Global Alpha Capital Management Ltd. Boosts Stock Holdings in Federal Signal Corporation $FSS

Global Alpha Capital Management Ltd. lifted its holdings in Federal Signal Corporation (NYSE:FSS) by 17.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 562,813 shares of the conglomerate’s stock after acquiring an additional 83,100 shares during the quarter. Federal Signal comprises approximately 3.7% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 6th biggest position. Global Alpha Capital Management Ltd.’s holdings in Federal Signal were worth $59,895,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Los Angeles Capital Management LLC lifted its holdings in Federal Signal by 164.8% during the second quarter. Los Angeles Capital Management LLC now owns 64,705 shares of the conglomerate’s stock worth $6,886,000 after acquiring an additional 40,266 shares during the period. Marco Investment Management LLC purchased a new stake in shares of Federal Signal during the 2nd quarter valued at $206,000. Bank of New York Mellon Corp raised its stake in shares of Federal Signal by 2.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 481,669 shares of the conglomerate’s stock worth $51,259,000 after purchasing an additional 13,767 shares during the period. Bank of Montreal Can raised its stake in shares of Federal Signal by 3.7% during the 2nd quarter. Bank of Montreal Can now owns 45,498 shares of the conglomerate’s stock worth $4,842,000 after purchasing an additional 1,635 shares during the period. Finally, Montanaro Asset Management Ltd boosted its holdings in shares of Federal Signal by 138.6% in the 2nd quarter. Montanaro Asset Management Ltd now owns 43,900 shares of the conglomerate’s stock worth $4,672,000 after buying an additional 25,500 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on FSS. DA Davidson lifted 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. Raymond James Financial lifted their price target on shares of Federal Signal from $120.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. KeyCorp reiterated a “sector weight” rating on shares of Federal Signal in a research note on Friday, July 11th. CJS Securities reissued a “market perform” rating and issued a $125.00 target price on shares of Federal Signal in a research report on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federal Signal in a research report on Wednesday, October 8th. 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 has an average rating of “Hold” and a consensus price target of $123.00.

Federal Signal Stock Down 0.4%

FSS opened at $110.55 on Friday. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $132.89. The company has a market cap of $6.72 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 2.31 and a beta of 1.28. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $121.32 and a 200 day moving average of $110.68.

Federal Signal (NYSE:FSS) last issued its 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 net margin of 11.22% and a return on equity of 18.91%. The business had revenue of $555.00 million for the quarter, compared to analysts’ expectations of $545.19 million. During the same quarter in the previous year, the firm posted $0.87 EPS. The business’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. On average, sell-side analysts expect that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Announces Dividend

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

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.