VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Federal Signal Corporation $FSS

Key Points

• Virginia Retirement Systems acquired a new stake in Federal Signal Corporation, purchasing 12,900 shares valued at approximately $1,373,000 during the second quarter.
• Several institutional investors have recently increased their holdings in Federal Signal, with ownership by these entities now totaling 92.73% of the company's stock.
• Analyst ratings for Federal Signal show a mixed outlook, with two analysts rating it a "buy" and four rating it a "hold," alongside a consensus target price of $123.00 per share.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Federal Signal Corporation (NYSE:FSS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,900 shares of the conglomerate's stock, valued at approximately $1,373,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. raised its position in Federal Signal by 47.0% in the second quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate's stock valued at $31,000 after purchasing an additional 93 shares during the period. Bessemer Group Inc. raised 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 period. Signaturefd LLC raised its position in Federal Signal by 46.3% in the second quarter. Signaturefd LLC now owns 660 shares of the conglomerate's stock valued at $70,000 after purchasing an additional 209 shares during the period. Harbor Investment Advisory LLC raised its position in Federal Signal by 29.3% in the second quarter. Harbor Investment Advisory LLC now owns 851 shares of the conglomerate's stock valued at $91,000 after purchasing an additional 193 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its position 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 valued at $82,000 after purchasing an additional 162 shares during the period. Hedge funds and other institutional investors own 92.73% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on FSS. 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 report on Thursday, July 31st. Weiss Ratings reiterated a "buy (b)" rating on shares of Federal Signal in a report on Wednesday, October 8th. Zacks Research downgraded Federal Signal from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. CJS Securities reiterated a "market perform" rating and issued a $125.00 price objective on shares of Federal Signal in a report on Thursday, July 31st. Finally, Wall Street Zen upgraded Federal Signal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $123.00.

Federal Signal Trading Down 1.3%

FSS opened at $121.54 on Thursday. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $130.30. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 2.19 and a beta of 1.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25. The business has a fifty day moving average price of $123.04 and a 200 day moving average price of $106.70.

Federal Signal (NYSE:FSS - Get Free Report) last released its earnings results on Wednesday, July 30th. The conglomerate reported $1.17 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $537.24 million. During the same period in the previous year, the firm posted $0.95 EPS. Federal Signal's revenue for the quarter was up 15.1% on a year-over-year basis. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Sell-side analysts expect that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

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.

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