Connor Clark & Lunn Investment Management Ltd. bought a new position in Federal Signal Corporation (NYSE:FSS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,035 shares of the conglomerate's stock, valued at approximately $959,000.
Other hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in shares of Federal Signal in the 1st quarter worth $29,000. Bessemer Group Inc. grew its holdings 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 acquiring an additional 185 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of Federal Signal by 201.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock worth $48,000 after acquiring an additional 440 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of 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 acquiring an additional 145 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of 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 acquiring an additional 162 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on FSS shares. DA Davidson lifted their target price on Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. KeyCorp restated a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. Wall Street Zen upgraded Federal Signal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Raymond James Financial lifted their price target on Federal Signal from $120.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, CJS Securities reiterated a "market perform" rating and set a $125.00 price target on shares of Federal Signal in a report on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $123.00.
Read Our Latest Report on FSS
Federal Signal Stock Up 3.4%
Shares of NYSE:FSS traded up $4.2450 on Friday, reaching $129.0450. The company had a trading volume of 108,649 shares, compared to its average volume of 581,748. Federal Signal Corporation has a twelve month low of $66.47 and a twelve month high of $130.30. The stock has a 50-day moving average price of $113.34 and a 200 day moving average price of $95.19. The stock has a market capitalization of $7.84 billion, a P/E ratio of 35.91, a P/E/G ratio of 2.24 and a beta of 1.30. The company has a quick ratio of 1.25, a current ratio of 2.60 and a debt-to-equity ratio of 0.20.
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 for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $537.24 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The business's quarterly revenue was up 15.1% compared to the same quarter last year. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. On average, equities analysts expect that Federal Signal Corporation will post 3.34 EPS for the current year.
Federal Signal Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Friday, August 15th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.4%. Federal Signal's payout ratio is currently 15.60%.
Federal Signal Profile
(
Free Report)
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.
Further Reading
Before you consider Federal Signal, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Federal Signal wasn't on the list.
While Federal Signal currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access