Free Trial

7,588 Shares in Federal Signal Corporation (NYSE:FSS) Bought by Neo Ivy Capital Management

Federal Signal logo with Multi-Sector Conglomerates background

Key Points

  • Neo Ivy Capital Management has acquired 7,588 shares of Federal Signal Corporation for approximately $558,000 during the 1st quarter.
  • Equities analysts have set various price targets for Federal Signal, with Raymond James estimating a target of $120.00 and a rating of "outperform."
  • The company has initiated a $150 million share buyback program, indicating the board's belief that the shares are undervalued.
  • Looking to export and analyze Federal Signal data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Neo Ivy Capital Management bought a new stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,588 shares of the conglomerate's stock, valued at approximately $558,000.

Other large investors have also recently made changes to their positions in the company. Homestead Advisers Corp grew its position in shares of Federal Signal by 4.6% in the first quarter. Homestead Advisers Corp now owns 96,294 shares of the conglomerate's stock valued at $7,082,000 after purchasing an additional 4,200 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Federal Signal during the first quarter worth about $553,000. GW&K Investment Management LLC lifted its holdings in Federal Signal by 0.7% in the first quarter. GW&K Investment Management LLC now owns 544,463 shares of the conglomerate's stock valued at $40,045,000 after acquiring an additional 3,734 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Federal Signal by 119.2% in the first quarter. Allianz Asset Management GmbH now owns 5,700 shares of the conglomerate's stock valued at $419,000 after buying an additional 3,100 shares during the last quarter. Finally, MQS Management LLC acquired a new position in shares of Federal Signal in the 1st quarter worth approximately $304,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Trading Up 21.6%

Shares of NYSE:FSS traded up $22.63 during trading on Wednesday, reaching $127.49. 987,089 shares of the stock were exchanged, compared to its average volume of 563,205. Federal Signal Corporation has a 12-month low of $66.47 and a 12-month high of $127.59. The firm's 50-day moving average price is $103.28 and its 200 day moving average price is $91.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.39. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 2.34 and a beta of 1.27.

Federal Signal (NYSE:FSS - Get Free Report) last issued its earnings results on Wednesday, July 30th. The conglomerate reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.11. Federal Signal had a net margin of 11.10% and a return on equity of 18.44%. During the same period in the prior year, the firm posted $0.95 EPS. The business's revenue was up 15.1% on a year-over-year basis. On average, sell-side analysts anticipate that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal announced that its board has authorized a stock buyback program on Tuesday, April 22nd that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the conglomerate to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Friday, August 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.44%. Federal Signal's payout ratio is currently 16.37%.

Analyst Ratings Changes

FSS has been the subject of a number of research reports. DA Davidson lifted their price objective on shares of Federal Signal from $96.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Raymond James Financial set a $120.00 price objective on Federal Signal and gave the company an "outperform" rating in a report on Monday, June 30th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th.

Read Our Latest Stock Report on FSS

Federal Signal Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Federal Signal (NYSE:FSS)

Should You Invest $1,000 in Federal Signal Right Now?

Before you consider Federal Signal, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Federal Signal wasn't on the list.

While Federal Signal currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Best High-Yield Dividend Stocks for 2025 Cover

Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines