Federal Signal Corporation $FSS Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its stake in Federal Signal Corporation (NYSE:FSS) by 15.2% in Q1, now holding approximately 0.07% of the company valued at $3,045,000.
• Federal Signal reported $1.17 EPS for the last quarter, surpassing estimates, with a year-over-year revenue increase of 15.1% to $564.60 million.
• Analysts have set a consensus rating of "Hold" for FSS shares, with target prices ranging from $112.00 to $145.00.

Trexquant Investment LP decreased its stake in Federal Signal Corporation (NYSE:FSS - Free Report) by 15.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,407 shares of the conglomerate's stock after selling 7,396 shares during the period. Trexquant Investment LP owned 0.07% of Federal Signal worth $3,045,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FSS. Northern Trust Corp boosted its holdings in shares of Federal Signal by 10.8% in the 4th quarter. Northern Trust Corp now owns 693,729 shares of the conglomerate's stock valued at $64,094,000 after buying an additional 67,716 shares in the last quarter. AXA S.A. boosted its holdings in shares of Federal Signal by 19.4% in the 4th quarter. AXA S.A. now owns 74,650 shares of the conglomerate's stock valued at $6,897,000 after buying an additional 12,120 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Federal Signal by 21.8% in the 4th quarter. Ameriprise Financial Inc. now owns 691,798 shares of the conglomerate's stock valued at $63,915,000 after buying an additional 123,892 shares in the last quarter. Bridgefront Capital LLC acquired a new position in shares of Federal Signal in the 4th quarter valued at $224,000. Finally, Brevan Howard Capital Management LP boosted its holdings in shares of Federal Signal by 35.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 16,282 shares of the conglomerate's stock valued at $1,504,000 after buying an additional 4,228 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Wall Street Analyst Weigh In

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

Federal Signal Stock Performance

Federal Signal stock traded down $0.17 during trading hours on Friday, reaching $124.80. 230,267 shares of the stock were exchanged, compared to its average volume of 409,492. The stock has a market cap of $7.59 billion, a P/E ratio of 34.76, a P/E/G ratio of 2.22 and a beta of 1.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60. Federal Signal Corporation has a 52-week low of $66.47 and a 52-week high of $130.30. The firm's 50 day moving average is $118.35 and its 200 day moving average is $97.27.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 EPS 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 firm had revenue of $564.60 million for the quarter, compared to the consensus estimate of $537.24 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The firm'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. Analysts predict that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Friday, August 15th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, August 15th. Federal Signal's dividend payout ratio (DPR) 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.