Pembroke Management LTD Increases Stock Holdings in Federal Signal Corporation $FSS

Pembroke Management LTD raised its stake in Federal Signal Corporation (NYSE:FSS) by 19.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 355,556 shares of the conglomerate’s stock after purchasing an additional 57,799 shares during the period. Federal Signal makes up approximately 4.6% of Pembroke Management LTD’s holdings, making the stock its 5th biggest position. Pembroke Management LTD owned 0.58% of Federal Signal worth $37,838,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Van Berkom & Associates Inc. grew its position in Federal Signal by 2.0% during the first quarter. Van Berkom & Associates Inc. now owns 1,045,565 shares of the conglomerate’s stock worth $76,901,000 after buying an additional 20,771 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Federal Signal by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 718,214 shares of the conglomerate’s stock worth $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 1st quarter worth approximately $45,307,000. Global Alpha Capital Management Ltd. increased its position in shares of Federal Signal by 17.3% during the second quarter. Global Alpha Capital Management Ltd. now owns 562,813 shares of the conglomerate’s stock valued at $59,895,000 after purchasing an additional 83,100 shares during the period. Finally, GW&K Investment Management LLC raised its stake in shares of Federal Signal by 0.7% in the first quarter. GW&K Investment Management LLC now owns 544,463 shares of the conglomerate’s stock valued at $40,045,000 after purchasing an additional 3,734 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Zacks Research downgraded shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federal Signal in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Raymond James Financial increased their price target on shares of Federal Signal from $120.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, CJS Securities reaffirmed a “market perform” rating and set a $125.00 price objective on shares of Federal Signal in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Federal Signal currently has a consensus rating of “Hold” and an average target price of $123.00.

Insider Buying and Selling

In other news, COO Mark Weber sold 51,187 shares of Federal Signal stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $111.56, for a total value 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 approximately $8,241,383.44. This trade represents a 40.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.30% of the company’s stock.

Federal Signal Price Performance

Federal Signal stock opened at $112.71 on Tuesday. The business’s fifty day moving average is $121.11 and its two-hundred day moving average is $111.44. 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 $6.85 billion, a P/E ratio of 31.39, a P/E/G ratio of 2.31 and a beta of 1.28. Federal Signal Corporation has a 52 week low of $66.47 and a 52 week high of $132.89.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, October 30th. The conglomerate reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The business had revenue of $555.00 million during the quarter, compared to analysts’ expectations of $545.19 million. During the same period in the previous year, the business posted $0.87 earnings per share. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. Equities research analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.56 annualized dividend and a yield of 0.5%. Federal Signal’s dividend payout ratio is currently 14.62%.

About Federal Signal

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.