Hsbc Holdings PLC Cuts Stock Position in Federal Signal Corporation $FSS

Key Points

• HSBC Holdings PLC reduced its stake in Federal Signal Corporation by 16.7%, selling 6,648 shares, resulting in ownership of 33,063 shares valued at approximately $2.44 million.
• Federal Signal recently announced a quarterly dividend of $0.14 per share, payable on August 28th, with an annual yield of 0.4% and a payout ratio of 15.60%.
• Analysts have revised price targets for Federal Signal, with Raymond James increasing its target from $120 to $145, while the average price target is now $123, indicating a mostly "Hold" rating across multiple analysts.

Hsbc Holdings PLC lessened its holdings in Federal Signal Corporation (NYSE:FSS - Free Report) by 16.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,063 shares of the conglomerate's stock after selling 6,648 shares during the quarter. Hsbc Holdings PLC owned 0.05% of Federal Signal worth $2,442,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FSS. Opal Wealth Advisors LLC acquired a new stake in shares of Federal Signal during the first quarter worth about $29,000. Bessemer Group Inc. lifted its holdings in shares of Federal Signal by 78.4% during the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock worth $31,000 after purchasing an additional 185 shares during the period. Harbor Investment Advisory LLC lifted its holdings in shares of Federal Signal by 201.8% during the first quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock worth $48,000 after purchasing an additional 440 shares during the period. CoreCap Advisors LLC lifted its holdings in shares of Federal Signal by 19.9% during the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after purchasing an additional 145 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Federal Signal by 16.9% during the first quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock worth $82,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 92.73% of the company's stock.

Analyst Ratings Changes

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

Federal Signal Stock Performance

FSS stock traded down $0.63 during trading on Tuesday, hitting $122.36. 304,500 shares of the company traded hands, compared to its average volume of 488,535. The stock's 50-day simple moving average is $117.16 and its 200 day simple moving average is $96.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25. The company has a market cap of $7.44 billion, a PE ratio of 34.08, a P/E/G ratio of 2.19 and a beta of 1.32. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year 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 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.11. The business had revenue of $564.60 million during the quarter, compared to analysts' expectations of $537.24 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The business's revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 earnings per share. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. On average, equities analysts expect that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Friday, August 15th were given a $0.14 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. Federal Signal's payout ratio is 15.60%.

About Federal Signal

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.