Amundi Cuts Stock Position in Federal Signal Corporation $FSS

Amundi lessened its stake in shares of Federal Signal Corporation (NYSE:FSS) by 18.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,383 shares of the conglomerate’s stock after selling 5,865 shares during the quarter. Amundi’s holdings in Federal Signal were worth $1,851,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in Federal Signal during the first quarter worth $29,000. Bessemer Group Inc. grew its holdings in Federal Signal by 78.4% in the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 185 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings in Federal Signal by 201.8% in the first quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate’s stock valued at $48,000 after purchasing an additional 440 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of Federal Signal by 16.9% during the first quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate’s stock valued at $82,000 after acquiring an additional 162 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake in shares of Federal Signal by 21.4% during the first quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the conglomerate’s stock valued at $125,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Ratings Changes

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

Federal Signal Stock Down 1.8%

Shares of Federal Signal stock opened at $125.54 on Friday. The company has a fifty day moving average price of $119.85 and a 200 day moving average price of $98.36. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. Federal Signal Corporation has a twelve month low of $66.47 and a twelve month high of $130.30. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 34.97, a price-to-earnings-growth ratio of 2.27 and a beta of 1.32.

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

Federal Signal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Friday, August 15th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, August 15th. Federal Signal’s dividend payout ratio is currently 15.60%.

Federal Signal Company 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.