Vanguard Personalized Indexing Management LLC Acquires 760 Shares of Federal Signal Corporation $FSS

Vanguard Personalized Indexing Management LLC raised its holdings in Federal Signal Corporation (NYSE:FSS) by 21.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,358 shares of the conglomerate’s stock after acquiring an additional 760 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Federal Signal were worth $464,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of FSS. Nuveen LLC bought a new position in Federal Signal in the 1st quarter valued at $45,307,000. Congress Asset Management Co. bought a new position in shares of Federal Signal during the 2nd quarter worth $51,945,000. The Manufacturers Life Insurance Company grew its position in shares of Federal Signal by 1,266.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 464,593 shares of the conglomerate’s stock worth $34,171,000 after buying an additional 430,583 shares in the last quarter. Millennium Management LLC grew its position in shares of Federal Signal by 63.0% during the 1st quarter. Millennium Management LLC now owns 503,120 shares of the conglomerate’s stock worth $37,004,000 after buying an additional 194,412 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of Federal Signal by 1,020.5% during the 1st quarter. Jane Street Group LLC now owns 210,438 shares of the conglomerate’s stock worth $15,478,000 after buying an additional 191,658 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FSS shares. Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Federal Signal in a research note on Wednesday, October 8th. Raymond James Financial increased their price target on Federal Signal from $120.00 to $145.00 and gave the company an “outperform” rating in a research note 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 research note on Thursday, July 31st. Finally, Zacks Research cut Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $123.00.

Federal Signal Price Performance

FSS stock opened at $121.54 on Thursday. Federal Signal Corporation has a 12-month low of $66.47 and a 12-month high of $130.30. The company has a market capitalization of $7.39 billion, a PE ratio of 33.86, a P/E/G ratio of 2.19 and a beta of 1.29. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The business’s fifty day moving average price is $123.04 and its 200 day moving average price is $106.70.

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

About Federal Signal

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.