Envestnet Portfolio Solutions Inc. acquired a new stake in Federal Signal Corporation (NYSE:FSS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,180 shares of the conglomerate's stock, valued at approximately $338,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in Federal Signal in the first quarter valued at $876,000. PNC Financial Services Group Inc. boosted its holdings in Federal Signal by 29.1% in the first quarter. PNC Financial Services Group Inc. now owns 10,069 shares of the conglomerate's stock valued at $741,000 after acquiring an additional 2,267 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Federal Signal by 21.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 15,641 shares of the conglomerate's stock valued at $1,150,000 after acquiring an additional 2,724 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Federal Signal by 78.4% in the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock valued at $31,000 after acquiring an additional 185 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Federal Signal by 66.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate's stock valued at $814,000 after acquiring an additional 4,405 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.
Analyst Upgrades and Downgrades
FSS has been the topic of a number of research analyst reports. KeyCorp reiterated a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. 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. Weiss Ratings restated a "buy (b)" rating on shares of Federal Signal in a research note on Wednesday, October 8th. DA Davidson boosted 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. Finally, Zacks Research cut Federal Signal from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $123.00.
Read Our Latest Report on Federal Signal
Federal Signal Trading Up 2.9%
Shares of NYSE FSS opened at $125.13 on Friday. The stock's 50 day moving average price is $122.98 and its two-hundred day moving average price is $107.08. Federal Signal Corporation has a 52-week low of $66.47 and a 52-week high of $130.30. The stock has a market capitalization of $7.61 billion, a P/E ratio of 34.85, a PEG ratio of 2.16 and a beta of 1.29. 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 data on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $564.60 million for the quarter, compared to analysts' expectations of $537.24 million. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Federal Signal's revenue for the quarter 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, analysts anticipate that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.
Federal Signal Company Profile
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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.
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