14,000 Shares in Federal Signal Corporation $FSS Bought by ABN Amro Investment Solutions

ABN Amro Investment Solutions acquired a new position in shares of Federal Signal Corporation (NYSE:FSS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,000 shares of the conglomerate’s stock, valued at approximately $1,490,000.

A number of other large investors have also recently bought and sold shares of FSS. Nuveen LLC acquired a new position in shares of Federal Signal in the 1st quarter valued at approximately $45,307,000. Congress Asset Management Co. bought a new position in Federal Signal in the second quarter valued at approximately $51,945,000. The Manufacturers Life Insurance Company raised its position in Federal Signal by 1,266.0% during the first quarter. The Manufacturers Life Insurance Company now owns 464,593 shares of the conglomerate’s stock valued at $34,171,000 after purchasing an additional 430,583 shares in the last quarter. Millennium Management LLC raised its position in Federal Signal by 63.0% during the first quarter. Millennium Management LLC now owns 503,120 shares of the conglomerate’s stock valued at $37,004,000 after purchasing an additional 194,412 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Federal Signal by 1,020.5% during the first quarter. Jane Street Group LLC now owns 210,438 shares of the conglomerate’s stock worth $15,478,000 after purchasing an additional 191,658 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Federal Signal

In other news, COO Mark Weber sold 51,187 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $111.56, for a total value of $5,710,421.72. Following the transaction, the chief operating officer owned 73,874 shares in the company, valued at approximately $8,241,383.44. The trade was a 40.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.30% of the company’s stock.

Federal Signal Stock Down 0.4%

NYSE:FSS opened at $109.73 on Friday. Federal Signal Corporation has a one year low of $66.47 and a one year high of $132.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25. The company has a market cap of $6.67 billion, a PE ratio of 30.56, a P/E/G ratio of 2.31 and a beta of 1.28. The firm’s 50 day simple moving average is $120.06 and its 200 day simple moving average is $111.92.

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

Federal Signal Announces Dividend

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

Analysts Set New Price Targets

FSS has been the topic of several recent analyst reports. DA Davidson lifted their price target on Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Federal Signal in a research note on Thursday. CJS Securities reiterated a “market perform” rating and issued a $125.00 target price on shares of Federal Signal in a research report on Thursday, July 31st. Wall Street Zen raised shares of Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Zacks Research lowered shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Federal Signal has a consensus rating of “Hold” and an average 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.