Dynamic Technology Lab Private Ltd Acquires New Stake in Federal Signal Corporation $FSS

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in Federal Signal Corporation, purchasing 4,040 shares valued at approximately $297,000 in Q1.
• Several hedge funds have significantly increased their holdings in Federal Signal, with Deutsche Bank AG raising their stake by 138.1% during the same period.
• Federal Signal's quarterly earnings surpassed estimates, with a report of $1.17 EPS, and the company has set its FY 2025 guidance at 3.920-4.100 EPS.

Dynamic Technology Lab Private Ltd acquired a new stake in Federal Signal Corporation (NYSE:FSS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,040 shares of the conglomerate's stock, valued at approximately $297,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its holdings in Federal Signal by 16.2% in the 4th quarter. Cetera Investment Advisers now owns 4,622 shares of the conglomerate's stock valued at $427,000 after buying an additional 646 shares in the last quarter. Deutsche Bank AG grew its holdings in Federal Signal by 138.1% in the 4th quarter. Deutsche Bank AG now owns 86,100 shares of the conglomerate's stock valued at $7,955,000 after buying an additional 49,943 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Federal Signal by 154.6% in the 4th quarter. Janus Henderson Group PLC now owns 127,618 shares of the conglomerate's stock valued at $11,798,000 after buying an additional 77,489 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Federal Signal by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,228 shares of the conglomerate's stock valued at $3,162,000 after buying an additional 1,328 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Federal Signal by 13.6% in the 4th quarter. Millennium Management LLC now owns 308,708 shares of the conglomerate's stock valued at $28,522,000 after buying an additional 36,956 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on FSS shares. Wall Street Zen upgraded Federal Signal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. DA Davidson increased their price target on Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. 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. KeyCorp reiterated a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. Finally, Raymond James Financial increased their price target on Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. One 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 stock has a consensus rating of "Hold" and a consensus price target of $123.00.

Federal Signal Price Performance

FSS stock opened at $125.54 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25. The firm has a market capitalization of $7.63 billion, a P/E ratio of 34.97, a P/E/G ratio of 2.27 and a beta of 1.32. The business's 50-day moving average is $119.85 and its two-hundred day moving average is $98.36. 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 (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 analyst estimates of $537.24 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.Federal Signal's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Analysts anticipate that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Friday, August 15th were given 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 yield of 0.4%. Federal Signal's payout ratio is 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.

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