Perbak Capital Partners LLP Invests $333,000 in Federal Signal Corporation $FSS

Key Points

• Perbak Capital Partners LLP has acquired a new stake in Federal Signal Corporation, purchasing 4,529 shares valued at approximately $333,000 in the first quarter.
• Analysts have set a new average price target of $123.00 for Federal Signal, with ratings ranging from "Buy" to "Hold" from various financial institutions.
• Federal Signal recently reported quarterly earnings of $1.17 per share, exceeding estimates and reflecting a 15.1% increase in year-over-year revenue.

Perbak Capital Partners LLP purchased a new position in Federal Signal Corporation (NYSE:FSS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,529 shares of the conglomerate's stock, valued at approximately $333,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Van Berkom & Associates Inc. lifted its holdings in Federal Signal by 2.0% during the first quarter. Van Berkom & Associates Inc. now owns 1,045,565 shares of the conglomerate's stock valued at $76,901,000 after purchasing an additional 20,771 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Federal Signal by 0.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 718,214 shares of the conglomerate's stock valued at $52,826,000 after purchasing an additional 2,057 shares during the last quarter. Northern Trust Corp lifted its holdings in Federal Signal by 10.8% during the fourth quarter. Northern Trust Corp now owns 693,729 shares of the conglomerate's stock valued at $64,094,000 after purchasing an additional 67,716 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Federal Signal by 21.8% during the fourth quarter. Ameriprise Financial Inc. now owns 691,798 shares of the conglomerate's stock valued at $63,915,000 after purchasing an additional 123,892 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in Federal Signal by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 649,593 shares of the conglomerate's stock valued at $60,016,000 after purchasing an additional 3,242 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on FSS. Wall Street Zen raised shares of Federal Signal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Raymond James Financial upped their price objective on shares of Federal Signal from $120.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. KeyCorp reiterated a "sector weight" rating on shares of Federal Signal in a research report on Friday, July 11th. DA Davidson upped their price target on Federal Signal from $100.00 to $112.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Finally, CJS Securities reiterated a "market perform" rating and set a $125.00 price target on shares of Federal Signal in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $123.00.

Federal Signal Price Performance

Shares of FSS traded down $0.17 during midday trading on Friday, hitting $124.80. 230,267 shares of the company traded hands, compared to its average volume of 404,088. The stock has a 50-day moving average of $118.35 and a 200-day moving average of $97.27. Federal Signal Corporation has a one year low of $66.47 and a one year high of $130.30. The firm has a market cap of $7.59 billion, a P/E ratio of 34.76, a PEG ratio of 2.22 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 (NYSE:FSS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.11. The company 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 for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 earnings per share. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. As a group, sell-side analysts predict that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently declared 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 of this dividend was 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 is presently 15.60%.

Federal Signal Company 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.