Federal Signal Corporation $FSS Stock Holdings Lifted by PineStone Asset Management Inc.

Key Points

• PineStone Asset Management Inc. increased its holdings in Federal Signal Corporation (NYSE:FSS) by 13.3% during Q2, owning 198,184 shares valued at approximately $21.1 million.
• Wall Street analysts have raised their price targets for FSS, with Raymond James setting a new target of $145 and reiterating an "outperform" rating.
• Federal Signal recently announced a quarterly dividend of $0.14 per share, reflecting a 0.5% dividend yield and a payout ratio of 15.6%.

PineStone Asset Management Inc. lifted its holdings in Federal Signal Corporation (NYSE:FSS - Free Report) by 13.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 198,184 shares of the conglomerate's stock after buying an additional 23,300 shares during the quarter. PineStone Asset Management Inc. owned approximately 0.33% of Federal Signal worth $21,091,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Cetera Investment Advisers lifted its position in Federal Signal by 16.2% in the 4th quarter. Cetera Investment Advisers now owns 4,622 shares of the conglomerate's stock valued at $427,000 after purchasing an additional 646 shares during the last quarter. Squarepoint Ops LLC lifted its position in Federal Signal by 412.6% in the 4th quarter. Squarepoint Ops LLC now owns 20,018 shares of the conglomerate's stock valued at $1,849,000 after purchasing an additional 16,113 shares during the last quarter. Vident Advisory LLC bought a new stake in Federal Signal in the 4th quarter valued at about $209,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Federal Signal by 14.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,401 shares of the conglomerate's stock valued at $16,113,000 after purchasing an additional 21,971 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in Federal Signal by 18.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 21,443 shares of the conglomerate's stock valued at $1,981,000 after purchasing an additional 3,377 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FSS has been the topic of several recent research reports. Raymond James Financial lifted their price objective 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. DA Davidson lifted their price objective 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. CJS Securities reiterated a "market perform" rating and issued a $125.00 price objective on shares of Federal Signal in a research report on Thursday, July 31st. Wall Street Zen raised shares of Federal Signal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, KeyCorp reissued a "sector weight" rating on shares of Federal Signal in a research note on Friday, July 11th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $123.00.

Federal Signal Stock Up 1.2%

Federal Signal stock opened at $122.74 on Friday. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 2.16 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 company's 50-day moving average price is $122.63 and its two-hundred day moving average price is $101.11. Federal Signal Corporation has a 52 week low of $66.47 and a 52 week high of $130.30.

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

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Friday, August 15th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.56 annualized dividend and a dividend yield of 0.5%. 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.

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