Vident Advisory LLC Has $355,000 Stock Holdings in Federal Signal Corporation $FSS

Key Points

• Vident Advisory LLC increased its stake in Federal Signal Corporation by 113.5%, ending the first quarter with holdings worth $355,000 after purchasing an additional 2,567 shares.
• Federal Signal recently reported a quarterly earnings per share of $1.17, exceeding analysts' expectations, with quarterly revenue rising 15.1% compared to the previous year.
• Wall Street analysts have generally maintained a "Hold" rating on the stock, with an average price target of $123.00, although some firms have upgraded their ratings to "Buy" and increased price targets significantly.

Vident Advisory LLC lifted its position in Federal Signal Corporation (NYSE:FSS - Free Report) by 113.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,828 shares of the conglomerate's stock after buying an additional 2,567 shares during the quarter. Vident Advisory LLC's holdings in Federal Signal were worth $355,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FSS. The Manufacturers Life Insurance Company grew its holdings in shares of Federal Signal by 1,266.0% during the first quarter. The Manufacturers Life Insurance Company now owns 464,593 shares of the conglomerate's stock worth $34,171,000 after purchasing an additional 430,583 shares during the last quarter. Pembroke Management LTD increased its holdings in Federal Signal by 6.3% in the 1st quarter. Pembroke Management LTD now owns 297,757 shares of the conglomerate's stock worth $21,900,000 after acquiring an additional 17,741 shares during the last quarter. Landscape Capital Management L.L.C. increased its holdings in Federal Signal by 76.7% in the 1st 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 boosted its stake in Federal Signal by 2.1% in the 1st quarter. Gabelli Funds LLC now owns 187,100 shares of the conglomerate's stock worth $13,761,000 after purchasing an additional 3,900 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Federal Signal by 1,020.5% during the 1st quarter. Jane Street Group LLC now owns 210,438 shares of the conglomerate's stock valued at $15,478,000 after acquiring an additional 191,658 shares during the last quarter. Institutional investors own 92.73% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FSS. Wall Street Zen raised Federal Signal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. KeyCorp reiterated a "sector weight" rating on shares of Federal Signal in a research 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 research note on Thursday, July 31st. DA Davidson raised their price objective on Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Finally, Raymond James Financial lifted their price target on 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 stock. According to data from MarketBeat, Federal Signal currently has a consensus rating of "Hold" and an average price target of $123.00.

Federal Signal Stock Performance

Shares of NYSE FSS traded down $2.31 during midday trading on Friday, reaching $125.54. 257,711 shares of the company were exchanged, compared to its average volume of 322,444. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The stock has a market cap of $7.63 billion, a P/E ratio of 34.97, a PEG ratio of 2.27 and a beta of 1.32. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $130.30. The stock has a fifty day simple moving average of $119.85 and a 200 day simple moving average of $98.48.

Federal Signal (NYSE:FSS - Get Free Report) last issued 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. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The business had revenue of $564.60 million during the quarter, compared to analysts' expectations of $537.24 million. During the same period last year, the company posted $0.95 EPS. The company's revenue was up 15.1% on a year-over-year basis. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. On average, 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 announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Friday, August 15th were paid a $0.14 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.56 dividend on an annualized basis and a yield of 0.4%. Federal Signal's dividend payout ratio (DPR) is presently 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.