Federal Signal Corporation $FSS Shares Purchased by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. increased its stake in Federal Signal Corporation by 4.4%, owning 68,219 shares valued at approximately $5.02 million as of the latest SEC filing.
• Federal Signal reported better-than-expected quarterly earnings, with an EPS of $1.17, surpassing estimates by $0.11, and revenue growth of 15.1% year-over-year.
• The company declared a quarterly dividend of $0.14 per share, resulting in an annualized yield of 0.4% and reflecting a dividend payout ratio of 15.60%.

Baird Financial Group Inc. increased its stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 4.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,219 shares of the conglomerate's stock after purchasing an additional 2,895 shares during the quarter. Baird Financial Group Inc. owned approximately 0.11% of Federal Signal worth $5,018,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its stake in Federal Signal by 19.9% in the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock valued at $81,000 after acquiring an additional 145 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of 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 purchasing an additional 162 shares during the last quarter. Bessemer Group Inc. boosted 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 purchasing an additional 185 shares in the last quarter. Xponance Inc. grew its stake in Federal Signal by 5.2% during the 1st quarter. Xponance Inc. now owns 4,540 shares of the conglomerate's stock worth $334,000 after buying an additional 226 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Federal Signal by 3.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,662 shares of the conglomerate's stock worth $616,000 after buying an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.

Federal Signal Stock Performance

NYSE:FSS traded up $2.08 during mid-day trading on Wednesday, hitting $125.74. The company's stock had a trading volume of 375,087 shares, compared to its average volume of 335,515. The business's fifty day moving average is $119.38 and its two-hundred day moving average is $97.86. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 35.02, a PEG ratio of 2.20 and a beta of 1.32. 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 Corporation has a 1 year low of $66.47 and a 1 year high of $130.30.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 EPS for the quarter, topping 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 business 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 business's 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. Analysts anticipate that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, August 15th. Federal Signal's payout ratio is presently 15.60%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FSS shares. CJS Securities restated a "market perform" rating and set a $125.00 price target on shares of Federal Signal in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Federal Signal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. DA Davidson boosted their target price on shares of Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. KeyCorp reaffirmed a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. Finally, Raymond James Financial lifted their price objective on shares of Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $123.00.

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.