Longboard Asset Management LP Acquires Shares of 2,127 Federal Signal Corporation $FSS

Key Points

• Longboard Asset Management LP has acquired 2,127 shares of Federal Signal Corporation during Q2, valued at approximately $226,000.
• Federal Signal reported an earnings per share of $1.17 for the last quarter, surpassing analysts' expectations of $1.06 and showing a 15.1% year-over-year revenue increase.
• The company recently announced a quarterly dividend of $0.14 per share, which contributes to an annual yield of 0.4%.

Longboard Asset Management LP acquired a new stake in Federal Signal Corporation (NYSE:FSS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,127 shares of the conglomerate's stock, valued at approximately $226,000.

Other large investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in shares of Federal Signal in the 1st quarter worth approximately $876,000. PNC Financial Services Group Inc. lifted its position in shares of Federal Signal by 29.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,069 shares of the conglomerate's stock worth $741,000 after purchasing an additional 2,267 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Federal Signal by 21.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 15,641 shares of the conglomerate's stock worth $1,150,000 after purchasing an additional 2,724 shares during the period. Bessemer Group Inc. lifted its position in shares of Federal Signal by 78.4% in the 1st 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. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Federal Signal by 66.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate's stock worth $814,000 after purchasing an additional 4,405 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Federal Signal Stock Performance

Shares of FSS stock traded up $0.94 during trading hours on Monday, hitting $126.23. The company's stock had a trading volume of 746,693 shares, compared to its average volume of 379,711. The company has a 50 day moving average of $121.68 and a 200 day moving average of $100.51. The stock has a market cap of $7.67 billion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 2.23 and a beta of 1.32. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. 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 released 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 business had revenue of $564.60 million for 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 business's revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. On average, sell-side analysts forecast that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Friday, August 15th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.56 dividend on an annualized basis and a yield of 0.4%. Federal Signal's dividend 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.