Federal Signal Corporation $FSS Shares Acquired by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD increased its holdings in Federal Signal Corporation by 0.3%, acquiring an additional 2,057 shares, bringing its total to 718,214 shares worth approximately $52.8 million.
• Federal Signal reported a quarterly EPS of $1.17, exceeding analysts' expectations and demonstrating a 15.1% increase in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $0.14 per share, representing a yield of 0.4%, with the payment scheduled for August 28th.

Price T Rowe Associates Inc. MD raised its holdings in Federal Signal Corporation (NYSE:FSS - Free Report) by 0.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 718,214 shares of the conglomerate's stock after acquiring an additional 2,057 shares during the period. Price T Rowe Associates Inc. MD owned 1.18% of Federal Signal worth $52,826,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in FSS. NewEdge Advisors LLC grew its stake in shares of Federal Signal by 48.1% during the 4th quarter. NewEdge Advisors LLC now owns 1,586 shares of the conglomerate's stock valued at $146,000 after buying an additional 515 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Federal Signal by 48.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,400 shares of the conglomerate's stock valued at $499,000 after buying an additional 1,752 shares during the period. Stifel Financial Corp grew its stake in shares of Federal Signal by 3.8% during the 4th quarter. Stifel Financial Corp now owns 62,930 shares of the conglomerate's stock valued at $5,814,000 after buying an additional 2,319 shares during the period. Northern Trust Corp grew its stake in shares of Federal Signal by 10.8% during the 4th quarter. Northern Trust Corp now owns 693,729 shares of the conglomerate's stock valued at $64,094,000 after buying an additional 67,716 shares during the period. Finally, Schonfeld Strategic Advisors LLC grew its stake in shares of Federal Signal by 90.2% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 25,668 shares of the conglomerate's stock valued at $2,371,000 after buying an additional 12,172 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Stock Down 3.3%

Federal Signal stock traded down $4.14 during trading on Friday, reaching $122.82. 408,992 shares of the company's stock were exchanged, compared to its average volume of 544,984. The company's 50-day moving average is $116.39 and its two-hundred day moving average is $96.38. 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 Corporation has a 52-week low of $66.47 and a 52-week high of $130.30. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 2.19 and a beta of 1.30.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.11. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The firm had revenue of $564.60 million for the quarter, compared to analyst estimates of $537.24 million. During the same quarter in the previous year, the business posted $0.95 EPS. The firm's revenue was up 15.1% compared to the same quarter last year. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. On average, 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. Shareholders 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 dividend on an annualized basis and a yield of 0.5%. Federal Signal's payout ratio is currently 15.60%.

Analysts Set New Price Targets

Several analysts have recently issued reports on FSS shares. DA Davidson boosted their price objective on shares of Federal Signal from $100.00 to $112.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. CJS Securities reissued a "market perform" rating and set a $125.00 price objective on shares of Federal Signal in a research note on Thursday, July 31st. Wall Street Zen raised shares of Federal Signal from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Raymond James Financial upped their price target on shares of Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Federal Signal in a research report on Friday, July 11th. One equities 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, Federal Signal has a consensus rating of "Hold" and a consensus price target of $123.00.

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.