Vancity Investment Management Ltd Makes New Investment 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 acquired a new position in shares of Federal Signal Corporation (NYSE:FSS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,897 shares of the conglomerate's stock, valued at approximately $728,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FSS. Opal Wealth Advisors LLC purchased a new position in Federal Signal during the 1st quarter valued at about $29,000. Bessemer Group Inc. lifted its position in 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 last quarter. Harbor Investment Advisory LLC raised its holdings in shares of Federal Signal by 201.8% during the first quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock valued at $48,000 after acquiring an additional 440 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of Federal Signal by 19.9% during the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock valued at $81,000 after acquiring an additional 145 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in Federal Signal by 16.9% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock worth $82,000 after purchasing an additional 162 shares during the period. 92.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Federal Signal Price Performance

FSS stock traded down $2.31 on Friday, reaching $125.54. The company had a trading volume of 257,687 shares, compared to its average volume of 561,989. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $130.30. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60. The company's fifty day moving average is $119.64 and its 200 day moving average is $98.12. The company has a market cap of $7.63 billion, a P/E ratio of 34.97, a PEG ratio of 2.24 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. The company 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%.The business's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. On average, research analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Friday, August 15th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.56 annualized dividend and a dividend yield of 0.4%. Federal Signal's dividend payout ratio (DPR) is presently 15.60%.

Federal Signal 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.