Federal Signal Corporation $FSS Shares Purchased by Vident Advisory LLC

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 boosted its stake in Federal Signal Corporation (NYSE:FSS - Free Report) by 113.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,828 shares of the conglomerate's stock after purchasing an additional 2,567 shares during the period. Vident Advisory LLC's holdings in Federal Signal were worth $355,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new position in shares of Federal Signal in the first quarter worth $876,000. PNC Financial Services Group Inc. grew its stake in shares of Federal Signal by 29.1% in the first quarter. PNC Financial Services Group Inc. now owns 10,069 shares of the conglomerate's stock worth $741,000 after acquiring an additional 2,267 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Federal Signal by 21.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 15,641 shares of the conglomerate's stock worth $1,150,000 after acquiring an additional 2,724 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Federal Signal by 78.4% in the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock worth $31,000 after acquiring an additional 185 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Federal Signal by 66.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate's stock worth $814,000 after acquiring an additional 4,405 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Wall Street Analysts Forecast Growth

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

Federal Signal Price Performance

Shares of FSS opened at $124.78 on Tuesday. Federal Signal Corporation has a 1-year low of $66.47 and a 1-year high of $130.30. The stock has a market cap of $7.59 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 2.22 and a beta of 1.32. 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 firm has a fifty day moving average price of $118.71 and a 200 day moving average price of $97.49.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, beating 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 firm had revenue of $564.60 million during the quarter, compared to analysts' expectations of $537.24 million. During the same period in the previous year, the company earned $0.95 earnings per share. Federal Signal's quarterly 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. As a group, sell-side analysts anticipate that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Friday, August 15th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.56 dividend on an annualized basis and a yield of 0.4%. Federal Signal's payout ratio is 15.60%.

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.

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