Envestnet Asset Management Inc. Buys 36,242 Shares of Federal Signal Corporation $FSS

Envestnet Asset Management Inc. boosted its stake in Federal Signal Corporation (NYSE:FSS) by 19.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,161 shares of the conglomerate’s stock after acquiring an additional 36,242 shares during the period. Envestnet Asset Management Inc. owned 0.37% of Federal Signal worth $24,068,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FSS. Nuveen LLC bought a new stake in Federal Signal in the first quarter valued at approximately $45,307,000. Congress Asset Management Co. bought a new position in shares of Federal Signal during the 2nd quarter worth approximately $51,945,000. The Manufacturers Life Insurance Company boosted its holdings 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 boosted its holdings 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 boosted its holdings 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. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Stock Performance

Shares of NYSE FSS opened at $115.31 on Tuesday. 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 stock’s 50-day moving average is $122.45 and its 200 day moving average is $110.12. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 32.12, a P/E/G ratio of 2.31 and a beta of 1.29. Federal Signal Corporation has a 1-year low of $66.47 and a 1-year high of $132.89.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Thursday, October 30th. The conglomerate reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The firm had revenue of $555.00 million for the quarter, compared to analyst estimates of $545.19 million. During the same period last year, the company earned $0.87 EPS. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. On average, sell-side analysts anticipate that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, November 14th. Federal Signal’s payout ratio is 14.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Federal Signal in a report on Wednesday, October 8th. Zacks Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. CJS Securities reaffirmed a “market perform” rating and set a $125.00 target price on shares of Federal Signal in a research report on Thursday, July 31st. DA Davidson upped 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. Finally, 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 report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Federal Signal currently has an average 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.