Strs Ohio Buys Shares of 5,300 Federal Signal Corporation $FSS

Key Points

• Strs Ohio acquired 5,300 shares of Federal Signal Corporation, valued at approximately $390,000, as part of their 1st quarter investments.
• Federal Signal reported a 15.1% increase in quarterly revenue year-over-year, totaling $564.60 million, and earnings per share of $1.17, exceeding estimates.
• The company recently declared a quarterly dividend of $0.14, contributing to an annualized dividend yield of 0.4%.

Strs Ohio bought a new stake in Federal Signal Corporation (NYSE:FSS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,300 shares of the conglomerate's stock, valued at approximately $390,000.

Several other large investors also recently added to or reduced their stakes in FSS. Nuveen LLC purchased a new stake in Federal Signal in the 1st quarter valued at $45,307,000. The Manufacturers Life Insurance Company lifted its stake in shares of Federal Signal by 1,266.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 464,593 shares of the conglomerate's stock valued at $34,171,000 after purchasing an additional 430,583 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Federal Signal in the 1st quarter valued at $26,144,000. Millennium Management LLC lifted its stake in shares of Federal Signal by 63.0% in the 1st quarter. Millennium Management LLC now owns 503,120 shares of the conglomerate's stock valued at $37,004,000 after purchasing an additional 194,412 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Federal Signal by 1,020.5% in the 1st quarter. Jane Street Group LLC now owns 210,438 shares of the conglomerate's stock valued at $15,478,000 after purchasing an additional 191,658 shares during the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Federal Signal Stock Up 0.7%

FSS opened at $126.23 on Tuesday. 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 business has a 50 day simple moving average of $121.68 and a 200-day simple moving average of $100.51. The stock has a market capitalization of $7.67 billion, a P/E ratio of 35.16, a P/E/G ratio of 2.23 and a beta of 1.32. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $130.30.

Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $1.17 EPS for the quarter, beating the consensus estimate of $1.06 by $0.11. The business 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 quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the firm earned $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. On average, equities analysts anticipate that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The firm 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. This represents a $0.56 annualized dividend and a dividend 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%.

Analyst Ratings Changes

Several equities analysts have recently commented on FSS shares. Raymond James Financial upped their price target on Federal Signal from $120.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. CJS Securities reaffirmed a "market perform" rating and issued a $125.00 price target on shares of Federal Signal in a research note on Thursday, July 31st. Wall Street Zen raised Federal Signal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. KeyCorp reaffirmed a "sector weight" rating on shares of Federal Signal in a research note on Friday, July 11th. Finally, 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 note on Thursday, July 31st. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus 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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