4,529 Shares in Federal Signal Corporation $FSS Bought by Perbak Capital Partners LLP

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 shares of Federal Signal Corporation (NYSE:FSS - Free Report) during the 1st 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 institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in shares of Federal Signal in the 1st quarter valued at approximately $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. CoreCap Advisors LLC grew its stake in Federal Signal by 19.9% during the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after buying an additional 145 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 owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Federal Signal Price Performance

Shares of Federal Signal stock traded down $0.17 during midday trading on Friday, hitting $124.80. 230,267 shares of the company were exchanged, compared to its average volume of 409,492. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25. 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. Federal Signal Corporation has a 52 week low of $66.47 and a 52 week high of $130.30. The firm has a 50 day simple moving average of $118.35 and a 200-day simple moving average of $97.27.

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

Federal Signal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Friday, August 15th were issued 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 dividend payout ratio (DPR) is currently 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.