Landscape Capital Management L.L.C. Buys 3,196 Shares of Federal Signal Corporation $FSS

Key Points

• Landscape Capital Management L.L.C. increased its stake in Federal Signal Corporation by 76.7%, owning a total of 7,365 shares valued at $542,000 as of the end of the first quarter.
• Several institutional investors, including PNC Financial Services and Oppenheimer Asset Management, also boosted their holdings in Federal Signal during the same period, contributing to a total of 92.73% of the stock being owned by such entities.
• Federal Signal reported $1.17 earnings per share for the last quarter, surpassing estimates, with a revenue growth of 15.1% year-over-year, and has set its FY 2025 guidance at 3.920-4.100 EPS.

Landscape Capital Management L.L.C. increased its stake in Federal Signal Corporation (NYSE:FSS - Free Report) by 76.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,365 shares of the conglomerate's stock after purchasing an additional 3,196 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Federal Signal were worth $542,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FSS. GSA Capital Partners LLP purchased a new stake in shares of Federal Signal during the first quarter worth $876,000. PNC Financial Services Group Inc. boosted its holdings in shares of Federal Signal by 29.1% in the first quarter. PNC Financial Services Group Inc. now owns 10,069 shares of the conglomerate's stock worth $741,000 after acquiring an additional 2,267 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of Federal Signal by 21.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 15,641 shares of the conglomerate's stock worth $1,150,000 after acquiring an additional 2,724 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Federal Signal by 78.4% in the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock worth $31,000 after acquiring an additional 185 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Federal Signal by 66.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate's stock worth $814,000 after acquiring an additional 4,405 shares during the period. Institutional investors own 92.73% of the company's stock.

Analysts Set New Price Targets

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

Federal Signal Trading Up 1.8%

Shares of NYSE:FSS traded up $2.24 during midday trading on Thursday, hitting $124.29. 100,499 shares of the stock traded hands, compared to its average volume of 571,500. The stock has a market capitalization of $7.56 billion, a PE ratio of 34.62, a P/E/G ratio of 2.19 and a beta of 1.32. The business's 50 day moving average is $117.54 and its two-hundred day moving average is $96.91. The company has a quick ratio of 1.25, a current ratio of 2.60 and a debt-to-equity ratio of 0.20. Federal Signal Corporation has a one year low of $66.47 and a one year high of $130.30.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 EPS for the quarter, beating the consensus estimate of $1.06 by $0.11. The firm had revenue of $564.60 million during the quarter, compared to the consensus estimate of $537.24 million. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The company's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 earnings per share. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. As a group, research analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 15th. Federal Signal's dividend payout ratio is presently 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.