Axiom Investors LLC DE Cuts Stake 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 position in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 29.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 129,430 shares of the conglomerate's stock after selling 54,945 shares during the quarter. Axiom Investors LLC DE owned 0.21% of Federal Signal worth $9,520,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in Federal Signal during the 1st quarter worth $876,000. PNC Financial Services Group Inc. increased its holdings in shares of 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 in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of 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 in the last quarter. Bessemer Group Inc. increased its holdings in shares of 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.

Wall Street Analyst Weigh In

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

Federal Signal Price Performance

Federal Signal stock opened at $124.80 on Monday. Federal Signal Corporation has a 12-month low of $66.47 and a 12-month high of $130.30. The stock has a market capitalization of $7.59 billion, a P/E ratio of 34.76, a P/E/G ratio of 2.22 and a beta of 1.32. The firm's 50-day moving average is $118.35 and its two-hundred day moving average is $97.27. 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 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 net margin of 11.22% and a return on equity of 18.91%. The business had revenue of $564.60 million for the quarter, compared to analysts' expectations of $537.24 million. During the same period last year, the company earned $0.95 earnings per share. The company's quarterly revenue was up 15.1% on a year-over-year basis. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Equities analysts predict that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Friday, August 15th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.56 annualized dividend and a dividend yield of 0.4%. 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.

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