Ballentine Partners LLC Makes New Investment in Federal Signal Corporation $FSS

Key Points

• Ballentine Partners LLC has acquired a new position in Federal Signal Corporation (NYSE:FSS) by purchasing 2,108 shares valued at approximately $224,000 in the second quarter.
• Analysts have raised their target price for Federal Signal, with Raymond James increasing it from $120.00 to $145.00 and a general consensus rating of "Hold" reflecting an average target price of $123.00.
• Federal Signal reported a 15.1% increase in revenue year-over-year with earnings per share (EPS) of $1.17 for the most recent quarter, exceeding expectations of $1.06.

Ballentine Partners LLC acquired a new position in Federal Signal Corporation (NYSE:FSS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,108 shares of the conglomerate's stock, valued at approximately $224,000.

Other institutional investors have also recently modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in shares of Federal Signal in the first quarter worth $876,000. PNC Financial Services Group Inc. grew its stake in shares of Federal Signal by 29.1% in the first quarter. PNC Financial Services Group Inc. now owns 10,069 shares of the conglomerate's stock worth $741,000 after acquiring an additional 2,267 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Federal Signal by 21.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 15,641 shares of the conglomerate's stock worth $1,150,000 after acquiring an additional 2,724 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Federal Signal by 78.4% in the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock worth $31,000 after acquiring an additional 185 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Federal Signal by 66.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate's stock worth $814,000 after acquiring an additional 4,405 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FSS has been the topic of a number of recent research reports. Raymond James Financial increased their target price on Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. KeyCorp reissued a "sector weight" rating on shares of Federal Signal in a research note on Friday, July 11th. Wall Street Zen raised 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 Federal Signal from $100.00 to $112.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Finally, CJS Securities reaffirmed a "market perform" rating and set a $125.00 price objective on shares of Federal Signal in a research report on Thursday, July 31st. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $123.00.

Federal Signal Trading Down 2.7%

Shares of NYSE:FSS opened at $118.95 on Tuesday. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 2.17 and a beta of 1.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60. The stock's 50-day simple moving average is $123.13 and its two-hundred day simple moving average is $102.03. Federal Signal Corporation has a 52-week low of $66.47 and a 52-week high of $130.30.

Federal Signal (NYSE:FSS - Get Free Report) last announced 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. The business had revenue of $564.60 million for the quarter, compared to analysts' expectations of $537.24 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The business's revenue for the quarter was up 15.1% on a year-over-year basis. During the same period last year, the firm posted $0.95 earnings per share. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Analysts expect that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Friday, August 15th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 15th. Federal Signal's dividend payout ratio (DPR) is presently 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.

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