Blair William & Co. IL Buys 10,478 Shares of Federal Signal Corporation $FSS

Key Points

• Blair William & Co. IL increased its stake in Federal Signal Corporation by 35.1%, acquiring an additional 10,478 shares, which brings their total holdings to 40,355 shares valued at approximately $4.3 million.
• Recent analyst reports have shown a mix of ratings for Federal Signal, with DA Davidson raising the target price to $112.00 and CJS Securities setting a target at $125.00, indicating a generally positive outlook.
• Federal Signal recently announced a quarterly dividend of $0.14 per share, translating to an annualized dividend of $0.56 and a yield of 0.5%.

Blair William & Co. IL raised its stake in Federal Signal Corporation (NYSE:FSS - Free Report) by 35.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,355 shares of the conglomerate's stock after buying an additional 10,478 shares during the period. Blair William & Co. IL owned about 0.07% of Federal Signal worth $4,295,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FSS. Nuveen LLC bought a new stake in shares of Federal Signal in the 1st quarter valued at about $45,307,000. Congress Asset Management Co. bought a new stake in shares of Federal Signal in the 2nd quarter valued at about $51,945,000. The Manufacturers Life Insurance Company grew its position in shares of Federal Signal by 1,266.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 464,593 shares of the conglomerate's stock valued at $34,171,000 after buying an additional 430,583 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Federal Signal in the 1st quarter valued at about $26,144,000. Finally, Millennium Management LLC grew its position in shares of Federal Signal by 63.0% in the 1st quarter. Millennium Management LLC now owns 503,120 shares of the conglomerate's stock valued at $37,004,000 after buying an additional 194,412 shares during the last quarter. Institutional investors own 92.73% of the company's stock.

Analysts Set New Price Targets

FSS has been the topic of a number of analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Federal Signal in a research report on Wednesday, October 8th. DA Davidson upped their target price on Federal Signal from $100.00 to $112.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. KeyCorp restated a "sector weight" rating on shares of Federal Signal in a research report on Friday, July 11th. CJS Securities restated a "market perform" rating and set a $125.00 target price on shares of Federal Signal in a research report on Thursday, July 31st. Finally, Wall Street Zen upgraded Federal Signal from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $123.00.

Federal Signal Stock Down 1.7%

Shares of NYSE:FSS opened at $115.85 on Monday. The business's 50 day simple moving average is $124.04 and its two-hundred day simple moving average is $104.58. The firm has a market cap of $7.04 billion, a P/E ratio of 32.27, a PEG ratio of 2.06 and a beta of 1.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60. 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 quarterly 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 analyst estimates of $537.24 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The company's quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 earnings per share. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. As a group, research analysts forecast that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Friday, August 15th were paid 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 0.5%. Federal Signal's dividend 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.

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