HighTower Advisors LLC Decreases Holdings in Federal Signal Corporation $FSS

HighTower Advisors LLC lessened its stake in shares of Federal Signal Corporation (NYSE:FSS) by 5.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,320 shares of the conglomerate’s stock after selling 1,853 shares during the period. HighTower Advisors LLC owned about 0.05% of Federal Signal worth $2,451,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FSS. CoreCap Advisors LLC increased its stake in shares of Federal Signal by 19.9% in the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate’s stock worth $81,000 after purchasing an additional 145 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of Federal Signal by 16.9% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate’s stock worth $82,000 after purchasing an additional 162 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Federal Signal by 78.4% in the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 185 shares in the last quarter. Xponance Inc. increased its stake in shares of Federal Signal by 5.2% in the first quarter. Xponance Inc. now owns 4,540 shares of the conglomerate’s stock worth $334,000 after purchasing an additional 226 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Federal Signal by 3.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,662 shares of the conglomerate’s stock worth $616,000 after purchasing an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FSS. Raymond James Financial lifted their target price on shares of Federal Signal from $120.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. KeyCorp reiterated a “sector weight” rating on shares of Federal Signal in a research note on Friday, July 11th. Wall Street Zen upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. CJS Securities restated a “market perform” rating and issued a $125.00 price objective on shares of Federal Signal in a research report on Thursday, July 31st. Finally, DA Davidson raised their price objective on shares of Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Federal Signal currently has a consensus rating of “Hold” and a consensus target price of $123.00.

Federal Signal Trading Up 2.9%

Shares of Federal Signal stock opened at $128.3690 on Friday. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $130.30. The firm has a market cap of $7.80 billion, a PE ratio of 35.76, a PEG ratio of 2.22 and a beta of 1.30. 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 company has a 50 day simple moving average of $113.92 and a two-hundred day simple moving average of $95.40.

Federal Signal (NYSE:FSS) last announced its earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.11. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The business had revenue of $564.60 million during the quarter, compared to analyst estimates of $537.24 million. During the same period in the previous year, the business posted $0.95 earnings per share. Federal Signal’s revenue for the quarter was up 15.1% on a year-over-year basis. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Analysts expect that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Friday, August 15th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, August 15th. Federal Signal’s payout ratio is presently 15.60%.

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.