Loomis Sayles & Co. L P Sells 26,069 Shares of Federal Signal Corporation $FSS

Loomis Sayles & Co. L P lessened its stake in shares of Federal Signal Corporation (NYSE:FSS) by 15.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,510 shares of the conglomerate’s stock after selling 26,069 shares during the period. Loomis Sayles & Co. L P’s holdings in Federal Signal were worth $15,592,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FSS. Norges Bank purchased a new stake in shares of Federal Signal in the second quarter worth $79,165,000. Franklin Resources Inc. boosted its stake in Federal Signal by 20.1% in the 2nd quarter. Franklin Resources Inc. now owns 732,283 shares of the conglomerate’s stock worth $77,930,000 after purchasing an additional 122,558 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Federal Signal by 0.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 718,214 shares of the conglomerate’s stock valued at $52,826,000 after purchasing an additional 2,057 shares during the last quarter. Nuveen LLC bought a new stake in Federal Signal during the 1st quarter valued at about $45,307,000. Finally, Global Alpha Capital Management Ltd. increased its stake in Federal Signal by 17.3% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 562,813 shares of the conglomerate’s stock valued at $59,895,000 after purchasing an additional 83,100 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FSS. Zacks Research downgraded shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Federal Signal in a research report on Wednesday, November 19th. Two equities research 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.com, Federal Signal currently has a consensus rating of “Hold” and a consensus price target of $123.00.

Federal Signal Stock Up 1.1%

FSS stock opened at $114.00 on Monday. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 31.75, a P/E/G ratio of 2.31 and a beta of 1.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60. The business’s 50-day moving average is $116.88 and its two-hundred day moving average is $113.82. Federal Signal Corporation has a fifty-two week low of $66.47 and a fifty-two week high of $132.89.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, October 30th. The conglomerate reported $1.14 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $545.19 million. During the same quarter in the prior year, the firm earned $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. As a group, analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th will be given 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 presently 14.62%.

Insider Buying and Selling at Federal Signal

In other news, COO Mark Weber sold 51,187 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $111.56, for a total transaction of $5,710,421.72. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 3.30% of the stock is owned by corporate insiders.

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.