Axiom Investors LLC DE Has $9.52 Million Stock Position in Federal Signal Corporation $FSS

Key Points

• Axiom Investors LLC DE reduced its stake in Federal Signal Corporation by 29.8% in the first quarter, now owning 129,430 shares valued at approximately $9.52 million.
• Analyst reports have resulted in varying price targets for Federal Signal, with Raymond James Financial raising its target from $120 to $145 and DA Davidson from $100 to $112.
• Federal Signal has reported strong financial performance with a 15.1% year-over-year revenue increase and earnings per share of $1.17, exceeding the consensus estimate of $1.06.

Axiom Investors LLC DE lowered its holdings in Federal Signal Corporation (NYSE:FSS - Free Report) by 29.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,430 shares of the conglomerate's stock after selling 54,945 shares during the period. Axiom Investors LLC DE owned approximately 0.21% of Federal Signal worth $9,520,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. GSA Capital Partners LLP bought a new stake in Federal Signal in the 1st quarter valued at about $876,000. PNC Financial Services Group Inc. boosted its holdings in Federal Signal by 29.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,069 shares of the conglomerate's stock valued at $741,000 after purchasing an additional 2,267 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Federal Signal by 21.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 15,641 shares of the conglomerate's stock valued at $1,150,000 after purchasing an additional 2,724 shares during the period. Bessemer Group Inc. boosted its holdings in Federal Signal by 78.4% in the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock valued at $31,000 after purchasing an additional 185 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Federal Signal by 66.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate's stock valued at $814,000 after purchasing an additional 4,405 shares during the period. Institutional investors own 92.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FSS. KeyCorp reissued 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. CJS Securities reaffirmed a "market perform" rating and set a $125.00 price target on shares of Federal Signal in a report on Thursday, July 31st. DA Davidson upped their price target on shares of Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Finally, Raymond James Financial upped their price target on shares of Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a report 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $123.00.

Federal Signal Price Performance

FSS stock traded down $2.31 during trading on Friday, reaching $125.54. 257,711 shares of the company were exchanged, compared to its average volume of 322,444. The company has a 50-day moving average of $119.85 and a two-hundred day moving average of $98.36. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 34.97, a P/E/G ratio of 2.27 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 company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings data 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 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 firm's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. As a group, equities 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 disclosed 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 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, August 15th. Federal Signal's dividend payout ratio is currently 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.