PineStone Asset Management Inc. Sells 12,700 Shares of Federal Signal Corporation $FSS

PineStone Asset Management Inc. lowered its holdings in Federal Signal Corporation (NYSE:FSS) by 6.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 185,484 shares of the conglomerate’s stock after selling 12,700 shares during the quarter. Federal Signal accounts for about 0.1% of PineStone Asset Management Inc.’s investment portfolio, making the stock its 29th largest position. PineStone Asset Management Inc. owned about 0.31% of Federal Signal worth $22,071,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of Federal Signal by 140.6% in the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock valued at $26,000 after acquiring an additional 142 shares during the period. MAI Capital Management raised its stake in Federal Signal by 1,003.8% during the 2nd quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 261 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in Federal Signal by 47.0% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 93 shares during the period. TD Waterhouse Canada Inc. bought a new stake in Federal Signal in the 2nd quarter valued at $37,000. Finally, Signaturefd LLC grew its position in Federal Signal by 46.3% in the 2nd quarter. Signaturefd LLC now owns 660 shares of the conglomerate’s stock worth $70,000 after purchasing an additional 209 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on FSS. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Federal Signal in a research report on Monday, December 22nd. Zacks Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Federal Signal currently has a consensus rating of “Hold” and an average target price of $123.00.

Federal Signal Trading Down 0.6%

FSS stock opened at $113.48 on Friday. Federal Signal Corporation has a 1-year low of $66.47 and a 1-year high of $132.89. The company has a current ratio of 2.61, a quick ratio of 1.25 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $113.67 and its 200-day moving average is $115.95. The firm has a market cap of $6.90 billion, a P/E ratio of 29.63, a P/E/G ratio of 1.95 and a beta of 1.34.

Federal Signal (NYSE:FSS) last announced 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. Federal Signal had a return on equity of 19.50% and a net margin of 11.47%.The business had revenue of $555.00 million for the quarter, compared to analyst estimates of $545.19 million. During the same quarter in the previous year, the firm earned $0.87 EPS. Federal Signal’s quarterly revenue was up 17.0% on a year-over-year basis. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. Equities analysts anticipate that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.56 annualized dividend and a dividend yield of 0.5%. Federal Signal’s dividend payout ratio is presently 14.62%.

Insider Activity

In related 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 transaction of $5,710,421.72. Following the completion of the sale, the chief operating officer owned 73,874 shares in the company, valued at $8,241,383.44. This trade represents a 40.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.30% of the stock is owned by company insiders.

About Federal Signal

Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.

Federal Signal operates through two primary business segments.