Federal Signal Corporation $FSS Shares Acquired by Millennium Management LLC

Millennium Management LLC boosted its holdings in Federal Signal Corporation (NYSE:FSS) by 63.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 503,120 shares of the conglomerate’s stock after buying an additional 194,412 shares during the quarter. Millennium Management LLC’s holdings in Federal Signal were worth $37,004,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Nuveen LLC bought a new stake in shares of Federal Signal during the 1st quarter worth $45,307,000. The Manufacturers Life Insurance Company lifted 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 purchasing an additional 430,583 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Federal Signal during the first quarter valued at $26,144,000. Jane Street Group LLC boosted its position in shares of Federal Signal by 1,020.5% in the 1st quarter. Jane Street Group LLC now owns 210,438 shares of the conglomerate’s stock valued at $15,478,000 after purchasing an additional 191,658 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in Federal Signal by 1,432.9% in the 1st quarter. Handelsbanken Fonder AB now owns 203,260 shares of the conglomerate’s stock worth $14,950,000 after purchasing an additional 190,000 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

Analyst Ratings Changes

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

Federal Signal Stock Performance

Shares of FSS opened at $123.48 on Wednesday. The company has a market capitalization of $7.51 billion, a PE ratio of 34.40, a PEG ratio of 2.22 and a beta of 1.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60. The company’s 50 day moving average price is $119.06 and its 200 day moving average price is $97.67. Federal Signal Corporation has a 52 week low of $66.47 and a 52 week high of $130.30.

Federal Signal (NYSE:FSS) last issued its earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The company had revenue of $564.60 million during the quarter, compared to analyst estimates of $537.24 million. During the same quarter last year, the business posted $0.95 EPS. The company’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. Research analysts expect that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

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

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.