Federal Signal Corporation $FSS Stake Cut by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lessened its holdings in Federal Signal Corporation (NYSE:FSS) by 24.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,057 shares of the conglomerate’s stock after selling 46,516 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.23% of Federal Signal worth $16,665,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ethic Inc. acquired a new position in shares of Federal Signal in the 3rd quarter valued at about $536,000. Wallace Advisory Group LLC bought a new position in Federal Signal in the third quarter worth about $325,000. CWM LLC boosted its stake in Federal Signal by 4.4% in the third quarter. CWM LLC now owns 4,589 shares of the conglomerate’s stock valued at $546,000 after acquiring an additional 192 shares during the period. Norden Group LLC bought a new position in shares of Federal Signal during the third quarter valued at approximately $223,000. Finally, Farther Finance Advisors LLC raised its position in shares of Federal Signal by 71.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,951 shares of the conglomerate’s stock worth $232,000 after purchasing an additional 816 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Federal Signal

In other Federal Signal news, COO Mark Weber sold 51,187 shares of the business’s stock in a transaction dated 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.30% of the company’s stock.

Analyst Upgrades and Downgrades

FSS has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Federal Signal in a research report on Monday. Zacks Research cut Federal Signal from a “strong-buy” rating to a “hold” rating in a research note 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, Federal Signal has an average rating of “Hold” and an average price target of $123.00.

Federal Signal Stock Performance

Shares of FSS stock opened at $109.59 on Wednesday. Federal Signal Corporation has a 12-month low of $66.47 and a 12-month high of $132.89. 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 firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 28.61, a price-to-earnings-growth ratio of 1.92 and a beta of 1.34. The business has a 50 day simple moving average of $113.17 and a 200 day simple moving average of $116.21.

Federal Signal (NYSE:FSS) last announced its earnings results on Thursday, October 30th. The conglomerate reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.07. The firm had revenue of $555.00 million for 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 for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. On average, equities research analysts anticipate that Federal Signal Corporation will post 3.34 EPS for the current 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 paid a dividend of $0.14 per share. The ex-dividend date of this dividend was 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%.

About Federal Signal

Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.

Federal Signal operates through two primary business segments.