American Century Companies Inc. Increases Stock Position in Federal Signal Corporation $FSS

Key Points

• American Century Companies Inc. increased its stake in Federal Signal Corporation by 19.6%, owning 35,123 shares worth approximately $2.58 million.
• A number of institutional investors, including Northern Trust Corp and Schonfeld Strategic Advisors LLC, have also recently raised their stakes in Federal Signal, indicating strong investor interest with 92.73% of the company's stock now owned by institutional investors.
• Analysts have issued mixed ratings on Federal Signal, with a consensus price target of $123.00, while shares currently trade around $122.82, reflecting a 3.3% decline.

American Century Companies Inc. lifted its holdings in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 19.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,123 shares of the conglomerate's stock after purchasing an additional 5,756 shares during the quarter. American Century Companies Inc. owned about 0.06% of Federal Signal worth $2,583,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. CoreCap Advisors LLC lifted its position in shares of Federal Signal by 19.9% during the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after purchasing an additional 145 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Federal Signal by 16.9% in the first 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. raised 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 in the last quarter. Xponance Inc. raised its holdings in Federal Signal by 5.2% in the first 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 raised its holdings in Federal Signal by 3.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,662 shares of the conglomerate's stock valued at $616,000 after acquiring an additional 237 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Federal Signal Stock Performance

Shares of FSS traded up $2.11 during mid-day trading on Thursday, reaching $124.16. 76,882 shares of the company's stock were exchanged, compared to its average volume of 571,337. 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 stock has a market capitalization of $7.55 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 2.19 and a beta of 1.32. The business's fifty day simple moving average is $117.54 and its 200-day simple moving average is $96.91. Federal Signal Corporation has a 52-week low of $66.47 and a 52-week high of $130.30.

Federal Signal (NYSE:FSS - Get Free Report) last announced its earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.11. The business had revenue of $564.60 million for the quarter, compared to analyst estimates of $537.24 million. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The company's revenue for the quarter 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 research analysts expect that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wall Street Zen raised shares of Federal Signal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. CJS Securities reaffirmed a "market perform" rating and issued a $125.00 target price on shares of Federal Signal in a report on Thursday, July 31st. KeyCorp reaffirmed a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. 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 report on Thursday, July 31st. Finally, 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 report on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $123.00.

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.