Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Federal Signal Corporation (NYSE:FSS – Free Report) by 27.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 202,428 shares of the conglomerate’s stock after purchasing an additional 43,684 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.33% of Federal Signal worth $24,087,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Federal Signal by 140.6% during the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after buying an additional 142 shares in the last quarter. MAI Capital Management raised its stake in Federal Signal by 1,003.8% in the 2nd quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 261 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in Federal Signal by 50.0% in the 3rd quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock valued at $36,000 after purchasing an additional 100 shares during the period. TD Waterhouse Canada Inc. bought a new stake in Federal Signal in the 2nd quarter valued at about $37,000. Finally, Salomon & Ludwin LLC acquired a new position in shares of Federal Signal during the 3rd quarter worth approximately $39,000. 92.73% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on FSS. Zacks Research downgraded shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Federal Signal in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $123.00.
Insider Transactions at Federal Signal
In other Federal Signal news, COO Mark Weber sold 51,187 shares of Federal Signal stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $111.56, for a total value of $5,710,421.72. Following the transaction, the chief operating officer owned 73,874 shares in the company, valued at $8,241,383.44. The trade was a 40.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.30% of the stock is currently owned by corporate insiders.
Federal Signal Stock Performance
NYSE FSS opened at $114.65 on Friday. The firm’s 50 day simple moving average is $112.09 and its 200 day simple moving average is $117.10. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 29.93, a P/E/G ratio of 1.78 and a beta of 1.35. The company has a current ratio of 2.61, a quick ratio of 1.25 and a debt-to-equity ratio of 0.15. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $132.89.
Federal Signal (NYSE:FSS – Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The conglomerate reported $1.14 EPS for the quarter, beating the consensus estimate of $1.07 by $0.07. The business had revenue of $555.00 million during the quarter, compared to the consensus estimate of $545.19 million. Federal Signal had a net margin of 11.47% and a return on equity of 19.50%. The company’s revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 earnings per share. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. As a group, research analysts expect that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.
Federal Signal Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Friday, November 14th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.56 annualized dividend and a yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is 14.62%.
Federal Signal Profile
Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.
Federal Signal operates through two primary business segments.
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