Federal Signal Corporation $FSS Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc reduced its holdings in Federal Signal Corporation (NYSE:FSS) by 14.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,698 shares of the conglomerate’s stock after selling 3,250 shares during the period. Ensign Peak Advisors Inc’s holdings in Federal Signal were worth $2,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of FSS. Physician Wealth Advisors Inc. lifted its stake in Federal Signal by 47.0% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 93 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in shares of Federal Signal in the second quarter valued at approximately $37,000. Signaturefd LLC increased its holdings in shares of Federal Signal by 46.3% in the second quarter. Signaturefd LLC now owns 660 shares of the conglomerate’s stock valued at $70,000 after purchasing an additional 209 shares during the last quarter. Harbor Investment Advisory LLC lifted 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 worth $91,000 after buying an additional 193 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake 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 buying an additional 837 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Insider Activity at Federal Signal

In other news, COO Mark Weber sold 51,187 shares of Federal Signal stock in a transaction on 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 completion of the sale, the chief operating officer directly owned 73,874 shares of the company’s stock, valued at approximately $8,241,383.44. The trade was a 40.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Federal Signal Trading Up 1.3%

Shares of FSS stock opened at $113.13 on Friday. Federal Signal Corporation has a 1-year low of $66.47 and a 1-year high of $132.89. The firm has a market cap of $6.88 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 2.31 and a beta of 1.28. The company has a 50-day moving average of $117.10 and a two-hundred day 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 (NYSE:FSS) last released its quarterly earnings results on Thursday, October 30th. The conglomerate reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The business had revenue of $555.00 million for 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%. The business’s revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. On average, analysts predict that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Announces Dividend

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. DA Davidson raised their target price on Federal Signal from $100.00 to $112.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Raymond James Financial upped their price objective on shares of Federal Signal from $120.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. CJS Securities reaffirmed a “market perform” rating and set a $125.00 target price on shares of Federal Signal in a research note on Thursday, July 31st. Wall Street Zen raised shares of Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Federal Signal in a report on Wednesday, November 19th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.