Federal Signal Corporation $FSS Shares Sold by Ifrah Financial Services Inc.

Ifrah Financial Services Inc. cut its stake in Federal Signal Corporation (NYSE:FSS) by 4.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,751 shares of the conglomerate’s stock after selling 137 shares during the period. Ifrah Financial Services Inc.’s holdings in Federal Signal were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of FSS. GAMMA Investing LLC raised its position in Federal Signal by 20.9% during the 1st quarter. GAMMA Investing LLC now owns 2,028 shares of the conglomerate’s stock worth $149,000 after buying an additional 351 shares during the last quarter. SG Americas Securities LLC purchased a new position in Federal Signal during the 1st quarter worth approximately $308,000. Wealth Enhancement Advisory Services LLC raised its position in Federal Signal by 66.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate’s stock worth $814,000 after buying an additional 4,405 shares during the last quarter. Alta Capital Management LLC raised its position in Federal Signal by 1.2% during the 1st quarter. Alta Capital Management LLC now owns 67,253 shares of the conglomerate’s stock worth $4,947,000 after buying an additional 805 shares during the last quarter. Finally, Illumine Investment Management LLC raised its position in Federal Signal by 19.2% during the 1st quarter. Illumine Investment Management LLC now owns 6,926 shares of the conglomerate’s stock worth $509,000 after buying an additional 1,117 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FSS has been the subject of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Federal Signal in a research report on Wednesday, October 8th. CJS Securities reissued a “market perform” rating and set a $125.00 price target on shares of Federal Signal in a research report on Thursday, July 31st. Zacks Research lowered shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Wall Street Zen raised shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, Raymond James Financial lifted their target price on shares of Federal Signal from $120.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $123.00.

Federal Signal Price Performance

NYSE:FSS opened at $120.54 on Friday. 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 $7.33 billion, a price-to-earnings ratio of 33.58, a price-to-earnings-growth ratio of 2.13 and a beta of 1.29. The company has a 50 day moving average price of $123.41 and a 200-day moving average price of $105.69. Federal Signal Corporation has a 1-year low of $66.47 and a 1-year high of $130.30.

Federal Signal (NYSE:FSS) last posted its earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.11. The firm had revenue of $564.60 million during the quarter, compared to analyst estimates of $537.24 million. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Equities research analysts forecast that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Friday, August 15th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 15th. Federal Signal’s payout ratio is presently 15.60%.

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.