Advantage Alpha Capital Partners LP Sells 32,302 Shares of Federal Signal Corporation $FSS

Advantage Alpha Capital Partners LP reduced its stake in Federal Signal Corporation (NYSE:FSS) by 49.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,819 shares of the conglomerate’s stock after selling 32,302 shares during the quarter. Advantage Alpha Capital Partners LP owned approximately 0.05% of Federal Signal worth $3,493,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in shares of Federal Signal by 20.1% in the second quarter. Franklin Resources Inc. now owns 732,283 shares of the conglomerate’s stock valued at $77,930,000 after purchasing an additional 122,558 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Federal Signal by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 718,214 shares of the conglomerate’s stock worth $52,826,000 after purchasing an additional 2,057 shares in the last quarter. Nuveen LLC purchased a new stake in Federal Signal in the 1st quarter valued at about $45,307,000. Global Alpha Capital Management Ltd. lifted its position in shares of Federal Signal by 17.3% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 562,813 shares of the conglomerate’s stock worth $59,895,000 after buying an additional 83,100 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Federal Signal by 63.0% in 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 during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Federal Signal

In other Federal Signal news, COO Mark Weber sold 51,187 shares of Federal Signal stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $111.56, for a total transaction of $5,710,421.72. Following the completion of the sale, the chief operating officer directly owned 73,874 shares in the company, valued at $8,241,383.44. The trade was a 40.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

FSS has been the subject of several recent analyst reports. Zacks Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. DA Davidson upped their price objective on Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Federal Signal in a report on Wednesday, November 19th. Finally, Wall Street Zen upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Federal Signal currently has an average rating of “Hold” and an average price target of $123.00.

Federal Signal Trading Up 1.3%

Shares of FSS opened at $113.13 on Friday. Federal Signal Corporation has a fifty-two week low of $66.47 and a fifty-two week high of $132.89. The business has a 50-day moving average of $117.10 and a 200 day moving average of $113.41. The firm has a market cap of $6.88 billion, a P/E ratio of 31.51, a price-to-earnings-growth ratio of 2.31 and a beta of 1.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Thursday, October 30th. The conglomerate reported $1.14 EPS for the quarter, beating the consensus estimate of $1.07 by $0.07. The business had revenue of $555.00 million for 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 was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 earnings per share. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. As a group, research analysts forecast that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 14th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend 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 currently 14.62%.

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.