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

A number of other hedge funds have also recently bought and sold shares of FSS. Opal Wealth Advisors LLC bought a new stake in Federal Signal in the 1st quarter valued at $29,000. Bessemer Group Inc. boosted its holdings in Federal Signal by 78.4% in the 1st 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 boosted its holdings in Federal Signal by 201.8% in the 1st 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 boosted its holdings in Federal Signal by 19.9% in the 4th 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 boosted its holdings in Federal Signal by 16.9% in the 1st 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. 92.73% of the stock is owned by institutional investors.

Federal Signal Price Performance

Shares of Federal Signal stock traded down $2.31 during mid-day trading on Friday, reaching $125.54. 257,711 shares of the stock were exchanged, compared to its average volume of 322,444. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 34.97, a price-to-earnings-growth ratio of 2.27 and a beta of 1.32. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm has a 50-day simple moving average of $119.85 and a 200 day simple moving average of $98.36. Federal Signal Corporation has a fifty-two week low of $66.47 and a fifty-two week high of $130.30.

Federal Signal (NYSE:FSS - Get Free Report) last announced its earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 11.22% and a return on equity of 18.91%. The firm's revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the company posted $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. On average, sell-side 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. Investors of record on Friday, August 15th were given a dividend of $0.14 per share. The ex-dividend date 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 (DPR) is 15.60%.

Analyst Upgrades and Downgrades

FSS has been the subject of a number of recent research reports. CJS Securities restated a "market perform" rating and issued a $125.00 price objective on shares of Federal Signal in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Federal Signal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Raymond James Financial increased their price objective on shares of Federal Signal from $120.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. KeyCorp restated a "sector weight" rating on shares of Federal Signal in a research note on Friday, July 11th. Finally, DA Davidson increased 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. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average 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.