Vancity Investment Management Ltd Takes Position in Federal Signal Corporation $FSS

Key Points

• Vancity Investment Management Ltd has acquired a new stake in Federal Signal Corporation, investing approximately $728,000 for 9,897 shares in the first quarter.
• Federal Signal recently reported quarterly earnings of $1.17 earnings per share, exceeding analysts' expectations by $0.11, with revenue increasing 15.1% year-over-year.
• The company declared a quarterly dividend of $0.14 per share, signaling a strong dividend payout ratio of 15.60% and an annual yield of 0.4%.

Vancity Investment Management Ltd bought a new stake in Federal Signal Corporation (NYSE:FSS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,897 shares of the conglomerate's stock, valued at approximately $728,000.

Several other large investors have also modified their holdings of FSS. Opal Wealth Advisors LLC acquired a new position in shares of Federal Signal in the 1st quarter valued at $29,000. Bessemer Group Inc. boosted its holdings 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 buying an additional 185 shares in the last quarter. Harbor Investment Advisory LLC boosted its holdings 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 buying an additional 440 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in shares of 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 buying an additional 145 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings 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 buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Analyst Upgrades and Downgrades

FSS has been the subject of several research reports. Raymond James Financial upped their price target on shares of Federal Signal from $120.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Federal Signal from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. KeyCorp reiterated a "sector weight" rating on shares of Federal Signal in a research report on Friday, July 11th. CJS Securities reiterated a "market perform" rating and issued a $125.00 price target on shares of Federal Signal in a research report on Thursday, July 31st. Finally, DA Davidson upped their price target on shares of Federal Signal from $100.00 to $112.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $123.00.

Federal Signal Stock Performance

Federal Signal stock traded down $2.31 during trading hours on Friday, reaching $125.54. 257,711 shares of the stock were exchanged, compared to its average volume of 322,444. The stock has a market cap of $7.63 billion, a P/E ratio of 34.97, a P/E/G ratio of 2.27 and a beta of 1.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60. Federal Signal Corporation has a 52-week low of $66.47 and a 52-week high of $130.30. The firm's 50 day moving average is $119.85 and its 200 day moving average is $98.36.

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

Federal Signal Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, August 15th. This represents a $0.56 dividend on an annualized basis and a yield of 0.4%. Federal Signal's dividend payout ratio is presently 15.60%.

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.