T. Rowe Price Investment Management Inc. Has $79.94 Million Stock Holdings in Federal Signal Corporation $FSS

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in Federal Signal Corporation by 3.3%, owning approximately 1.78% of the company after selling 37,294 shares during the 1st quarter.
• Federal Signal reported earnings of $1.17 per share, exceeding analysts' expectations of $1.06, with quarterly revenue up 15.1% year-over-year.
• The company announced a quarterly dividend of $0.14 per share, representing an annual yield of 0.4%, with a payout ratio of 15.60%.

T. Rowe Price Investment Management Inc. decreased its holdings in Federal Signal Corporation (NYSE:FSS - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,086,926 shares of the conglomerate's stock after selling 37,294 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 1.78% of Federal Signal worth $79,944,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in shares of Federal Signal in the 1st quarter valued at $29,000. Bessemer Group Inc. boosted its holdings in shares of Federal Signal by 78.4% during the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock valued at $31,000 after acquiring an additional 185 shares in the last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of Federal Signal by 201.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock valued at $48,000 after acquiring an additional 440 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Federal Signal by 19.9% during the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock valued at $81,000 after acquiring an additional 145 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of Federal Signal by 16.9% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock valued at $82,000 after acquiring an additional 162 shares in the last quarter. Institutional investors own 92.73% of the company's stock.

Wall Street Analyst Weigh In

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

Federal Signal Trading Up 0.4%

FSS traded up $0.46 during midday trading on Wednesday, hitting $127.89. 151,196 shares of the company were exchanged, compared to its average volume of 577,648. The firm has a market capitalization of $7.77 billion, a P/E ratio of 35.60, a P/E/G ratio of 2.25 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. The firm's 50 day moving average price is $114.94 and its 200-day moving average price is $95.79. The company has a quick ratio of 1.25, a current ratio of 2.60 and a debt-to-equity ratio of 0.20.

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, beating analysts' consensus estimates of $1.06 by $0.11. The company had revenue of $564.60 million for the quarter, compared to the consensus estimate of $537.24 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The firm's revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. As a group, equities analysts forecast that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Friday, August 15th will be paid 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 of this dividend is Friday, August 15th. Federal Signal's payout ratio is currently 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.