Ameriprise Financial Inc. Has $36.09 Million Stake in Federal Signal Corporation $FSS

Key Points

• Ameriprise Financial Inc. has reduced its holdings in Federal Signal Corporation by 29.1%, selling 201,111 shares and now owning 490,687 shares valued at $36.09 million.
• Federal Signal reported an earnings per share (EPS) of $1.17 for the last quarter, exceeding the consensus estimate of $1.06, and also achieved a revenue of $564.60 million, up 15.1% year-over-year.
• The company recently announced a quarterly dividend of $0.14 per share, with an annualized yield of 0.5%, and a payout ratio of 15.60%.

Ameriprise Financial Inc. decreased its stake in Federal Signal Corporation (NYSE:FSS - Free Report) by 29.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 490,687 shares of the conglomerate's stock after selling 201,111 shares during the period. Ameriprise Financial Inc. owned 0.80% of Federal Signal worth $36,090,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. 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 valued at $81,000 after acquiring an additional 145 shares in the last quarter. 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 valued at $82,000 after acquiring an additional 162 shares in the last quarter. 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 valued at $31,000 after acquiring an additional 185 shares in the last quarter. Xponance Inc. grew its holdings in shares of Federal Signal by 5.2% in the 1st quarter. Xponance Inc. now owns 4,540 shares of the conglomerate's stock valued at $334,000 after acquiring an additional 226 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Federal Signal by 3.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,662 shares of the conglomerate's stock valued at $616,000 after purchasing an additional 237 shares during the last quarter. Institutional investors own 92.73% of the company's stock.

Federal Signal Stock Performance

FSS stock traded down $0.44 during mid-day trading on Wednesday, hitting $121.87. 108,095 shares of the company were exchanged, compared to its average volume of 572,754. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. Federal Signal Corporation has a 1-year low of $66.47 and a 1-year high of $130.30. The business has a 50 day simple moving average of $117.16 and a 200-day simple moving average of $96.73. The stock has a market capitalization of $7.41 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 2.19 and a beta of 1.32.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.11. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The company had revenue of $564.60 million during the quarter, compared to the consensus estimate of $537.24 million. During the same period in the previous year, the business earned $0.95 earnings per share. The firm's quarterly 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. On average, equities analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Friday, August 15th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 15th. Federal Signal's payout ratio is presently 15.60%.

Analyst Upgrades and Downgrades

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

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.