Federal Signal Corporation $FSS Shares Purchased by Jane Street Group LLC

Jane Street Group LLC grew its holdings in shares of Federal Signal Corporation (NYSE:FSS) by 1,020.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 210,438 shares of the conglomerate’s stock after purchasing an additional 191,658 shares during the period. Jane Street Group LLC owned approximately 0.35% of Federal Signal worth $15,478,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in shares of Federal Signal during the 1st quarter worth approximately $876,000. PNC Financial Services Group Inc. lifted its stake in shares of Federal Signal by 29.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,069 shares of the conglomerate’s stock worth $741,000 after purchasing an additional 2,267 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Federal Signal by 21.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 15,641 shares of the conglomerate’s stock worth $1,150,000 after purchasing an additional 2,724 shares during the period. Bessemer Group Inc. lifted its stake in shares of Federal Signal by 78.4% during the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 185 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Federal Signal by 66.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate’s stock worth $814,000 after purchasing an additional 4,405 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Down 1.8%

NYSE:FSS opened at $125.54 on Monday. 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 stock has a 50-day simple moving average of $119.85 and a 200 day simple moving average of $98.60. Federal Signal Corporation has a one year low of $66.47 and a one year high of $130.30. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 34.97, a price-to-earnings-growth ratio of 2.23 and a beta of 1.32.

Federal Signal (NYSE:FSS) last issued its earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $537.24 million. During the same quarter last year, the company posted $0.95 earnings per share. Federal Signal’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. Sell-side analysts predict that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

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

Analyst Ratings Changes

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

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.