Federal Signal Corporation $FSS Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its shares in Federal Signal Corporation by 2.1% during the first quarter, maintaining ownership of approximately 1.11% of the company with a valuation of about $49.9 million.
• Federal Signal reported an earnings per share (EPS) of $1.17 for the last quarter, surpassing estimates by $0.11, and confirming a year-over-year revenue growth of 15.1%.
• The company declared a quarterly dividend of $0.14 per share, which is scheduled to be paid on August 28th, representing an annualized yield of 0.4% with a payout ratio of 15.6%.

Northern Trust Corp cut its stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 679,011 shares of the conglomerate's stock after selling 14,718 shares during the quarter. Northern Trust Corp owned approximately 1.11% of Federal Signal worth $49,941,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in shares of Federal Signal in the 1st quarter worth approximately $876,000. PNC Financial Services Group Inc. lifted its holdings in shares of Federal Signal by 29.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,069 shares of the conglomerate's stock worth $741,000 after purchasing an additional 2,267 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Federal Signal by 21.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 15,641 shares of the conglomerate's stock worth $1,150,000 after purchasing an additional 2,724 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of 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 purchasing an additional 185 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Federal Signal by 66.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate's stock worth $814,000 after purchasing an additional 4,405 shares during the last quarter. Institutional investors own 92.73% of the company's stock.

Analyst Upgrades and Downgrades

FSS has been the topic of several recent research reports. DA Davidson raised their price target on Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. CJS Securities reissued a "market perform" rating and issued a $125.00 price target on shares of Federal Signal in a report on Thursday, July 31st. Wall Street Zen raised Federal Signal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. KeyCorp reissued a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. Finally, Raymond James Financial increased their price objective on Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $123.00.

Federal Signal Stock Performance

Shares of NYSE FSS opened at $127.81 on Thursday. The stock has a fifty day moving average price of $115.46 and a two-hundred day moving average price of $96.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60. The firm has a market cap of $7.77 billion, a P/E ratio of 35.60, a PEG ratio of 2.27 and a beta of 1.30. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $130.30.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $564.60 million during the quarter, compared to analyst estimates of $537.24 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The firm's quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the company posted $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Research analysts forecast that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, August 15th. Federal Signal's dividend payout ratio (DPR) is presently 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.

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