Trexquant Investment LP Sells 7,396 Shares of Federal Signal Corporation $FSS

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 trimmed its holdings in Federal Signal Corporation (NYSE:FSS - Free Report) by 15.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,407 shares of the conglomerate's stock after selling 7,396 shares during the quarter. Trexquant Investment LP owned 0.07% of Federal Signal worth $3,045,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

FSS has been the topic of a number of research reports. Wall Street Zen upgraded Federal Signal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. KeyCorp restated a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. 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. DA Davidson increased their price objective on Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Finally, CJS Securities restated a "market perform" rating and issued a $125.00 price objective on shares of Federal Signal in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Federal Signal presently has a consensus rating of "Hold" and a consensus target price of $123.00.

Federal Signal Stock Performance

Federal Signal stock traded up $0.79 during trading hours on Monday, reaching $125.72. 35,139 shares of the company were exchanged, compared to its average volume of 567,051. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 2.22 and a beta of 1.32. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average of $118.35 and a 200 day moving average of $97.27. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $130.30.

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

Federal Signal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Friday, August 15th were paid 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 is currently 15.60%.

About Federal Signal

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.