Pembroke Management LTD Has $33.46 Million Holdings in Federal Signal Corporation $FSS

Pembroke Management LTD cut its position in Federal Signal Corporation (NYSE:FSS) by 20.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 281,196 shares of the conglomerate’s stock after selling 74,360 shares during the period. Federal Signal makes up about 3.3% of Pembroke Management LTD’s investment portfolio, making the stock its 9th largest holding. Pembroke Management LTD’s holdings in Federal Signal were worth $33,460,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Federal Signal in the 2nd quarter worth approximately $79,165,000. First Trust Advisors LP increased its holdings in shares of Federal Signal by 49.6% in the 2nd quarter. First Trust Advisors LP now owns 1,501,431 shares of the conglomerate’s stock worth $159,782,000 after purchasing an additional 497,652 shares in the last quarter. Congress Asset Management Co. purchased a new position in shares of Federal Signal in the second quarter worth $51,945,000. Greenvale Capital LLP bought a new position in shares of Federal Signal during the second quarter valued at $25,491,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of Federal Signal during the third quarter valued at $23,037,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Insider Buying and Selling

In other Federal Signal news, COO Mark Weber sold 51,187 shares of the company’s stock in a transaction that occurred 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 directly owned 73,874 shares of the company’s stock, valued at approximately $8,241,383.44. This represents a 40.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

FSS has been the subject of several research analyst reports. Zacks Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Federal Signal in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Federal Signal currently has a consensus rating of “Hold” and an average target price of $123.00.

Federal Signal Stock Performance

Shares of FSS opened at $114.70 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.61 and a quick ratio of 1.25. Federal Signal Corporation has a one year low of $66.47 and a one year high of $132.89. The firm has a market capitalization of $6.97 billion, a P/E ratio of 29.95, a PEG ratio of 1.82 and a beta of 1.35. The business has a fifty day moving average of $111.86 and a 200 day moving average of $117.03.

Federal Signal (NYSE:FSS) last posted its earnings results on Thursday, October 30th. The conglomerate reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The company had revenue of $555.00 million for the quarter, compared to the consensus estimate of $545.19 million. Federal Signal had a return on equity of 19.50% and a net margin of 11.47%.Federal Signal’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 earnings per share. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. As a group, sell-side analysts anticipate that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Friday, November 14th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, November 14th. Federal Signal’s payout ratio is 14.62%.

Federal Signal Profile

Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.

Federal Signal operates through two primary business segments.