdings significantly in the same quarter.
• Federal Signal reported an earnings per share of $1.17 for the last quarter, exceeding expectations, and guidance for FY 2025 is set between $3.920 and $4.100 EPS.

Amundi cut its stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 18.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,383 shares of the conglomerate's stock after selling 5,865 shares during the period. Amundi's holdings in Federal Signal were worth $1,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FSS. Nuveen LLC purchased a new stake in Federal Signal during the first quarter valued at approximately $45,307,000. The Manufacturers Life Insurance Company raised its holdings in shares of Federal Signal by 1,266.0% in the first quarter. The Manufacturers Life Insurance Company now owns 464,593 shares of the conglomerate's stock worth $34,171,000 after buying an additional 430,583 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Federal Signal in the first quarter worth approximately $26,144,000. Jane Street Group LLC raised its holdings in shares of Federal Signal by 1,020.5% in the first quarter. Jane Street Group LLC now owns 210,438 shares of the conglomerate's stock worth $15,478,000 after buying an additional 191,658 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in shares of Federal Signal by 1,432.9% in the first quarter. Handelsbanken Fonder AB now owns 203,260 shares of the conglomerate's stock worth $14,950,000 after buying an additional 190,000 shares during the period. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Federal Signal Trading Up 2.1%

NYSE:FSS traded up $2.61 during midday trading on Thursday, hitting $127.64. The stock had a trading volume of 269,711 shares, compared to its average volume of 298,968. Federal Signal Corporation has a one year low of $66.47 and a one year high of $130.30. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 2.22 and a beta of 1.32. The stock has a 50-day moving average of $121.01 and a 200 day moving average of $99.61. The company has a quick ratio of 1.25, a current ratio of 2.60 and a debt-to-equity ratio of 0.20.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $564.60 million for the quarter, compared to analysts' expectations of $537.24 million. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Federal Signal's revenue 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. As a group, sell-side analysts forecast that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders 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 of this dividend was Friday, August 15th. Federal Signal's dividend payout ratio (DPR) is 15.60%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FSS. Raymond James Financial increased their price target on Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Wall Street Zen upgraded Federal Signal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. CJS Securities reiterated a "market perform" rating and issued a $125.00 price target on shares of Federal Signal in a report on Thursday, July 31st. DA Davidson increased their price target on Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Finally, KeyCorp reiterated a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $123.00.

Federal Signal 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.