10,100 Shares in Federal Signal Corporation $FSS Bought by Versor Investments LP

Versor Investments LP purchased a new stake in Federal Signal Corporation (NYSE:FSS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,100 shares of the conglomerate’s stock, valued at approximately $1,075,000.

Other institutional investors have also recently made changes to their positions in the company. Physician Wealth Advisors Inc. grew its position in shares of Federal Signal by 47.0% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock valued at $31,000 after buying an additional 93 shares during the last quarter. Signaturefd LLC grew its position in shares of Federal Signal by 46.3% in the 2nd quarter. Signaturefd LLC now owns 660 shares of the conglomerate’s stock valued at $70,000 after buying an additional 209 shares during the last quarter. Harbor Investment Advisory LLC grew its position in shares of Federal Signal by 29.3% in 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 grew its position 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 last quarter. Finally, NewEdge Advisors LLC grew its position 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 buying an additional 252 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Up 2.0%

Shares of Federal Signal stock opened at $118.08 on Monday. The stock’s 50-day moving average is $122.67 and its 200 day moving average is $109.84. Federal Signal Corporation has a one year low of $66.47 and a one 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 firm has a market cap of $7.18 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 2.31 and a beta of 1.29.

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, topping analysts’ consensus estimates of $1.07 by $0.07. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The business had revenue of $555.00 million for the quarter, compared to the consensus estimate of $545.19 million. During the same period in the prior year, the business earned $0.87 EPS. The firm’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. Equities research analysts anticipate that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 14th will be paid 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 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 topic of a number of analyst reports. CJS Securities reiterated a “market perform” rating and issued a $125.00 price target on shares of Federal Signal in a research report on Thursday, July 31st. Raymond James Financial upped their target price on Federal Signal from $120.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Wall Street Zen upgraded Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Federal Signal in a research report on Wednesday, October 8th. Finally, DA Davidson upped their target price on Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.