Federal Signal Corporation $FSS Shares Sold by Aperture Investors LLC

Key Points

• Aperture Investors LLC reduced its stake in Federal Signal Corporation by 19.7% during the 1st quarter, leaving it with 121,572 shares, which constitutes about 1.1% of its total holdings.
• Several other institutional investors made adjustments to their positions, with Bessemer Group Inc. increasing their stake by 78.4%, while Harbor Investment Advisory LLC raised theirs by 201.8%.
• Analysts have raised price targets for Federal Signal, with Raymond James Financial increasing theirs from $120.00 to $145.00 and giving the stock an "outperform" rating.

Aperture Investors LLC cut its holdings in Federal Signal Corporation (NYSE:FSS - Free Report) by 19.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,572 shares of the conglomerate's stock after selling 29,919 shares during the quarter. Federal Signal makes up about 1.1% of Aperture Investors LLC's investment portfolio, making the stock its 29th largest position. Aperture Investors LLC owned approximately 0.20% of Federal Signal worth $8,942,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its position in shares of Federal Signal by 48.1% during the fourth quarter. NewEdge Advisors LLC now owns 1,586 shares of the conglomerate's stock valued at $146,000 after buying an additional 515 shares during the last quarter. Northern Trust Corp lifted its position in shares of Federal Signal by 10.8% during the fourth quarter. Northern Trust Corp now owns 693,729 shares of the conglomerate's stock valued at $64,094,000 after buying an additional 67,716 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its position in shares of Federal Signal by 90.2% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 25,668 shares of the conglomerate's stock valued at $2,371,000 after buying an additional 12,172 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in shares of Federal Signal during the fourth quarter valued at about $450,000. Finally, 4D Advisors LLC purchased a new stake in shares of Federal Signal during the fourth quarter valued at about $4,620,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Federal Signal Stock Performance

Shares of NYSE FSS traded down $0.63 during midday trading on Tuesday, reaching $122.36. 304,500 shares of the stock were exchanged, compared to its average volume of 575,579. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 2.19 and a beta of 1.32. Federal Signal Corporation has a twelve month low of $66.47 and a twelve month high of $130.30. The firm has a 50-day simple moving average of $116.79 and a two-hundred day simple moving average of $96.55. 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 released its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.11. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The firm had revenue of $564.60 million for the quarter, compared to analysts' expectations of $537.24 million. During the same quarter last year, the company earned $0.95 EPS. The firm'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. As a group, analysts anticipate that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Friday, August 15th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.56 dividend on an annualized basis and a yield of 0.5%. Federal Signal's dividend payout ratio (DPR) is currently 15.60%.

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.