Swiss National Bank Sells 1,700 Shares of Federal Signal Corporation $FSS

Swiss National Bank reduced its stake in Federal Signal Corporation (NYSE:FSS) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,700 shares of the conglomerate’s stock after selling 1,700 shares during the quarter. Swiss National Bank owned about 0.19% of Federal Signal worth $12,419,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in Federal Signal in the 1st quarter valued at $876,000. PNC Financial Services Group Inc. lifted its holdings in shares of Federal Signal by 29.1% during the first quarter. PNC Financial Services Group Inc. now owns 10,069 shares of the conglomerate’s stock worth $741,000 after buying an additional 2,267 shares in the last quarter. Advantage Alpha Capital Partners LP bought a new stake in shares of Federal Signal in the first quarter valued at about $4,790,000. Jefferies Financial Group Inc. grew its stake in shares of Federal Signal by 287.0% in the first quarter. Jefferies Financial Group Inc. now owns 9,736 shares of the conglomerate’s stock valued at $716,000 after acquiring an additional 7,220 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in Federal Signal by 280.9% during the second quarter. Farther Finance Advisors LLC now owns 1,135 shares of the conglomerate’s stock worth $121,000 after acquiring an additional 837 shares during the period. Institutional investors own 92.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FSS. DA Davidson boosted their price objective on shares of Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Zacks Research cut Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. CJS Securities reissued a “market perform” rating and set a $125.00 price target on shares of Federal Signal in a research report on Thursday, July 31st. Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Raymond James Financial upped their target price on Federal Signal from $120.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $123.00.

Insider Buying and Selling

In other news, COO Mark Weber sold 51,187 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $111.56, for a total value of $5,710,421.72. Following the completion of the transaction, the chief operating officer owned 73,874 shares of the company’s stock, valued at approximately $8,241,383.44. This represents a 40.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.30% of the company’s stock.

Federal Signal Stock Up 1.3%

Shares of FSS opened at $113.13 on Friday. The firm has a 50 day simple moving average of $117.10 and a two-hundred day simple moving average of $113.41. 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 one year low of $66.47 and a one year high of $132.89. The company has a market cap of $6.88 billion, a P/E ratio of 31.51, a P/E/G ratio of 2.31 and a beta of 1.28.

Federal Signal (NYSE:FSS) last issued its earnings results on Thursday, October 30th. The conglomerate reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The firm had revenue of $555.00 million for the quarter, compared to the consensus estimate of $545.19 million. During the same quarter last year, the business posted $0.87 EPS. The company’s revenue was up 17.0% compared to the same quarter last year. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. Research analysts forecast that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, November 14th. Federal Signal’s payout ratio 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.