Maryland State Retirement & Pension System Grows Position in Federal Signal Corporation $FSS

Maryland State Retirement & Pension System raised its holdings in Federal Signal Corporation (NYSE:FSS) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,918 shares of the conglomerate’s stock after acquiring an additional 106 shares during the period. Maryland State Retirement & Pension System’s holdings in Federal Signal were worth $1,907,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in shares of Federal Signal during the 1st quarter valued at about $876,000. PNC Financial Services Group Inc. increased its position in shares of Federal Signal by 29.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,069 shares of the conglomerate’s stock valued at $741,000 after purchasing an additional 2,267 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Federal Signal by 21.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 15,641 shares of the conglomerate’s stock valued at $1,150,000 after purchasing an additional 2,724 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Federal Signal by 78.4% during the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 185 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Federal Signal by 66.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate’s stock valued at $814,000 after purchasing an additional 4,405 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on FSS shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Federal Signal in a research report on Wednesday. Raymond James Financial increased their price objective on 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 Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. KeyCorp restated a “sector weight” rating on shares of Federal Signal in a research report on Friday, July 11th. Finally, Wall Street Zen upgraded Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $123.00.

Federal Signal Price Performance

FSS opened at $115.85 on Friday. The stock’s 50 day simple moving average is $124.04 and its 200 day simple moving average is $104.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $130.30. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 2.09 and a beta of 1.29.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The firm had revenue of $564.60 million for 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%.The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. As a group, analysts predict that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

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

Federal Signal 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.