Oak Ridge Investments LLC Reduces Stock Position in Federal Signal Corporation $FSS

Oak Ridge Investments LLC cut its holdings in Federal Signal Corporation (NYSE:FSS) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,756 shares of the conglomerate’s stock after selling 1,285 shares during the period. Oak Ridge Investments LLC owned 0.06% of Federal Signal worth $3,805,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Physician Wealth Advisors Inc. raised its position in Federal Signal by 47.0% in the second quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 93 shares during the period. Maryland State Retirement & Pension System raised its position in Federal Signal by 0.6% in the second quarter. Maryland State Retirement & Pension System now owns 17,918 shares of the conglomerate’s stock worth $1,907,000 after acquiring an additional 106 shares during the period. Creative Financial Designs Inc. ADV raised its position in Federal Signal by 16.9% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate’s stock worth $82,000 after acquiring an additional 162 shares during the period. Bessemer Group Inc. raised its position in Federal Signal by 78.4% in the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 185 shares during the period. Finally, Harbor Investment Advisory LLC raised its position in Federal Signal by 29.3% in the second quarter. Harbor Investment Advisory LLC now owns 851 shares of the conglomerate’s stock worth $91,000 after acquiring an additional 193 shares during the period. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Stock Performance

Shares of NYSE FSS opened at $115.85 on Friday. 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 has a market cap of $7.04 billion, a P/E ratio of 32.27, a P/E/G ratio of 2.06 and a beta of 1.29. The firm’s fifty day moving average is $124.04 and its two-hundred day moving average is $104.40. Federal Signal Corporation has a 52-week low of $66.47 and a 52-week high of $130.30.

Federal Signal (NYSE:FSS) last announced its quarterly 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. The company had revenue of $564.60 million for the quarter, compared to the consensus estimate of $537.24 million. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. Federal Signal’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. As a group, analysts anticipate that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FSS shares. CJS Securities reiterated 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 target price on shares of Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Zacks Research cut shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. KeyCorp restated a “sector weight” rating on shares of Federal Signal in a research note on Friday, July 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Federal Signal in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently 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.