Federal Signal Corporation $FSS Shares Bought by First Trust Advisors LP

First Trust Advisors LP lifted its position in shares of Federal Signal Corporation (NYSE:FSS) by 49.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,501,431 shares of the conglomerate’s stock after acquiring an additional 497,652 shares during the period. First Trust Advisors LP owned 2.47% of Federal Signal worth $159,782,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake 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 valued at $741,000 after purchasing an additional 2,267 shares in the last quarter. Advantage Alpha Capital Partners LP bought a new position in Federal Signal in the 1st quarter valued at about $4,790,000. Jane Street Group LLC increased its stake in Federal Signal by 1,020.5% during the 1st quarter. Jane Street Group LLC now owns 210,438 shares of the conglomerate’s stock valued at $15,478,000 after buying an additional 191,658 shares during the period. Farther Finance Advisors LLC raised its position in shares of Federal Signal by 280.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,135 shares of the conglomerate’s stock worth $121,000 after buying an additional 837 shares in the last quarter. Finally, 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 buying an additional 430,583 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Stock Performance

Shares of FSS opened at $110.82 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.61 and a quick ratio of 1.25. The firm’s 50 day moving average is $115.93 and its 200-day moving average is $114.03. Federal Signal Corporation has a 12-month low of $66.47 and a 12-month high of $132.89. The stock has a market capitalization of $6.74 billion, a P/E ratio of 28.93, a P/E/G ratio of 1.91 and a beta of 1.34.

Federal Signal (NYSE:FSS) last issued its earnings results on Thursday, October 30th. The conglomerate reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The firm had revenue of $555.00 million during the quarter, compared to analysts’ expectations of $545.19 million. Federal Signal had a net margin of 11.47% and a return on equity of 19.50%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. Equities research analysts anticipate that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FSS. Weiss Ratings reiterated a “buy (b)” rating on shares of Federal Signal in a research note on Monday. Zacks Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $123.00.

Insider Activity

In other news, COO Mark Weber sold 51,187 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was 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 directly owned 73,874 shares of the company’s stock, valued at $8,241,383.44. This represents a 40.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.30% of the stock is owned by company insiders.

Federal Signal Company 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.