Mutual of America Capital Management LLC Has $11.94 Million Holdings in Federal Signal Corporation $FSS

Mutual of America Capital Management LLC lessened its position in Federal Signal Corporation (NYSE:FSS) by 7.3% in the third quarter, HoldingsChannel.com reports. The fund owned 100,345 shares of the conglomerate’s stock after selling 7,885 shares during the period. Mutual of America Capital Management LLC’s holdings in Federal Signal were worth $11,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of FSS. State Street Corp boosted its stake in shares of Federal Signal by 0.4% during the 2nd quarter. State Street Corp now owns 2,266,523 shares of the conglomerate’s stock worth $241,203,000 after acquiring an additional 7,982 shares during the period. First Trust Advisors LP lifted its holdings in Federal Signal by 49.6% during 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 during the last quarter. Norges Bank bought a new position in Federal Signal during the 2nd quarter worth $79,165,000. Franklin Resources Inc. increased its position in Federal Signal by 20.1% during the second quarter. Franklin Resources Inc. now owns 732,283 shares of the conglomerate’s stock worth $77,930,000 after acquiring an additional 122,558 shares during the period. Finally, Global Alpha Capital Management Ltd. increased its holdings in shares of Federal Signal by 17.3% during the second quarter. Global Alpha Capital Management Ltd. now owns 562,813 shares of the conglomerate’s stock worth $59,895,000 after purchasing an additional 83,100 shares during the period. Institutional investors own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Federal Signal in a report on Monday, December 29th. Zacks Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $123.00.

Insider Activity

In other news, COO Mark Weber sold 51,187 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $111.56, for a total value of $5,710,421.72. Following the completion of the sale, the chief operating officer directly owned 73,874 shares in the company, valued at $8,241,383.44. This trade represents a 40.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.30% of the stock is owned by company insiders.

Federal Signal Stock Performance

Shares of FSS stock opened at $114.09 on Tuesday. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $132.89. The company has a current ratio of 2.61, a quick ratio of 1.25 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 1.74 and a beta of 1.35. The business’s 50-day moving average price is $112.28 and its 200-day moving average price is $117.20.

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

About Federal Signal

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.