Envestnet Portfolio Solutions Inc. Acquires Shares of 3,180 Federal Signal Corporation $FSS

Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Federal Signal Corporation (NYSE:FSS) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 3,180 shares of the conglomerate’s stock, valued at approximately $338,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FSS. Nuveen LLC acquired a new stake in shares of Federal Signal during the 1st quarter worth approximately $45,307,000. Congress Asset Management Co. acquired a new stake in shares of Federal Signal during the 2nd quarter worth approximately $51,945,000. The Manufacturers Life Insurance Company raised its position in shares of Federal Signal by 1,266.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 464,593 shares of the conglomerate’s stock worth $34,171,000 after purchasing an additional 430,583 shares during the period. Millennium Management LLC raised its position in shares of Federal Signal by 63.0% during the 1st quarter. Millennium Management LLC now owns 503,120 shares of the conglomerate’s stock worth $37,004,000 after purchasing an additional 194,412 shares during the period. Finally, Jane Street Group LLC raised its position in shares of Federal Signal by 1,020.5% during the 1st quarter. Jane Street Group LLC now owns 210,438 shares of the conglomerate’s stock worth $15,478,000 after purchasing an additional 191,658 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Stock Performance

Shares of NYSE FSS opened at $125.13 on Friday. The stock has a fifty day moving average price of $122.98 and a two-hundred day moving average price of $107.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60. The firm has a market cap of $7.61 billion, a P/E ratio of 34.85, a PEG ratio of 2.16 and a beta of 1.29. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $130.30.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. The firm had revenue of $564.60 million during the quarter, compared to analyst estimates of $537.24 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the company posted $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Research analysts forecast that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FSS. Wall Street Zen upgraded Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Federal Signal in a report on Wednesday, October 8th. Raymond James Financial increased their price objective on Federal Signal from $120.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. KeyCorp reissued a “sector weight” rating on shares of Federal Signal in a report on Friday, July 11th. Finally, Zacks Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Federal Signal has an average rating of “Hold” and an average price target of $123.00.

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.