Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Federal Signal Corporation (NYSE:FSS – Free Report) by 27.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 202,428 shares of the conglomerate’s stock after acquiring an additional 43,684 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Federal Signal were worth $24,087,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Vest Financial LLC boosted its holdings in shares of Federal Signal by 17.4% during the 3rd quarter. Vest Financial LLC now owns 28,644 shares of the conglomerate’s stock valued at $3,408,000 after acquiring an additional 4,247 shares in the last quarter. Sage Mountain Advisors LLC acquired a new position in Federal Signal in the 3rd quarter worth about $458,000. Amalgamated Bank raised its position in Federal Signal by 0.8% in the third quarter. Amalgamated Bank now owns 17,478 shares of the conglomerate’s stock valued at $2,080,000 after purchasing an additional 136 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Federal Signal by 27.1% during the third quarter. Evergreen Capital Management LLC now owns 6,114 shares of the conglomerate’s stock valued at $728,000 after purchasing an additional 1,305 shares in the last quarter. Finally, EULAV Asset Management boosted its stake in shares of Federal Signal by 8.7% during the third quarter. EULAV Asset Management now owns 261,883 shares of the conglomerate’s stock valued at $31,161,000 after purchasing an additional 21,000 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Federal Signal
In related news, COO Mark Weber sold 51,187 shares of Federal Signal stock in a transaction on 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 transaction, the chief operating officer owned 73,874 shares of the company’s stock, valued at $8,241,383.44. This trade represents a 40.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is currently owned by company insiders.
Federal Signal Trading Up 0.1%
Federal Signal (NYSE:FSS – Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The conglomerate reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. Federal Signal had a return on equity of 19.50% and a net margin of 11.47%.The company had revenue of $555.00 million for the quarter, compared to analyst estimates of $545.19 million. During the same period in the previous year, the firm earned $0.87 earnings per share. The firm’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. On average, analysts expect that Federal Signal Corporation will post 3.34 EPS for the current year.
Federal Signal Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th were paid 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 of this dividend was Friday, November 14th. Federal Signal’s dividend payout ratio is currently 14.62%.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Federal Signal in a research note on Monday, December 29th. Zacks Research lowered shares of 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 issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $123.00.
View Our Latest Stock Report on FSS
Federal Signal Company Profile
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.
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