Wealth Enhancement Advisory Services LLC Buys 312 Shares of Federal Signal Corporation $FSS

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Federal Signal Corporation (NYSE:FSS) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,379 shares of the conglomerate’s stock after purchasing an additional 312 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Federal Signal were worth $1,261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Longboard Asset Management LP bought a new position in Federal Signal during the second quarter valued at approximately $226,000. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Federal Signal during the 2nd quarter valued at about $533,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Federal Signal during the 2nd quarter valued at about $266,000. Harbor Investment Advisory LLC lifted its stake in shares of Federal Signal by 29.3% in the 2nd quarter. Harbor Investment Advisory LLC now owns 851 shares of the conglomerate’s stock worth $91,000 after purchasing an additional 193 shares during the period. Finally, First Hawaiian Bank lifted its stake in shares of Federal Signal by 2.9% in the 1st quarter. First Hawaiian Bank now owns 18,259 shares of the conglomerate’s stock worth $1,343,000 after purchasing an additional 508 shares during the period. Institutional investors own 92.73% of the company’s stock.

Federal Signal Trading Down 0.1%

Shares of FSS opened at $118.92 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $130.30. The company has a 50 day simple moving average of $123.33 and a two-hundred day simple moving average of $102.15. The firm has a market cap of $7.23 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.32.

Federal Signal (NYSE:FSS) last posted its earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, beating 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 analyst estimates of $537.24 million. During the same period last year, the firm posted $0.95 earnings per share. Federal Signal’s revenue for the quarter was up 15.1% compared to the same quarter last year. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. On average, equities 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 announced a quarterly dividend, which was paid on Thursday, August 28th. Investors 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 dividend yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is 15.60%.

Analyst Upgrades and Downgrades

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

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.