Jump Financial LLC Sells 19,577 Shares of Federal Signal Corporation $FSS

Key Points

• Jump Financial LLC has reduced its stake in Federal Signal Corporation by 47.0%, now holding 22,082 shares valued at $1,624,000.
• Federal Signal reported $1.17 earnings per share for the last quarter, exceeding expectations and showing a 15.1% increase in revenue compared to the previous year.
• The company has declared a quarterly dividend of $0.14 per share, with a dividend yield of 0.4%, set to be paid on August 28th.

Jump Financial LLC lowered its position in Federal Signal Corporation (NYSE:FSS - Free Report) by 47.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,082 shares of the conglomerate's stock after selling 19,577 shares during the quarter. Jump Financial LLC's holdings in Federal Signal were worth $1,624,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC grew its stake in shares of Federal Signal by 10.2% in the 1st quarter. AlphaQuest LLC now owns 11,724 shares of the conglomerate's stock valued at $862,000 after purchasing an additional 1,087 shares during the period. Advantage Alpha Capital Partners LP bought a new stake in Federal Signal in the first quarter valued at $4,790,000. Price T Rowe Associates Inc. MD grew its position in Federal Signal by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 718,214 shares of the conglomerate's stock valued at $52,826,000 after acquiring an additional 2,057 shares during the period. Capital Fund Management S.A. bought a new position in shares of Federal Signal during the first quarter valued at $2,761,000. Finally, EntryPoint Capital LLC lifted its holdings in shares of Federal Signal by 6.4% during the first quarter. EntryPoint Capital LLC now owns 8,038 shares of the conglomerate's stock valued at $591,000 after acquiring an additional 481 shares during the period. 92.73% of the stock is owned by institutional investors.

Federal Signal Trading Down 3.3%

FSS stock traded down $4.14 during trading on Monday, hitting $122.82. The company had a trading volume of 408,992 shares, compared to its average volume of 512,214. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 2.19 and a beta of 1.32. The company has a quick ratio of 1.25, a current ratio of 2.60 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $116.39 and a 200-day moving average price of $96.37. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $130.30.

Federal Signal (NYSE:FSS - Get Free Report) last issued its earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $537.24 million. During the same quarter last year, the firm earned $0.95 EPS. The company's revenue for the quarter was up 15.1% on a year-over-year basis. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. As a group, analysts predict that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

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

Wall Street Analysts Forecast Growth

FSS has been the subject of several analyst reports. DA Davidson lifted their price target 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. Wall Street Zen upgraded shares of Federal Signal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. 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. KeyCorp restated a "sector weight" rating on shares of Federal Signal in a research report on Friday, July 11th. Finally, Raymond James Financial lifted their price objective on Federal Signal from $120.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Federal Signal presently has a consensus rating of "Hold" and a consensus target price of $123.00.

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.