Illinois Municipal Retirement Fund Trims Holdings in Federal Signal Corporation $FSS

Illinois Municipal Retirement Fund lowered its stake in shares of Federal Signal Corporation (NYSE:FSS) by 2.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 30,623 shares of the conglomerate’s stock after selling 924 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.05% of Federal Signal worth $3,259,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FSS. Physician Wealth Advisors Inc. lifted its stake in Federal Signal by 47.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 93 shares in the last quarter. Maryland State Retirement & Pension System increased its stake in Federal Signal by 0.6% during the second quarter. Maryland State Retirement & Pension System now owns 17,918 shares of the conglomerate’s stock worth $1,907,000 after purchasing an additional 106 shares during the period. Nisa Investment Advisors LLC increased its stake in Federal Signal by 5.1% during the second quarter. Nisa Investment Advisors LLC now owns 2,339 shares of the conglomerate’s stock worth $249,000 after purchasing an additional 113 shares during the period. Profund Advisors LLC lifted its position in shares of Federal Signal by 5.8% during the second quarter. Profund Advisors LLC now owns 3,019 shares of the conglomerate’s stock worth $321,000 after purchasing an additional 165 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in shares of Federal Signal by 29.3% in the second quarter. Harbor Investment Advisory LLC now owns 851 shares of the conglomerate’s stock valued at $91,000 after purchasing an additional 193 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Insider Transactions at Federal Signal

In related news, COO Mark Weber sold 51,187 shares of the business’s 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FSS. Wall Street Zen raised shares of Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. CJS Securities reissued a “market perform” rating and set a $125.00 price objective on shares of Federal Signal in a research report on Thursday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Federal Signal in a research report on Wednesday, October 8th. Raymond James Financial increased their target price on Federal Signal from $120.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Zacks Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $123.00.

Federal Signal Stock Performance

Shares of FSS opened at $111.10 on Thursday. The company’s 50 day simple moving average is $120.65 and its 200-day simple moving average is $111.69. The firm has a market cap of $6.76 billion, a PE ratio of 30.95, a price-to-earnings-growth ratio of 2.31 and a beta of 1.28. Federal Signal Corporation has a 12-month low of $66.47 and a 12-month high of $132.89. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, October 30th. The conglomerate reported $1.14 EPS for the quarter, beating the consensus estimate of $1.07 by $0.07. The firm 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 11.22% and a return on equity of 18.91%. Federal Signal’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 EPS. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. As a group, equities analysts predict that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 14th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is currently 14.62%.

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.