Jane Street Group LLC Purchases 191,658 Shares of Federal Signal Corporation $FSS

Key Points

• Jane Street Group LLC has significantly increased its stake in Federal Signal Corporation by purchasing 191,658 shares, raising its ownership by 1,020.5% during the first quarter.
• Analysts have mostly rated Federal Signal as a "Hold," but recently a few firms upgraded their ratings and increased target prices, indicating positive sentiment for the stock.
• Federal Signal announced a quarterly dividend of $0.14 per share, reflecting a 0.5% yield with a dividend payout ratio of 15.60%.

Jane Street Group LLC lifted its position in Federal Signal Corporation (NYSE:FSS - Free Report) by 1,020.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,438 shares of the conglomerate's stock after buying an additional 191,658 shares during the period. Jane Street Group LLC owned about 0.35% of Federal Signal worth $15,478,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC increased its holdings in 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 purchasing an additional 145 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in Federal Signal by 16.9% during the 1st 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 in the last quarter. Bessemer Group Inc. increased its holdings in 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 purchasing an additional 185 shares in the last quarter. Xponance Inc. increased its holdings in Federal Signal by 5.2% during the 1st quarter. Xponance Inc. now owns 4,540 shares of the conglomerate's stock worth $334,000 after purchasing an additional 226 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Federal Signal by 3.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,662 shares of the conglomerate's stock worth $616,000 after purchasing an additional 237 shares in the last quarter. Institutional investors own 92.73% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FSS. Wall Street Zen upgraded Federal Signal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Raymond James Financial increased 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. CJS Securities reiterated a "market perform" rating and set a $125.00 target price on shares of Federal Signal in a report on Thursday, July 31st. KeyCorp restated a "sector weight" rating on shares of Federal Signal in a research note on Friday, July 11th. Finally, DA Davidson increased their price objective on shares of Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a research note 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $123.00.

Federal Signal Trading Down 3.3%

Federal Signal stock opened at $122.82 on Friday. The firm has a 50-day moving average of $116.39 and a 200-day moving average of $96.38. Federal Signal Corporation has a one year low of $66.47 and a one year high of $130.30. 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 $7.47 billion, a price-to-earnings ratio of 34.21, a P/E/G ratio of 2.19 and a beta of 1.30.

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, topping analysts' consensus estimates of $1.06 by $0.11. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The company had revenue of $564.60 million during the quarter, compared to the consensus estimate of $537.24 million. During the same period in the prior year, the business posted $0.95 EPS. The company's quarterly revenue was up 15.1% on a year-over-year basis. 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 company 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 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, August 15th. Federal Signal's dividend payout ratio (DPR) 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.

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