Federal Signal Corporation $FSS Shares Sold by Cavalier Investments LLC

Cavalier Investments LLC cut its holdings in shares of Federal Signal Corporation (NYSE:FSS) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,585 shares of the conglomerate’s stock after selling 207 shares during the period. Cavalier Investments LLC’s holdings in Federal Signal were worth $1,126,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FSS. Van Berkom & Associates Inc. raised its holdings in shares of Federal Signal by 2.0% during the first quarter. Van Berkom & Associates Inc. now owns 1,045,565 shares of the conglomerate’s stock valued at $76,901,000 after acquiring an additional 20,771 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Federal Signal by 0.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 718,214 shares of the conglomerate’s stock valued at $52,826,000 after acquiring an additional 2,057 shares during the period. Nuveen LLC acquired a new stake in shares of Federal Signal during the first quarter valued at approximately $45,307,000. GW&K Investment Management LLC raised its holdings in shares of Federal Signal by 0.7% during the first quarter. GW&K Investment Management LLC now owns 544,463 shares of the conglomerate’s stock valued at $40,045,000 after acquiring an additional 3,734 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Federal Signal by 63.0% during the first quarter. Millennium Management LLC now owns 503,120 shares of the conglomerate’s stock valued at $37,004,000 after acquiring an additional 194,412 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FSS shares. KeyCorp restated a “sector weight” rating on shares of Federal Signal in a report on Friday, July 11th. Raymond James Financial boosted their price target 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. DA Davidson boosted their price target on shares of Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Zacks Research lowered shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Federal Signal in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $123.00.

Federal Signal Stock Performance

Shares of FSS opened at $123.16 on Wednesday. The company’s fifty day moving average is $123.20 and its 200-day moving average is $106.60. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $130.30. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 34.31, a price-to-earnings-growth ratio of 2.18 and a beta of 1.29. The company has a quick ratio of 1.25, a current ratio of 2.60 and a debt-to-equity ratio of 0.20.

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

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.