Park Avenue Securities LLC Takes $551,000 Position in Federal Signal Corporation $FSS

Key Points

• Park Avenue Securities LLC acquired a new position in Federal Signal Corporation worth approximately $551,000 by purchasing 5,181 shares in the second quarter.
• Federal Signal's latest earnings report showed $1.17 EPS, exceeding analysts' expectations, along with a 15.1% year-over-year revenue increase to $564.6 million.
• The company announced a quarterly dividend of $0.14, with a 0.5% dividend yield, and a dividend payout ratio of 15.60%.

Park Avenue Securities LLC purchased a new stake in Federal Signal Corporation (NYSE:FSS - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund purchased 5,181 shares of the conglomerate's stock, valued at approximately $551,000.

A number of other institutional investors have also made changes to their positions in FSS. Physician Wealth Advisors Inc. grew its stake in Federal Signal by 47.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate's stock worth $31,000 after buying an additional 93 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in Federal Signal during the 1st quarter worth $29,000. Bessemer Group Inc. grew its stake in Federal Signal by 78.4% during the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock worth $31,000 after buying an additional 185 shares during the last quarter. Harbor Investment Advisory LLC grew its stake in Federal Signal by 201.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock worth $48,000 after buying an additional 440 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake 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 worth $82,000 after buying an additional 162 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Trading Down 0.5%

NYSE:FSS opened at $122.20 on Monday. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $130.30. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 2.17 and a beta of 1.32. The business has a fifty day moving average of $122.91 and a 200-day moving average of $101.74. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60.

Federal Signal (NYSE:FSS - Get Free Report) last released 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 analysts' expectations 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 quarter in the prior year, the business posted $0.95 earnings per share. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Equities 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 was paid on Thursday, August 28th. Stockholders of record on Friday, August 15th were issued a $0.14 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.56 annualized dividend and a dividend yield of 0.5%. Federal Signal's dividend payout ratio is 15.60%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Raymond James Financial upped 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. Wall Street Zen upgraded Federal Signal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. CJS Securities restated a "market perform" rating and set a $125.00 price objective on shares of Federal Signal in a research note on Thursday, July 31st. KeyCorp restated a "sector weight" rating on shares of Federal Signal in a research note on Friday, July 11th. Finally, DA Davidson increased their price target on Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target 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.

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