United Services Automobile Association Buys Shares of 3,945 Federal Signal Corporation $FSS

Key Points

• United Services Automobile Association acquired a new stake in Federal Signal Corporation by purchasing 3,945 shares valued at approximately $297,000 during the first quarter.
• The company reported a 15.1% increase in revenue year-over-year, totaling $564.60 million, and earnings per share of $1.17, exceeding consensus estimates by $0.11.
• Federal Signal announced a quarterly dividend of $0.14 per share, with a dividend yield of 0.4% and a payout ratio of 15.60%.

United Services Automobile Association purchased a new stake in shares of Federal Signal Corporation (NYSE:FSS - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 3,945 shares of the conglomerate's stock, valued at approximately $297,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Federal Signal during the 1st quarter valued at approximately $29,000. Bessemer Group Inc. lifted its stake in shares of 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 acquiring an additional 185 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of 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 acquiring an additional 440 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of 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 acquiring an additional 162 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its stake in shares of Federal Signal by 21.4% in the 1st quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the conglomerate's stock valued at $125,000 after acquiring an additional 300 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

Federal Signal Stock Performance

Shares of Federal Signal stock opened at $125.54 on Friday. 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 business has a 50-day moving average price of $119.85 and a two-hundred day moving average price of $98.36. Federal Signal Corporation has a 1-year low of $66.47 and a 1-year high of $130.30. The company has a market cap of $7.63 billion, a P/E ratio of 34.97, a PEG ratio of 2.27 and a beta of 1.32.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings results 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. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The firm had revenue of $564.60 million during the quarter, compared to the consensus estimate of $537.24 million. During the same period last year, the business posted $0.95 EPS. The business'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. As a group, analysts anticipate that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Announces Dividend

The business 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. This represents a $0.56 dividend on an annualized basis and a dividend 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

A number of brokerages have recently commented on FSS. CJS Securities reiterated a "market perform" rating and issued a $125.00 price target on shares of Federal Signal in a research note on Thursday, July 31st. DA Davidson boosted their target price on shares of Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Raymond James Financial boosted their target price on shares of Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Wall Street Zen raised shares of Federal Signal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, KeyCorp reissued a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Federal Signal presently has an average rating of "Hold" and a consensus target price 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.

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