Federal Signal Corporation $FSS Shares Sold by Gamco Investors INC. ET AL

Key Points

• Gamco Investors INC. ET AL reduced its stake in Federal Signal Corporation by 2.7% during the first quarter, now holding approximately 371,679 shares valued at $27.3 million.
• In addition to Gamco, several other hedge funds have modified their positions in Federal Signal, with Bessemer Group Inc. increasing its holdings by 78.4% during the same period.
• Federal Signal reported strong earnings for the last quarter, with $564.6 million in revenue and $1.17 earnings per share, exceeding analyst expectations.

Gamco Investors INC. ET AL lowered its holdings in Federal Signal Corporation (NYSE:FSS - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 371,679 shares of the conglomerate's stock after selling 10,330 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.61% of Federal Signal worth $27,337,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Nuveen LLC purchased a new stake in shares of Federal Signal in the 1st quarter valued at $45,307,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Federal Signal in the 1st quarter valued at $26,144,000. ArrowMark Colorado Holdings LLC lifted its stake in shares of Federal Signal by 67.9% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 518,486 shares of the conglomerate's stock valued at $47,903,000 after purchasing an additional 209,655 shares during the period. Jane Street Group LLC lifted its stake in shares of Federal Signal by 1,020.5% in the 1st quarter. Jane Street Group LLC now owns 210,438 shares of the conglomerate's stock valued at $15,478,000 after purchasing an additional 191,658 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of Federal Signal by 1,432.9% in the 1st quarter. Handelsbanken Fonder AB now owns 203,260 shares of the conglomerate's stock valued at $14,950,000 after purchasing an additional 190,000 shares during the period. Hedge funds and other institutional investors own 92.73% of the company's stock.

Wall Street Analyst Weigh In

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

Federal Signal Price Performance

NYSE:FSS traded down $4.14 during trading hours on Friday, reaching $122.82. 408,992 shares of the company were exchanged, compared to its average volume of 544,984. 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 stock's 50-day moving average is $116.39 and its 200-day moving average is $96.38. The firm has a market cap of $7.47 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 2.19 and a beta of 1.30. Federal Signal Corporation has a twelve month low of $66.47 and a twelve month high of $130.30.

Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.11. The company had revenue of $564.60 million during 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 firm's revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 earnings per share. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. On average, sell-side analysts anticipate that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Friday, August 15th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 15th. Federal Signal's dividend payout ratio is 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.