Fox Run Management L.L.C. Increases Position in Federal Signal Corporation $FSS

Key Points

• Fox Run Management L.L.C. significantly increased its stake in Federal Signal Corporation by 284.3%, owning 17,492 shares now worth approximately $1.29 million.
• Analyst upgrades have raised the price target for Federal Signal shares, with Raymond James setting a new target of $145.00 and maintaining an "outperform" rating.
• Federal Signal reported a 15.1% increase in revenue year-over-year in its latest earnings, with earnings per share of $1.17, exceeding estimates.

Fox Run Management L.L.C. lifted its holdings in Federal Signal Corporation (NYSE:FSS - Free Report) by 284.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,492 shares of the conglomerate's stock after acquiring an additional 12,940 shares during the period. Fox Run Management L.L.C.'s holdings in Federal Signal were worth $1,287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Opal Wealth Advisors LLC acquired a new stake in Federal Signal during the first quarter worth approximately $29,000. Bessemer Group Inc. boosted its holdings in shares of Federal Signal by 78.4% during the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock worth $31,000 after buying an additional 185 shares in the last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of Federal Signal by 201.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock worth $48,000 after buying an additional 440 shares in the last quarter. CoreCap Advisors LLC grew its position in shares of Federal Signal by 19.9% during the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after buying an additional 145 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its stake 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 acquiring an additional 162 shares in the last quarter. Institutional investors own 92.73% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Raymond James Financial increased their target price on shares of Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. DA Davidson upped their price objective on shares of Federal Signal from $100.00 to $112.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. CJS Securities restated a "market perform" rating and issued a $125.00 target price on shares of Federal Signal in a research note on Thursday, July 31st. Wall Street Zen raised Federal Signal from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, KeyCorp reiterated a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. One 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, Federal Signal currently has a consensus rating of "Hold" and an average target price of $123.00.

Federal Signal Stock Up 0.5%

Shares of Federal Signal stock traded up $0.6020 on Wednesday, hitting $125.9320. The company had a trading volume of 433,025 shares, compared to its average volume of 847,045. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $130.30. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60. The stock has a 50 day moving average of $112.83 and a 200-day moving average of $94.99. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 35.08, a P/E/G ratio of 2.23 and a beta of 1.30.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $564.60 million during the quarter, compared to the consensus estimate 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 was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company 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 forecast that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal declared that its board has authorized a share repurchase plan on Tuesday, April 22nd that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the conglomerate to purchase up to 3.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Federal Signal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Friday, August 15th will be paid a $0.14 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.56 annualized dividend and a dividend yield of 0.4%. Federal Signal's dividend payout ratio is presently 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.