Cliftonlarsonallen Wealth Advisors LLC reduced its stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 40.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,311 shares of the conglomerate's stock after selling 19,064 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC's holdings in Federal Signal were worth $3,137,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of FSS. Ifrah Financial Services Inc. raised its position in shares of Federal Signal by 18.1% in the 3rd quarter. Ifrah Financial Services Inc. now owns 2,908 shares of the conglomerate's stock valued at $322,000 after acquiring an additional 445 shares during the period. GAMMA Investing LLC increased its stake in Federal Signal by 10.9% in the third quarter. GAMMA Investing LLC now owns 3,090 shares of the conglomerate's stock valued at $342,000 after purchasing an additional 304 shares in the last quarter. Congress Asset Management Co. raised its holdings in Federal Signal by 23.2% in the third quarter. Congress Asset Management Co. now owns 894,846 shares of the conglomerate's stock worth $99,140,000 after purchasing an additional 168,708 shares during the period. Dudley & Shanley Inc. raised its holdings in Federal Signal by 2.8% in the third quarter. Dudley & Shanley Inc. now owns 174,050 shares of the conglomerate's stock worth $19,283,000 after purchasing an additional 4,765 shares during the period. Finally, Central Pacific Bank Trust Division raised its holdings in Federal Signal by 11.2% in the third quarter. Central Pacific Bank Trust Division now owns 1,980 shares of the conglomerate's stock worth $219,000 after purchasing an additional 200 shares during the period. 92.73% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Federal Signal news, VP Diane Bonina sold 14,856 shares of Federal Signal stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $130.44, for a total value of $1,937,816.64. Following the sale, the vice president owned 15,689 shares of the company's stock, valued at $2,046,473.16. This trade represents a 48.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.30% of the company's stock.
Federal Signal Stock Performance
Shares of FSS opened at $112.97 on Thursday. The firm has a market cap of $6.90 billion, a P/E ratio of 23.31, a PEG ratio of 1.56 and a beta of 1.23. Federal Signal Corporation has a twelve month low of $101.18 and a twelve month high of $134.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.21 and a current ratio of 2.74. The firm's 50 day moving average price is $117.89 and its two-hundred day moving average price is $116.84.
Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.13. Federal Signal had a net margin of 11.66% and a return on equity of 21.36%. The company had revenue of $670.20 million during the quarter, compared to the consensus estimate of $667.04 million. During the same quarter in the prior year, the firm earned $1.17 earnings per share. The firm's revenue was up 18.7% compared to the same quarter last year. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. On average, analysts forecast that Federal Signal Corporation will post 5.23 EPS for the current fiscal year.
Federal Signal Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Friday, August 14th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. Federal Signal's dividend payout ratio is presently 12.93%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on FSS. Weiss Ratings raised shares of Federal Signal from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Zacks Research cut shares of Federal Signal from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 12th. Citigroup assumed coverage on shares of Federal Signal in a research report on Monday, August 17th. They issued a "buy" rating and a $150.00 price objective for the company. Finally, Wall Street Zen downgraded Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $140.50.
Get Our Latest Stock Report on Federal Signal
Federal Signal Profile
(
Free Report)
Federal Signal Corporation is a manufacturer of environmental and safety solutions serving municipalities, government agencies, industrial customers and commercial organizations. The company designs and produces equipment used to maintain infrastructure, manage environmental services and improve public and workplace safety.
Its Environmental Solutions Group offers street sweepers, sewer cleaners, vacuum trucks, hydro-excavation equipment and related products for street, sewer and infrastructure maintenance.
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