Federal Signal Corporation $FSS Shares Sold by Conestoga Capital Advisors LLC

Key Points

• Conestoga Capital Advisors LLC reduced its holdings in Federal Signal Corporation by 1.8% in Q2, retaining approximately 1,353,428 shares worth $144 million, making it the 17th largest holding in their portfolio.
• In analyst ratings, Federal Signal has been upgraded to a "buy" rating by Wall Street Zen, while the company has an average rating of "hold" and a consensus target price of $123.00.
• Federal Signal reported a strong quarterly performance with earnings per share (EPS) of $1.17, surpassing expectations, and set its FY 2025 guidance at an EPS of $3.920-4.100.

Conestoga Capital Advisors LLC lessened its holdings in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 1.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,353,428 shares of the conglomerate's stock after selling 25,047 shares during the quarter. Federal Signal accounts for about 2.1% of Conestoga Capital Advisors LLC's investment portfolio, making the stock its 17th largest holding. Conestoga Capital Advisors LLC owned approximately 2.22% of Federal Signal worth $144,032,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Physician Wealth Advisors Inc. boosted its holdings in Federal Signal by 47.0% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate's stock worth $31,000 after acquiring an additional 93 shares during the period. Maryland State Retirement & Pension System boosted its holdings in Federal Signal by 0.6% in the 2nd quarter. Maryland State Retirement & Pension System now owns 17,918 shares of the conglomerate's stock worth $1,907,000 after acquiring an additional 106 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in Federal Signal by 16.9% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock worth $82,000 after acquiring an additional 162 shares during the period. Bessemer Group Inc. boosted its holdings in Federal Signal by 78.4% in the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock worth $31,000 after acquiring an additional 185 shares during the period. Finally, Harbor Investment Advisory LLC boosted its holdings in Federal Signal by 29.3% in the 2nd quarter. Harbor Investment Advisory LLC now owns 851 shares of the conglomerate's stock worth $91,000 after acquiring an additional 193 shares during the period. Hedge funds and other institutional investors own 92.73% of the company's stock.

Analyst Upgrades and Downgrades

FSS has been the subject of a number of analyst reports. KeyCorp restated a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. Wall Street Zen upgraded Federal Signal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. CJS Securities reiterated a "market perform" rating and set a $125.00 target price on shares of Federal Signal in a research note on Thursday, July 31st. Raymond James Financial increased their target price on Federal Signal from $120.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Zacks Research cut Federal Signal from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $123.00.

Federal Signal Stock Performance

Shares of FSS opened at $120.54 on Monday. The business's fifty day moving average price is $123.41 and its 200 day moving average price is $106.12. Federal Signal Corporation has a 12-month low of $66.47 and a 12-month high of $130.30. The stock has a market capitalization of $7.33 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 2.14 and a beta of 1.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.11. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The firm had revenue of $564.60 million for the quarter, compared to analysts' expectations of $537.24 million. During the same period last year, the business posted $0.95 earnings per share. The firm's revenue for the quarter was up 15.1% on a year-over-year basis. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Equities research analysts forecast that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

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

Want to see what other hedge funds are holding FSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Signal Corporation (NYSE:FSS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.