Los Angeles Capital Management LLC Boosts Stake in Federal Signal Corporation $FSS

Los Angeles Capital Management LLC increased its holdings in shares of Federal Signal Corporation (NYSE:FSS) by 164.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,705 shares of the conglomerate’s stock after acquiring an additional 40,266 shares during the period. Los Angeles Capital Management LLC’s holdings in Federal Signal were worth $6,886,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Physician Wealth Advisors Inc. lifted its holdings in Federal Signal by 47.0% in the second quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 93 shares during the period. Maryland State Retirement & Pension System increased its holdings in shares of Federal Signal by 0.6% in the 2nd quarter. Maryland State Retirement & Pension System now owns 17,918 shares of the conglomerate’s stock valued at $1,907,000 after purchasing an additional 106 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Federal Signal by 5.1% in the second quarter. Nisa Investment Advisors LLC now owns 2,339 shares of the conglomerate’s stock valued at $249,000 after purchasing an additional 113 shares during the period. Harbor Investment Advisory LLC boosted its holdings in Federal Signal by 29.3% during the second quarter. Harbor Investment Advisory LLC now owns 851 shares of the conglomerate’s stock worth $91,000 after buying an additional 193 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in Federal Signal by 0.9% during the second quarter. Yousif Capital Management LLC now owns 23,004 shares of the conglomerate’s stock worth $2,448,000 after buying an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. CJS Securities reaffirmed a “market perform” rating and issued a $125.00 target price on shares of Federal Signal in a report on Thursday, July 31st. DA Davidson raised their price objective on Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Zacks Research cut Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Federal Signal in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Federal Signal has an average rating of “Hold” and an average target price of $123.00.

Federal Signal Trading Down 0.4%

Shares of Federal Signal stock opened at $110.55 on Monday. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $132.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25. The business has a 50 day moving average price of $121.32 and a 200 day moving average price of $111.19. The company has a market capitalization of $6.72 billion, a P/E ratio of 30.79, a P/E/G ratio of 2.31 and a beta of 1.28.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, October 30th. The conglomerate reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.07. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The company had revenue of $555.00 million during the quarter, compared to the consensus estimate of $545.19 million. During the same quarter last year, the business posted $0.87 earnings per share. Federal Signal’s revenue 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. Sell-side analysts anticipate that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

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

Federal Signal Company 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.