American Century Companies Inc. Grows Stock Position in Federal Signal Corporation $FSS

American Century Companies Inc. increased its stake in Federal Signal Corporation (NYSE:FSS) by 66.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,605 shares of the conglomerate’s stock after buying an additional 23,482 shares during the quarter. American Century Companies Inc. owned about 0.10% of Federal Signal worth $6,237,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Physician Wealth Advisors Inc. lifted its holdings in shares of 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 acquiring an additional 93 shares during the last quarter. MAI Capital Management raised its position in Federal Signal by 1,003.8% in the 2nd quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 261 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in Federal Signal in the 2nd quarter worth about $37,000. Signaturefd LLC lifted its stake in Federal Signal by 46.3% in the second quarter. Signaturefd LLC now owns 660 shares of the conglomerate’s stock worth $70,000 after purchasing an additional 209 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its position 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 valued at $91,000 after buying an additional 193 shares during the period. Institutional investors own 92.73% of the company’s stock.

Insider Activity

In other news, COO Mark Weber sold 51,187 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $111.56, for a total value of $5,710,421.72. Following the completion of the transaction, the chief operating officer directly owned 73,874 shares of the company’s stock, valued at approximately $8,241,383.44. The trade was a 40.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Federal Signal in a report on Monday, December 1st. Zacks Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Two research 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 presently has a consensus rating of “Hold” and a consensus target price of $123.00.

Federal Signal Stock Performance

Shares of Federal Signal stock opened at $110.89 on Friday. The company has a current ratio of 2.61, a quick ratio of 1.25 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average price is $115.71 and its 200-day moving average price is $114.27. The firm has a market cap of $6.74 billion, a P/E ratio of 28.95, a P/E/G ratio of 1.90 and a beta of 1.34. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $132.89.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, October 30th. The conglomerate reported $1.14 EPS for the quarter, beating the consensus estimate of $1.07 by $0.07. Federal Signal had a net margin of 11.47% and a return on equity of 19.50%. The business had revenue of $555.00 million during the quarter, compared to analyst estimates of $545.19 million. During the same quarter in the previous year, the business posted $0.87 EPS. The company’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, equities research analysts expect that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

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

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.