Trail Ridge Investment Advisors LLC purchased a new position in shares of Federal Signal Corporation (NYSE:FSS - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,451 shares of the conglomerate's stock, valued at approximately $2,628,000. Federal Signal accounts for approximately 1.1% of Trail Ridge Investment Advisors LLC's investment portfolio, making the stock its 16th largest position.
Several other large investors have also recently added to or reduced their stakes in FSS. EverSource Wealth Advisors LLC lifted its stake in shares of Federal Signal by 140.6% during the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate's stock worth $26,000 after purchasing an additional 142 shares in the last quarter. Palladiem LLC purchased a new stake in shares of Federal Signal in the fourth quarter worth about $27,000. Physician Wealth Advisors Inc. grew its stake in shares of Federal Signal by 57.2% in the first quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate's stock valued at $27,000 after buying an additional 91 shares in the last quarter. Covestor Ltd grew its stake in shares of Federal Signal by 118.0% in the fourth quarter. Covestor Ltd now owns 279 shares of the conglomerate's stock valued at $30,000 after buying an additional 151 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Federal Signal by 3,100.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate's stock valued at $30,000 after buying an additional 248 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Zacks Research lowered Federal Signal from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 12th. Citigroup started coverage on shares of Federal Signal in a research report on Monday, August 17th. They issued a "buy" rating and a $150.00 price objective for the company. Weiss Ratings upgraded shares of Federal Signal from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, June 23rd. Wall Street Zen lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, DA Davidson boosted their target price on shares of Federal Signal from $125.00 to $132.00 and gave the stock a "neutral" rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $140.50.
Read Our Latest Analysis on FSS
Insider Activity
In other news, VP Diane Bonina sold 14,856 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $130.44, for a total transaction of $1,937,816.64. Following the completion of the sale, the vice president owned 15,689 shares of the company's stock, valued at approximately $2,046,473.16. This trade represents a 48.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is currently owned by insiders.
Federal Signal Stock Down 2.1%
Shares of Federal Signal stock opened at $119.88 on Tuesday. Federal Signal Corporation has a 1-year low of $101.18 and a 1-year high of $134.51. The company has a market capitalization of $7.32 billion, a PE ratio of 25.84, a P/E/G ratio of 1.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.74 and a quick ratio of 1.21. The business has a 50-day moving average of $122.24 and a 200-day moving average of $116.31.
Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The conglomerate reported $1.42 EPS for the quarter, topping the consensus estimate of $1.29 by $0.13. The business had revenue of $670.20 million for the quarter, compared to analysts' expectations of $667.04 million. Federal Signal had a return on equity of 21.36% and a net margin of 11.66%.The company's revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. As a group, equities analysts forecast that Federal Signal Corporation will post 5.23 EPS for the current fiscal year.
Federal Signal Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 14th. Federal Signal's dividend payout ratio is presently 12.93%.
About Federal Signal
(
Free Report)
Federal Signal Corporation NYSE: FSS, headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.
Federal Signal operates through two primary business segments.
See Also
Want to see what other hedge funds are holding FSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Signal Corporation (NYSE:FSS - Free Report).
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