Federation des caisses Desjardins du Quebec Boosts Holdings in Federal Signal Corporation $FSS

Federation des caisses Desjardins du Quebec lifted its position in Federal Signal Corporation (NYSE:FSS - Free Report) by 19.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,820 shares of the conglomerate's stock after acquiring an additional 2,600 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Federal Signal were worth $1,164,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers grew its position in Federal Signal by 16.2% during the fourth quarter. Cetera Investment Advisers now owns 4,622 shares of the conglomerate's stock valued at $427,000 after buying an additional 646 shares during the period. CoreCap Advisors LLC lifted its holdings in Federal Signal by 19.9% during the fourth 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 last quarter. Deutsche Bank AG lifted its holdings in Federal Signal by 138.1% during the fourth quarter. Deutsche Bank AG now owns 86,100 shares of the conglomerate's stock valued at $7,955,000 after purchasing an additional 49,943 shares during the last quarter. Graham Capital Management L.P. lifted its holdings in Federal Signal by 119.2% during the fourth quarter. Graham Capital Management L.P. now owns 22,957 shares of the conglomerate's stock valued at $2,121,000 after purchasing an additional 12,483 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Federal Signal by 154.6% during the fourth quarter. Janus Henderson Group PLC now owns 127,618 shares of the conglomerate's stock valued at $11,798,000 after purchasing an additional 77,489 shares during the last quarter. Institutional investors own 92.73% of the company's stock.

Wall Street Analyst Weigh In

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

Federal Signal Price Performance

FSS traded down $2.31 on Friday, reaching $125.54. The company had a trading volume of 257,711 shares, compared to its average volume of 322,444. The business has a 50 day simple moving average of $119.85 and a 200 day simple moving average of $98.48. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 34.97, a P/E/G ratio of 2.27 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.

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

Federal Signal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Friday, August 15th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, August 15th. Federal Signal's dividend payout ratio (DPR) is currently 15.60%.

Federal Signal Company 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.