2,665 Shares in Federal Signal Corporation $FSS Acquired by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC acquired a new stake in shares of Federal Signal Corporation (NYSE:FSS) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,665 shares of the conglomerate’s stock, valued at approximately $284,000.

Other large investors have also made changes to their positions in the company. Physician Wealth Advisors Inc. raised its holdings in shares of Federal Signal by 47.0% during the second quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 93 shares during the last quarter. Signaturefd LLC grew its position in Federal Signal by 46.3% during the 2nd quarter. Signaturefd LLC now owns 660 shares of the conglomerate’s stock worth $70,000 after purchasing an additional 209 shares during the period. Harbor Investment Advisory LLC raised its stake in shares of Federal Signal by 29.3% during the 2nd quarter. Harbor Investment Advisory LLC now owns 851 shares of the conglomerate’s stock valued at $91,000 after buying an additional 193 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Federal Signal by 280.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,135 shares of the conglomerate’s stock valued at $121,000 after buying an additional 837 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Federal Signal by 41.2% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,580 shares of the conglomerate’s stock worth $168,000 after buying an additional 461 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on FSS. CJS Securities reissued a “market perform” rating and issued a $125.00 price target on shares of Federal Signal in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Federal Signal in a report on Thursday, November 13th. Wall Street Zen upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Zacks Research lowered shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, DA Davidson upped their price objective on shares of Federal Signal from $100.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Federal Signal has a consensus rating of “Hold” and an average price target of $123.00.

Federal Signal Stock Performance

NYSE:FSS opened at $107.33 on Thursday. 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 stock has a market capitalization of $6.53 billion, a PE ratio of 29.90, a P/E/G ratio of 2.31 and a beta of 1.28. Federal Signal Corporation has a fifty-two week low of $66.47 and a fifty-two week high of $132.89. The company has a fifty day moving average of $119.00 and a two-hundred day moving average of $112.65.

Federal Signal (NYSE:FSS) last released its earnings results 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 net margin of 11.22% and a return on equity of 18.91%. The business had revenue of $555.00 million during the quarter, compared to analysts’ expectations of $545.19 million. During the same quarter in the previous year, the company earned $0.87 earnings per share. The company’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. As a group, research analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

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

Insider Activity at Federal Signal

In related news, COO Mark Weber sold 51,187 shares of the 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 transaction, the chief operating officer directly owned 73,874 shares of the company’s stock, valued at approximately $8,241,383.44. This represents a 40.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.30% of the company’s stock.

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.