Federal Signal Corporation $FSS Shares Purchased by Cubist Systematic Strategies LLC

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 shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 113.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,484 shares of the conglomerate's stock after acquiring an additional 73,577 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.23% of Federal Signal worth $10,185,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Northern Trust Corp grew its position in Federal Signal by 10.8% during the 4th quarter. Northern Trust Corp now owns 693,729 shares of the conglomerate's stock worth $64,094,000 after purchasing an additional 67,716 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its stake in Federal Signal by 90.2% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 25,668 shares of the conglomerate's stock valued at $2,371,000 after purchasing an additional 12,172 shares in the last quarter. AXA S.A. lifted its position in Federal Signal by 19.4% during the 4th quarter. AXA S.A. now owns 74,650 shares of the conglomerate's stock worth $6,897,000 after acquiring an additional 12,120 shares during the period. Ameriprise Financial Inc. lifted its position in Federal Signal by 21.8% during the 4th quarter. Ameriprise Financial Inc. now owns 691,798 shares of the conglomerate's stock worth $63,915,000 after acquiring an additional 123,892 shares during the period. Finally, Bridgefront Capital LLC acquired a new stake in Federal Signal during the 4th quarter worth about $224,000. Institutional investors own 92.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FSS shares. Wall Street Zen raised Federal Signal from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. KeyCorp reaffirmed a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. CJS Securities reaffirmed a "market perform" rating and issued a $125.00 price objective on shares of Federal Signal in a report on Thursday, July 31st. Raymond James Financial upped their price objective 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. Finally, DA Davidson upped their price objective 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. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Federal Signal currently has an average rating of "Hold" and a consensus price target of $123.00.

Federal Signal Stock Performance

NYSE FSS traded down $0.17 during mid-day trading on Friday, reaching $124.80. 230,267 shares of the stock were exchanged, compared to its average volume of 409,492. The business's 50 day moving average is $118.35 and its 200-day moving average is $97.28. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $130.30. The company 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 company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60.

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 for the quarter, topping analysts' consensus estimates of $1.06 by $0.11. The company had revenue of $564.60 million during 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 revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the business 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 forecast that Federal Signal Corporation will post 3.34 EPS for the current fiscal 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 $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, August 15th. Federal Signal's dividend payout ratio is 15.60%.

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.