616,007 Shares in Federal Signal Corporation $FSS Purchased by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in Federal Signal Corporation, purchasing 616,007 shares valued at approximately $45.3 million, which represents about 1.01% ownership.
• Federal Signal has recently seen analysts increase their price targets, with Raymond James Financial raising theirs from $120 to $145 and DA Davidson from $100 to $112.
• A quarterly dividend of $0.14 per share has been declared, with a payout ratio of 15.60%, and the company has authorized a $150 million stock repurchase program.

Nuveen LLC purchased a new stake in Federal Signal Corporation (NYSE:FSS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 616,007 shares of the conglomerate's stock, valued at approximately $45,307,000. Nuveen LLC owned approximately 1.01% of Federal Signal at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of FSS. Wells Fargo & Company MN boosted its stake in Federal Signal by 30.3% in the 4th quarter. Wells Fargo & Company MN now owns 75,084 shares of the conglomerate's stock valued at $6,937,000 after buying an additional 17,462 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Federal Signal in the 4th quarter valued at $36,636,000. Townsquare Capital LLC acquired a new stake in Federal Signal in the 4th quarter valued at $976,000. Summit Investment Advisors Inc. boosted its stake in Federal Signal by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,292 shares of the conglomerate's stock valued at $581,000 after buying an additional 200 shares in the last quarter. Finally, Barclays PLC boosted its stake in Federal Signal by 18.1% in the fourth quarter. Barclays PLC now owns 171,411 shares of the conglomerate's stock worth $15,838,000 after purchasing an additional 26,223 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Federal Signal Trading Down 0.2%

Shares of Federal Signal stock traded down $0.2630 during trading hours on Tuesday, hitting $126.0870. The company's stock had a trading volume of 32,257 shares, compared to its average volume of 585,925. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $130.30. The stock has a 50 day moving average of $111.84 and a 200 day moving average of $94.56. The company has a market capitalization of $7.66 billion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 2.21 and a beta of 1.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25.

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

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Friday, August 15th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, August 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.4%. Federal Signal's dividend payout ratio (DPR) is presently 15.60%.

Federal Signal declared that its board has initiated a share buyback program on Tuesday, April 22nd that permits the company to buyback $150.00 million in shares. This buyback authorization permits the conglomerate to repurchase up to 3.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

FSS has been the topic of a number of recent analyst reports. Raymond James Financial boosted their price objective on Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. CJS Securities reaffirmed a "market perform" rating and set a $125.00 price target on shares of Federal Signal in a research note on Thursday, July 31st. Wall Street Zen upgraded Federal Signal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. KeyCorp reiterated a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. Finally, DA Davidson upped their price objective on Federal Signal from $100.00 to $112.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $123.00.

Federal Signal 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.