Capital Fund Management S.A. Purchases New Shares in Federal Signal Corporation $FSS

Key Points

• Capital Fund Management S.A. invested approximately $2.76 million in Federal Signal Corporation, acquiring 37,537 shares during the first quarter, representing 0.06% of the company's total stock.
• Federal Signal reported a quarterly earnings per share (EPS) of $1.17, beating the consensus estimate of $1.06, with a year-over-year revenue growth of 15.1% to $564.60 million.
• The company announced a quarterly dividend of $0.14 per share, scheduled for payment on August 28th, yielding an annualized 0.4% with a payout ratio of 15.60%.

Capital Fund Management S.A. bought a new position in shares of Federal Signal Corporation (NYSE:FSS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,537 shares of the conglomerate's stock, valued at approximately $2,761,000. Capital Fund Management S.A. owned 0.06% of Federal Signal as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research firms have recently commented on FSS. Raymond James Financial lifted their price target on shares of Federal Signal from $120.00 to $145.00 and gave the company an "outperform" rating in a research report 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 lifted their target price on 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, CJS Securities reissued a "market perform" rating and set a $125.00 price target on shares of Federal Signal in a report 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 company. According to data from MarketBeat.com, Federal Signal presently has an average rating of "Hold" and an average price target of $123.00.

Federal Signal Trading Down 3.0%

Shares of FSS traded down $3.76 on Friday, hitting $123.20. 103,234 shares of the stock traded hands, compared to its average volume of 575,336. The company has a quick ratio of 1.25, a current ratio of 2.60 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $7.49 billion, a P/E ratio of 34.32, a P/E/G ratio of 2.27 and a beta of 1.30. The stock's 50 day moving average is $115.95 and its two-hundred day moving average is $96.22. 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 posted its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.11. The company had revenue of $564.60 million for 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%. Federal Signal's revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 earnings per share. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. As a group, sell-side analysts predict that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

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