Federal Signal Corporation $FSS Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC has reduced its stake in Federal Signal Corporation by 24.8% after selling 22,354 shares, leaving it with approximately 0.11% ownership valued at $4,991,000.
• Several institutional investors have increased their holdings in Federal Signal, with 92.73% of the stock currently owned by institutional investors.
• The company's stock has received mixed analyst ratings, with price targets ranging from $100.00 to $145.00, indicating varying outlooks among analysts.

Voya Investment Management LLC cut its holdings in shares of Federal Signal Corporation (NYSE:FSS - Free Report) by 24.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,852 shares of the conglomerate's stock after selling 22,354 shares during the period. Voya Investment Management LLC owned 0.11% of Federal Signal worth $4,991,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. First Hawaiian Bank increased its stake in Federal Signal by 2.9% during the 1st quarter. First Hawaiian Bank now owns 18,259 shares of the conglomerate's stock valued at $1,343,000 after purchasing an additional 508 shares in the last quarter. Strs Ohio acquired a new stake in shares of Federal Signal in the first quarter valued at about $390,000. Intech Investment Management LLC lifted its holdings in Federal Signal by 2.2% in the 1st quarter. Intech Investment Management LLC now owns 61,023 shares of the conglomerate's stock valued at $4,488,000 after purchasing an additional 1,330 shares in the last quarter. Jane Street Group LLC lifted its position in Federal Signal by 1,020.5% during the first quarter. Jane Street Group LLC now owns 210,438 shares of the conglomerate's stock worth $15,478,000 after buying an additional 191,658 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Federal Signal in the 1st quarter valued at approximately $1,119,000. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Trading Down 1.9%

FSS stock traded down $2.42 during midday trading on Friday, hitting $125.25. The stock had a trading volume of 2,059,009 shares, compared to its average volume of 295,856. Federal Signal Corporation has a 12-month low of $66.47 and a 12-month high of $130.30. The company's 50-day moving average price is $121.31 and its 200 day moving average price is $99.92. 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 firm has a market cap of $7.61 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 2.27 and a beta of 1.32.

Federal Signal (NYSE:FSS - Get Free Report) last issued its earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $537.24 million. During the same quarter last year, the firm earned $0.95 earnings per share. The firm's revenue for the quarter 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. On average, equities research analysts predict that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FSS. Wall Street Zen raised Federal Signal from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. KeyCorp restated a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. CJS Securities reiterated a "market perform" rating and set a $125.00 price target on shares of Federal Signal in a research note on Thursday, July 31st. Raymond James Financial upped their price objective on shares of Federal Signal from $120.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, DA Davidson raised their price objective on Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. One equities research 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.com, Federal Signal presently has a consensus 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.