The Manufacturers Life Insurance Company Increases Position in Federal Signal Corporation $FSS

Key Points

• The Manufacturers Life Insurance Company significantly increased its stake in Federal Signal Corporation by 1,266.0% in the first quarter, now owning approximately 0.76% of shares valued at $34.17 million.
• Federal Signal's stock price recently opened at $122.82, with financial performance showing a 15.1% increase in revenue compared to the same quarter last year, reporting earnings per share of $1.17.
• The company declared a quarterly dividend of $0.14, representing a 0.5% annual yield, with a current dividend payout ratio of 15.60%.

The Manufacturers Life Insurance Company raised its position in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 1,266.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 464,593 shares of the conglomerate's stock after buying an additional 430,583 shares during the period. The Manufacturers Life Insurance Company owned about 0.76% of Federal Signal worth $34,171,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FSS. Opal Wealth Advisors LLC purchased a new position in shares of Federal Signal during the first quarter valued at approximately $29,000. Bessemer Group Inc. boosted its stake in shares of Federal Signal by 78.4% during the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock valued at $31,000 after purchasing an additional 185 shares in the last quarter. Harbor Investment Advisory LLC increased its position in shares of Federal Signal by 201.8% during the first quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock valued at $48,000 after buying an additional 440 shares during the period. CoreCap Advisors LLC lifted its holdings in Federal Signal by 19.9% in the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after buying an additional 145 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its position in Federal Signal by 16.9% during 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. Institutional investors own 92.73% of the company's stock.

Federal Signal Price Performance

Shares of FSS stock traded down $0.17 on Friday, reaching $124.80. 230,267 shares of the company were exchanged, compared to its average volume of 570,257. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $130.30. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60. The business has a 50-day moving average price of $117.94 and a 200 day moving average price of $97.10. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 34.76, a P/E/G ratio of 2.17 and a beta of 1.32.

Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, topping 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 company had revenue of $564.60 million for the quarter, compared to analysts' expectations of $537.24 million. During the same period in the previous year, the firm posted $0.95 EPS. Federal Signal's revenue 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. Equities research analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

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 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, August 15th. Federal Signal's dividend payout ratio is currently 15.60%.

Wall Street Analysts Forecast Growth

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

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.