Federation des caisses Desjardins du Quebec lifted its position in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 19.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,820 shares of the conglomerate's stock after purchasing an additional 2,600 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Federal Signal were worth $1,164,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the company. Nuveen LLC bought a new stake in shares of Federal Signal in the first quarter worth $45,307,000. The Manufacturers Life Insurance Company increased its stake in shares of Federal Signal by 1,266.0% in the first quarter. The Manufacturers Life Insurance Company now owns 464,593 shares of the conglomerate's stock worth $34,171,000 after buying an additional 430,583 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Federal Signal in the first quarter worth $26,144,000. Jane Street Group LLC increased its stake in shares of Federal Signal by 1,020.5% in the first quarter. Jane Street Group LLC now owns 210,438 shares of the conglomerate's stock worth $15,478,000 after buying an additional 191,658 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in shares of Federal Signal by 1,432.9% in the first quarter. Handelsbanken Fonder AB now owns 203,260 shares of the conglomerate's stock worth $14,950,000 after buying an additional 190,000 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.
Federal Signal Price Performance
FSS stock traded down $1.77 during trading on Friday, hitting $126.09. The company had a trading volume of 104,036 shares, compared to its average volume of 561,086. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 35.12, a P/E/G ratio of 2.24 and a beta of 1.32. The business has a 50 day moving average of $119.64 and a 200 day moving average of $98.12. Federal Signal Corporation has a fifty-two week low of $66.47 and a fifty-two week high of $130.30. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20.
Federal Signal (NYSE:FSS - Get Free Report) last posted 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 return on equity of 18.91% and a net margin of 11.22%.The company 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 business earned $0.95 EPS. The company's quarterly revenue was up 15.1% compared to the same quarter last year. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. As a group, research analysts predict that Federal Signal Corporation will post 3.34 earnings per share for the current year.
Federal Signal Dividend Announcement
The company 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.56 dividend on an annualized basis and a yield of 0.4%. Federal Signal's dividend payout ratio is currently 15.60%.
Analyst Ratings Changes
Several analysts have weighed in on FSS shares. KeyCorp reiterated a "sector weight" rating on shares of Federal Signal in a research note on Friday, July 11th. CJS Securities restated a "market perform" rating and set a $125.00 price target on shares of Federal Signal in a research report on Thursday, July 31st. Raymond James Financial upped their price target on shares of Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. DA Davidson upped their price target on shares of Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Federal Signal from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Federal Signal currently has a consensus rating of "Hold" and an average target price of $123.00.
View Our Latest Stock Report on Federal Signal
About Federal Signal
(
Free Report)
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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