Allspring Global Investments Holdings LLC Acquires 23,859 Shares of Federal Signal Corporation $FSS

Allspring Global Investments Holdings LLC increased its holdings in shares of Federal Signal Corporation (NYSE:FSS) by 18.2% during the second quarter, HoldingsChannel reports. The firm owned 154,932 shares of the conglomerate’s stock after buying an additional 23,859 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Federal Signal were worth $16,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FSS. Bessemer Group Inc. increased its position in Federal Signal by 78.4% during the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 185 shares during the last quarter. Physician Wealth Advisors Inc. increased its position in Federal Signal by 47.0% during the second quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 93 shares during the last quarter. Signaturefd LLC increased its position in Federal Signal by 46.3% during the second quarter. Signaturefd LLC now owns 660 shares of the conglomerate’s stock valued at $70,000 after acquiring an additional 209 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in Federal Signal by 16.9% during the first quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate’s stock valued at $82,000 after acquiring an additional 162 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its position in Federal Signal by 29.3% during the second quarter. Harbor Investment Advisory LLC now owns 851 shares of the conglomerate’s stock valued at $91,000 after acquiring an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on FSS. Raymond James Financial upped 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. Wall Street Zen upgraded Federal Signal from a “hold” rating to a “buy” rating in a research 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 upped their price target on Federal Signal from $100.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Finally, KeyCorp restated a “sector weight” rating on shares of Federal Signal in a research report on Friday, July 11th. Two equities research 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 company has a consensus rating of “Hold” and an average price target of $123.00.

Federal Signal Stock Performance

NYSE FSS opened at $120.54 on Friday. 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 quick ratio of 1.25, a current ratio of 2.60 and a debt-to-equity ratio of 0.20. The business 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 twelve month low of $66.47 and a twelve month high of $130.30.

Federal Signal (NYSE:FSS) last released 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. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The firm had revenue of $564.60 million during the quarter, compared to analyst estimates of $537.24 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. As a group, equities research analysts predict that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

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