Cubist Systematic Strategies LLC Purchases 73,577 Shares of Federal Signal Corporation $FSS

Key Points

• Cubist Systematic Strategies LLC increased its stake in Federal Signal Corporation by 113.4%, acquiring 73,577 additional shares during the 1st quarter, bringing its total ownership to 138,484 shares valued at approximately $10.2 million.
• Federal Signal reported a non-GAAP EPS of $1.17 for the last quarter, exceeding consensus estimates, and a revenue increase of 15.1% year-over-year.
• The company's stock is currently down 3.3% and has a market cap of $7.47 billion with a PE ratio of 34.21.

Cubist Systematic Strategies LLC increased its position in Federal Signal Corporation (NYSE:FSS - Free Report) by 113.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 138,484 shares of the conglomerate's stock after buying an additional 73,577 shares during the period. Cubist Systematic Strategies LLC owned 0.23% of Federal Signal worth $10,185,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in Federal Signal during the first quarter worth approximately $29,000. Bessemer Group Inc. boosted its position in Federal Signal by 78.4% during the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock worth $31,000 after purchasing an additional 185 shares during the period. Harbor Investment Advisory LLC boosted its position in Federal Signal by 201.8% during the first quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock worth $48,000 after purchasing an additional 440 shares during the period. CoreCap Advisors LLC boosted its position in 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 during the period. Finally, Creative Financial Designs Inc. ADV boosted its position in Federal Signal by 16.9% during the first quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock worth $82,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 92.73% of the company's stock.

Analyst Upgrades and Downgrades

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

Federal Signal Stock Performance

Shares of FSS stock traded down $0.17 during trading hours on Friday, reaching $124.80. 230,267 shares of the company's stock were exchanged, compared to its average volume of 404,088. Federal Signal Corporation has a fifty-two week low of $66.47 and a fifty-two week high of $130.30. The stock has a market capitalization of $7.59 billion, a P/E ratio of 34.76, a P/E/G ratio of 2.22 and a beta of 1.32. The business has a fifty day moving average price of $118.35 and a 200-day moving average price of $97.27. 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 released 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 return on equity of 18.91% and a net margin of 11.22%.Federal Signal's quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 earnings per share. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Analysts predict that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

The company also recently disclosed 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 0.4%. Federal Signal's payout ratio is currently 15.60%.

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.