CW Advisors LLC Invests $6.43 Million in Federal Signal Corporation $FSS

CW Advisors LLC purchased a new position in shares of Federal Signal Corporation (NYSE:FSS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 60,380 shares of the conglomerate’s stock, valued at approximately $6,426,000. CW Advisors LLC owned 0.10% of Federal Signal as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. lifted its position in Federal Signal by 47.0% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock worth $31,000 after buying an additional 93 shares in the last quarter. MAI Capital Management grew its holdings in shares of Federal Signal by 1,003.8% during the 2nd quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 261 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in shares of Federal Signal in the second quarter worth $37,000. Signaturefd LLC raised its holdings in shares of Federal Signal by 46.3% during the second quarter. Signaturefd LLC now owns 660 shares of the conglomerate’s stock worth $70,000 after acquiring an additional 209 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Federal Signal by 29.3% during the second quarter. Harbor Investment Advisory LLC now owns 851 shares of the conglomerate’s stock worth $91,000 after acquiring an additional 193 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Federal Signal

In other news, COO Mark Weber sold 51,187 shares of the business’s stock in a transaction 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 completion of the sale, the chief operating officer directly owned 73,874 shares in the company, valued at approximately $8,241,383.44. The trade was a 40.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Federal Signal Trading Down 0.0%

Federal Signal stock opened at $110.89 on Friday. Federal Signal Corporation has a one year low of $66.47 and a one year high of $132.89. The company’s fifty day moving average price is $115.71 and its two-hundred day moving average price is $114.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.61 and a quick ratio of 1.25. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 1.90 and a beta of 1.34.

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, topping the consensus estimate of $1.07 by $0.07. The company had revenue of $555.00 million during the quarter, compared to the consensus estimate of $545.19 million. Federal Signal had a return on equity of 19.50% and a net margin of 11.47%.The firm’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.87 EPS. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. On average, analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on FSS. Weiss Ratings restated a “buy (b)” rating on shares of Federal Signal in a research note on Monday. Zacks Research downgraded 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $123.00.

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.