Pembroke Management LTD Boosts Stake in Federal Signal Corporation $FSS

Key Points

• Pembroke Management LTD increased its stake in Federal Signal Corporation by 6.3% during Q1, owning roughly 297,757 shares valued at approximately $21.9 million.
• Federal Signal reported earnings of $1.17 per share, surpassing analysts' expectations, alongside a revenue of $564.6 million for the quarter, reflecting a 15.1% increase from the previous year.
• The company announced a quarterly dividend of $0.14 per share, with a current annualized payout of $0.56 and a yield of 0.4%.

Pembroke Management LTD grew its stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 297,757 shares of the conglomerate's stock after acquiring an additional 17,741 shares during the period. Federal Signal accounts for 3.2% of Pembroke Management LTD's holdings, making the stock its 10th largest position. Pembroke Management LTD owned about 0.49% of Federal Signal worth $21,900,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Landscape Capital Management L.L.C. lifted its position in Federal Signal by 76.7% during the first quarter. Landscape Capital Management L.L.C. now owns 7,365 shares of the conglomerate's stock worth $542,000 after acquiring an additional 3,196 shares during the last quarter. Gabelli Funds LLC lifted its position in Federal Signal by 2.1% during the first quarter. Gabelli Funds LLC now owns 187,100 shares of the conglomerate's stock worth $13,761,000 after acquiring an additional 3,900 shares during the last quarter. Jane Street Group LLC lifted its position in Federal Signal by 1,020.5% during the first quarter. Jane Street Group LLC now owns 210,438 shares of the conglomerate's stock worth $15,478,000 after acquiring an additional 191,658 shares during the last quarter. Comerica Bank lifted its position in Federal Signal by 5.1% during the first quarter. Comerica Bank now owns 129,142 shares of the conglomerate's stock worth $9,498,000 after acquiring an additional 6,272 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in Federal Signal during the first quarter worth approximately $554,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. CJS Securities restated a "market perform" rating and set a $125.00 price objective on shares of Federal Signal in a research report on Thursday, July 31st. Wall Street Zen raised shares of Federal Signal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. KeyCorp reaffirmed a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. Raymond James Financial raised their target price on shares of Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, DA Davidson raised their target price on shares of Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a report 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 company's stock. Based on data from MarketBeat, Federal Signal has a consensus rating of "Hold" and a consensus price target of $123.00.

Federal Signal Price Performance

NYSE:FSS traded down $4.14 during mid-day trading on Friday, reaching $122.82. The stock had a trading volume of 408,992 shares, compared to its average volume of 512,214. The stock has a 50-day simple moving average of $116.39 and a two-hundred day simple moving average of $96.37. The stock has a market capitalization of $7.47 billion, a PE ratio of 34.21, a P/E/G ratio of 2.19 and a beta of 1.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $130.30.

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 analysts' consensus estimates of $1.06 by $0.11. The business had revenue of $564.60 million for the quarter, compared to analysts' expectations of $537.24 million. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The firm's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. On average, equities analysts anticipate that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Friday, August 15th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 15th. Federal Signal's dividend payout ratio (DPR) is 15.60%.

Federal Signal 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.