Federal Signal Corporation $FSS Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH grew its position in shares of Federal Signal Corporation (NYSE:FSS) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 186,573 shares of the conglomerate’s stock after acquiring an additional 1,634 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.31% of Federal Signal worth $19,855,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Nuveen LLC acquired a new position in Federal Signal during the 1st quarter valued at about $45,307,000. Congress Asset Management Co. bought a new stake in shares of Federal Signal during the second quarter valued at approximately $51,945,000. The Manufacturers Life Insurance Company raised its holdings in shares of Federal Signal by 1,266.0% during the first quarter. The Manufacturers Life Insurance Company now owns 464,593 shares of the conglomerate’s stock valued at $34,171,000 after buying an additional 430,583 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Federal Signal during the first quarter worth approximately $26,144,000. Finally, Millennium Management LLC grew its holdings in Federal Signal by 63.0% in the 1st quarter. Millennium Management LLC now owns 503,120 shares of the conglomerate’s stock worth $37,004,000 after buying an additional 194,412 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Stock Performance

Shares of NYSE FSS opened at $122.20 on Monday. The stock’s fifty day simple moving average is $122.91 and its 200 day simple moving average is $101.74. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 2.17 and a beta of 1.32. The company has a quick ratio of 1.25, a current ratio of 2.60 and a debt-to-equity ratio of 0.20. Federal Signal Corporation has a 52-week low of $66.47 and a 52-week high of $130.30.

Federal Signal (NYSE:FSS) last released its quarterly 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. The business had revenue of $564.60 million during 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%.Federal Signal’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the company posted $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. As a group, sell-side analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Friday, August 15th were issued 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 dividend yield of 0.5%. Federal Signal’s payout ratio is currently 15.60%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FSS shares. CJS Securities reaffirmed a “market perform” rating and set a $125.00 target price on shares of Federal Signal in a research note on Thursday, July 31st. Raymond James Financial increased their target price 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. DA Davidson increased their price objective on shares of Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Wall Street Zen upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, KeyCorp restated a “sector weight” rating on shares of Federal Signal in a research report on Friday, July 11th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Federal Signal has a consensus rating of “Hold” and an average target price of $123.00.

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.