Inceptionr LLC Makes New Investment in Federal Signal Corporation $FSS

Inceptionr LLC purchased a new position in shares of Federal Signal Corporation (NYSE:FSS) during the second quarter, HoldingsChannel reports. The fund purchased 9,562 shares of the conglomerate’s stock, valued at approximately $1,018,000.

A number of other large investors have also made changes to their positions in the company. Physician Wealth Advisors Inc. raised its stake in Federal Signal by 47.0% during the 2nd 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 period. MAI Capital Management increased its holdings in shares of Federal Signal by 1,003.8% in the second quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 261 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of Federal Signal during the second quarter worth about $37,000. Signaturefd LLC raised its position in shares of Federal Signal by 46.3% during the second quarter. Signaturefd LLC now owns 660 shares of the conglomerate’s stock worth $70,000 after purchasing an additional 209 shares during the period. Finally, Harbor Investment Advisory LLC lifted its holdings 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 purchasing an additional 193 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

Insiders Place Their Bets

In other Federal Signal news, COO Mark Weber sold 51,187 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $111.56, for a total transaction of $5,710,421.72. Following the transaction, the chief operating officer owned 73,874 shares of the company’s stock, valued at $8,241,383.44. The trade was a 40.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is currently owned by corporate insiders.

Federal Signal Stock Performance

Shares of FSS opened at $113.13 on Thursday. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 2.31 and a beta of 1.28. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $132.89. The firm has a fifty day simple moving average of $117.39 and a 200 day simple moving average of $113.41. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20.

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

Federal Signal Dividend Announcement

The business also recently declared 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. 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 14.62%.

Analysts Set New Price Targets

A number of analysts recently issued reports on FSS shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Federal Signal in a research note on Wednesday, November 19th. CJS Securities reissued a “market perform” rating and set a $125.00 price objective on shares of Federal Signal in a research report on Thursday, July 31st. DA Davidson raised their price objective on shares of Federal Signal from $100.00 to $112.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Zacks Research lowered shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Raymond James Financial lifted their price target on Federal Signal from $120.00 to $145.00 and gave the company an “outperform” rating in a research note 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 company’s stock. According to data from MarketBeat, the stock has an average 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.