Federal Signal Corporation $FSS Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG has decreased its holdings in Federal Signal Corporation (NYSE:FSS) by 2.6%, now owning 83,866 shares valued at approximately $6.17 million.
• Federal Signal's recent quarterly earnings surpassed expectations, reporting $1.17 earnings per share and revenue of $564.6 million, reflecting a year-over-year revenue increase of 15.1%.
• The company has announced a $150 million share repurchase program, indicating management's belief that the stock is undervalued.

Deutsche Bank AG reduced its holdings in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,866 shares of the conglomerate's stock after selling 2,234 shares during the quarter. Deutsche Bank AG owned 0.14% of Federal Signal worth $6,168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FSS. Opal Wealth Advisors LLC purchased a new position in shares of Federal Signal during the 1st quarter valued at approximately $29,000. Bessemer Group Inc. lifted its stake 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 last quarter. Harbor Investment Advisory LLC lifted its stake 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 last quarter. CoreCap Advisors LLC lifted its stake in Federal Signal by 19.9% during the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after purchasing an additional 145 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake 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 last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FSS shares. KeyCorp restated a "sector weight" rating on shares of Federal Signal in a research note on Friday, July 11th. Wall Street Zen upgraded Federal Signal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Raymond James Financial raised their price objective on Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. CJS Securities restated a "market perform" rating and set a $125.00 price objective on shares of Federal Signal in a research note on Thursday, July 31st. Finally, DA Davidson raised their price objective on Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $123.00.

Federal Signal Stock Performance

FSS stock traded down $1.1930 during mid-day trading on Thursday, reaching $124.8670. The company had a trading volume of 331,837 shares, compared to its average volume of 820,934. 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 stock has a market capitalization of $7.59 billion, a P/E ratio of 34.78, a P/E/G ratio of 2.24 and a beta of 1.30. Federal Signal Corporation has a one year low of $66.47 and a one year high of $130.30. The stock's 50-day simple moving average is $113.34 and its two-hundred day simple moving average is $95.19.

Federal Signal (NYSE:FSS - Get Free Report) last posted its earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.11. The company 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 firm's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Research analysts anticipate that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, August 15th. Federal Signal's dividend payout ratio (DPR) is 15.60%.

About Federal Signal

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.