Jefferies Financial Group Inc. Invests $3.59 Million in Federal Signal Corporation $FSS

Jefferies Financial Group Inc. purchased a new stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 27,940 shares of the conglomerate's stock, valued at approximately $3,590,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of Federal Signal by 140.6% during the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate's stock valued at $26,000 after buying an additional 142 shares during the last quarter. Palladiem LLC bought a new position in Federal Signal in the 4th quarter valued at $27,000. Physician Wealth Advisors Inc. increased its stake in Federal Signal by 57.2% in the first quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate's stock worth $27,000 after purchasing an additional 91 shares during the period. Allworth Financial LP bought a new stake in shares of Federal Signal during the second quarter worth $33,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Federal Signal by 3,100.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate's stock worth $30,000 after purchasing an additional 248 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Federal Signal news, VP Diane Bonina sold 14,856 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $130.44, for a total transaction of $1,937,816.64. Following the sale, the vice president owned 15,689 shares of the company's stock, valued at approximately $2,046,473.16. This trade represents a 48.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Federal Signal Stock Down 1.7%

NYSE:FSS opened at $118.37 on Friday. Federal Signal Corporation has a 1-year low of $101.18 and a 1-year high of $134.51. The company has a 50-day moving average of $122.57 and a 200 day moving average of $116.48. The firm has a market cap of $7.23 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 1.64 and a beta of 1.24. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.74 and a quick ratio of 1.21.

Federal Signal (NYSE:FSS - Get Free Report) last posted its earnings results on Thursday, July 30th. The conglomerate reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.13. Federal Signal had a net margin of 11.66% and a return on equity of 21.36%. The business had revenue of $670.20 million for the quarter, compared to the consensus estimate of $667.04 million. During the same quarter last year, the firm posted $1.17 EPS. The company's revenue for the quarter was up 18.7% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. As a group, research analysts anticipate that Federal Signal Corporation will post 5.23 EPS for the current fiscal year.

Federal Signal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Friday, August 14th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, August 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. Federal Signal's dividend payout ratio is currently 12.93%.

Wall Street Analysts Forecast Growth

FSS has been the topic of a number of research analyst reports. Zacks Research cut shares of Federal Signal from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 12th. Citigroup began coverage on shares of Federal Signal in a research report on Monday, August 17th. They issued a "buy" rating and a $150.00 price objective for the company. Wall Street Zen downgraded shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. DA Davidson lifted their price target on shares of Federal Signal from $125.00 to $132.00 and gave the company a "neutral" rating in a research note on Friday, May 1st. Finally, Weiss Ratings upgraded Federal Signal from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $140.50.

Federal Signal Company Profile

Federal Signal Corporation NYSE: FSS, headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.

Federal Signal operates through two primary business segments.

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