Teza Capital Management LLC Decreases Position in Federal Signal Corporation $FSS

Key Points

• Teza Capital Management LLC reduced its stake in Federal Signal Corporation by 59.7% during Q1, now holding 3,061 shares valued at $225,000.
• Federal Signal reported earnings of $1.17 per share, exceeding estimates, with revenues of $564.60 million for the quarter—up 15.1% year-over-year.
• The company recently announced a quarterly dividend of $0.14 per share, reflecting a 0.5% yield and a dividend payout ratio of 15.60%.

Teza Capital Management LLC lowered its position in Federal Signal Corporation (NYSE:FSS - Free Report) by 59.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,061 shares of the conglomerate's stock after selling 4,543 shares during the quarter. Teza Capital Management LLC's holdings in Federal Signal were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in Federal Signal in the first quarter valued at approximately $29,000. Bessemer Group Inc. increased its holdings in shares of Federal Signal by 78.4% in the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock valued at $31,000 after purchasing an additional 185 shares during the period. Harbor Investment Advisory LLC increased its holdings in shares of Federal Signal by 201.8% in the first quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock valued at $48,000 after purchasing an additional 440 shares during the period. CoreCap Advisors LLC increased its holdings in shares of Federal Signal by 19.9% in the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock valued at $81,000 after purchasing an additional 145 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its holdings in shares of Federal Signal by 16.9% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock valued at $82,000 after purchasing an additional 162 shares during the period. Hedge funds and other institutional investors own 92.73% of the company's stock.

Federal Signal Price Performance

FSS stock traded up $1.19 on Monday, reaching $126.79. 28,043 shares of the company's stock were exchanged, compared to its average volume of 558,919. The stock has a fifty day moving average of $119.85 and a 200-day moving average of $98.60. Federal Signal Corporation has a twelve month low of $66.47 and a twelve month high of $130.30. The firm has a market cap of $7.71 billion, a PE ratio of 35.32, a P/E/G ratio of 2.23 and a beta of 1.32. The company has a quick ratio of 1.25, a current ratio of 2.60 and a debt-to-equity ratio of 0.20.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.11. The firm had revenue of $564.60 million for the quarter, compared to analyst estimates of $537.24 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.Federal Signal's quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 earnings per share. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. As a group, equities analysts predict that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Friday, August 15th were given 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 was Friday, August 15th. Federal Signal's payout ratio is presently 15.60%.

Wall Street Analyst Weigh In

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

About Federal Signal

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.