Atria Investments Inc Boosts Position in Federal Signal Corporation $FSS

Atria Investments Inc lifted its holdings in Federal Signal Corporation (NYSE:FSS) by 65.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,181 shares of the conglomerate’s stock after acquiring an additional 2,041 shares during the quarter. Atria Investments Inc’s holdings in Federal Signal were worth $551,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. boosted its stake in shares of Federal Signal by 47.0% in the second quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock worth $31,000 after buying an additional 93 shares during the last quarter. Signaturefd LLC boosted its holdings in Federal Signal by 46.3% during the second quarter. Signaturefd LLC now owns 660 shares of the conglomerate’s stock worth $70,000 after buying an additional 209 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in Federal Signal by 29.3% in the second quarter. Harbor Investment Advisory LLC now owns 851 shares of the conglomerate’s stock valued at $91,000 after buying an additional 193 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Federal Signal by 280.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,135 shares of the conglomerate’s stock worth $121,000 after acquiring an additional 837 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Federal Signal by 15.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,838 shares of the conglomerate’s stock valued at $135,000 after purchasing an additional 252 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Price Performance

Federal Signal stock opened at $110.55 on Monday. 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 price of $121.32 and a 200 day moving average price of $111.19. Federal Signal Corporation has a 12-month low of $66.47 and a 12-month high of $132.89. The stock has a market cap of $6.72 billion, a P/E ratio of 30.79, a PEG ratio of 2.31 and a beta of 1.28.

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

Federal Signal Announces Dividend

The firm 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. This represents a $0.56 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, November 14th. Federal Signal’s dividend payout ratio is 14.62%.

Wall Street Analyst Weigh In

FSS has been the subject of a number of recent analyst reports. DA Davidson boosted their price objective on Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Zacks Research downgraded shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Raymond James Financial increased their target price on Federal Signal from $120.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Wall Street Zen upgraded Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Weiss Ratings reissued 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $123.00.

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.