Congress Asset Management Co. Acquires Shares of 488,116 Federal Signal Corporation $FSS

Key Points

• Congress Asset Management Co. has acquired 488,116 shares of Federal Signal Corporation, valued at approximately $51.9 million, increasing their stake to about 0.80% of the company.
• Federal Signal reported a quarterly EPS of $1.17, exceeding analyst estimates, with revenue up 15.1% year-over-year and setting FY 2025 EPS guidance at 3.920-4.100.
• Wall Street analysts have positive outlooks on Federal Signal, with target prices ranging from $100 to $145, reflecting an average price target of $123.00 for the stock.

Congress Asset Management Co. acquired a new stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 488,116 shares of the conglomerate's stock, valued at approximately $51,945,000. Congress Asset Management Co. owned about 0.80% of Federal Signal as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FSS. Opal Wealth Advisors LLC bought a new position in Federal Signal during the first quarter worth about $29,000. Bessemer Group Inc. boosted its position in Federal Signal by 78.4% during the first 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. Physician Wealth Advisors Inc. boosted its position in Federal Signal by 47.0% during the second quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate's stock worth $31,000 after purchasing an additional 93 shares during the period. Harbor Investment Advisory LLC boosted its position in Federal Signal by 201.8% during the first quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock worth $48,000 after purchasing an additional 440 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its position in Federal Signal by 16.9% during the first quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock worth $82,000 after purchasing an additional 162 shares during the period. Institutional investors own 92.73% of the company's stock.

Federal Signal Stock Up 1.2%

Shares of NYSE FSS opened at $122.74 on Friday. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $130.30. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 2.16 and a beta of 1.32. The business has a 50-day moving average of $122.63 and a 200-day moving average of $101.11.

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 the consensus estimate of $1.06 by $0.11. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The company had revenue of $564.60 million during the quarter, compared to analyst estimates of $537.24 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. Federal Signal'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. Sell-side analysts expect that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Friday, August 15th were issued a dividend of $0.14 per share. 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 payout ratio is presently 15.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FSS shares. Raymond James Financial increased their target price on shares of Federal Signal from $120.00 to $145.00 and gave the stock 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 report on Saturday, August 2nd. DA Davidson increased 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 reiterated a "sector weight" rating on shares of Federal Signal in a research report on Friday, July 11th. Finally, CJS Securities reiterated a "market perform" rating and set a $125.00 price target on shares of Federal Signal in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Federal Signal currently has an average rating of "Hold" and an average target price of $123.00.

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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