Federal Signal Corporation $FSS Position Trimmed by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. reduced its stake in Federal Signal Corporation by 5.7%, selling 16,131 shares, and now holds approximately 0.44% of the company's stock valued at $19.6 million.
• Analysts have recently upgraded their outlook for Federal Signal, with target prices being increased by firms such as Raymond James, which raised its target from $120 to $145.
• Federal Signal Corporation reported strong quarterly earnings, with an earnings per share (EPS) of $1.17, surpassing analysts' expectations of $1.06, and revealed a revenue growth of 15.1% year-over-year.

Panagora Asset Management Inc. decreased its stake in Federal Signal Corporation (NYSE:FSS - Free Report) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 266,377 shares of the conglomerate's stock after selling 16,131 shares during the period. Panagora Asset Management Inc. owned approximately 0.44% of Federal Signal worth $19,592,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FSS. Opal Wealth Advisors LLC purchased a new position in Federal Signal during the 1st quarter valued at about $29,000. Bessemer Group Inc. increased its holdings in Federal Signal by 78.4% during the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock valued at $31,000 after acquiring an additional 185 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in Federal Signal by 201.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock valued at $48,000 after acquiring an additional 440 shares in the last quarter. CoreCap Advisors LLC increased its holdings in Federal Signal by 19.9% during the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock valued at $81,000 after acquiring an additional 145 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its holdings in Federal Signal by 16.9% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock valued at $82,000 after acquiring an additional 162 shares in the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Federal Signal Trading Up 2.1%

FSS stock traded up $2.57 during midday trading on Thursday, reaching $124.62. 111,202 shares of the company's stock traded hands, compared to its average volume of 571,561. The company has a market capitalization of $7.58 billion, a P/E ratio of 34.72, a PEG ratio of 2.19 and a beta of 1.32. 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 Corporation has a fifty-two week low of $66.47 and a fifty-two week high of $130.30. The business has a 50-day moving average price of $117.54 and a two-hundred day moving average price of $96.91.

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 for the quarter, beating analysts' consensus estimates of $1.06 by $0.11. The firm had revenue of $564.60 million for the quarter, compared to analysts' expectations of $537.24 million. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. Federal Signal's revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Equities research analysts forecast that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders 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 yield of 0.4%. The ex-dividend date of this dividend was Friday, August 15th. Federal Signal's payout ratio is 15.60%.

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.