Axiom Investors LLC DE Cuts Stock Position in Federal Signal Corporation $FSS

Key Points

• Axiom Investors LLC DE has decreased its stake in Federal Signal Corporation by 29.8%, owning approximately 129,430 shares valued at $9.52 million as of the latest SEC filing.
• Federal Signal reported strong quarterly earnings, with EPS of $1.17 exceeding estimates and a revenue increase of 15.1% year-over-year, reaching $564.60 million.
• The company has announced a quarterly dividend of $0.14, with an annualized yield of 0.4%, and 92.73% of its stock is currently owned by institutional investors and hedge funds.

Axiom Investors LLC DE lowered its position in Federal Signal Corporation (NYSE:FSS - Free Report) by 29.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 129,430 shares of the conglomerate's stock after selling 54,945 shares during the period. Axiom Investors LLC DE owned 0.21% of Federal Signal worth $9,520,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in Federal Signal in the first quarter worth $29,000. Bessemer Group Inc. grew its position in shares of Federal Signal by 78.4% in the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock worth $31,000 after buying an additional 185 shares during the period. Harbor Investment Advisory LLC grew its position in shares of Federal Signal by 201.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock worth $48,000 after buying an additional 440 shares during the period. CoreCap Advisors LLC lifted its position in Federal Signal by 19.9% during the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock valued at $81,000 after acquiring an additional 145 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its position in Federal Signal by 16.9% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock valued at $82,000 after acquiring an additional 162 shares during the period. Hedge funds and other institutional investors own 92.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FSS shares. Wall Street Zen upgraded 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 set a $125.00 price objective on shares of Federal Signal in a research note on Thursday, July 31st. Raymond James Financial increased their price target 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. DA Davidson boosted their price objective 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, 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 given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $123.00.

Federal Signal Stock Performance

Shares of FSS traded down $0.86 on Thursday, reaching $126.95. The company's stock had a trading volume of 429,212 shares, compared to its average volume of 578,242. 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 $7.72 billion, a P/E ratio of 35.36, a PEG ratio of 2.27 and a beta of 1.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25. The stock's 50 day simple moving average is $115.46 and its two-hundred day simple moving average is $96.01.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $564.60 million during the quarter, compared to the consensus estimate of $537.24 million. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The company's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Research analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Friday, August 15th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, August 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.4%. Federal Signal's payout ratio is 15.60%.

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.