Ethic Inc. Invests $536,000 in Federal Signal Corporation $FSS

Ethic Inc. bought a new stake in Federal Signal Corporation (NYSE:FSS) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,506 shares of the conglomerate’s stock, valued at approximately $536,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FSS. EverSource Wealth Advisors LLC grew its position in shares of Federal Signal by 140.6% during the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after buying an additional 142 shares in the last quarter. Physician Wealth Advisors Inc. lifted its stake in Federal Signal by 47.0% in the second 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 grew its holdings in Federal Signal by 1,003.8% during the 2nd quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 261 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in Federal Signal during the 2nd quarter worth approximately $37,000. Finally, Signaturefd LLC increased its position in shares of Federal Signal by 46.3% in the 2nd quarter. Signaturefd LLC now owns 660 shares of the conglomerate’s stock valued at $70,000 after purchasing an additional 209 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Stock Up 2.7%

FSS opened at $111.48 on Monday. 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 0.15, a quick ratio of 1.25 and a current ratio of 2.61. The stock has a market capitalization of $6.78 billion, a P/E ratio of 29.11, a price-to-earnings-growth ratio of 1.73 and a beta of 1.35. The business’s 50-day simple moving average is $112.30 and its 200-day simple moving average is $116.38.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, October 30th. The conglomerate reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. The company had revenue of $555.00 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 earnings per share. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. Analysts anticipate that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, November 14th. Federal Signal’s dividend payout ratio is presently 14.62%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Federal Signal in a research report on Monday, December 29th. 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $123.00.

Insider Activity

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 stock was sold at an average price of $111.56, for a total value of $5,710,421.72. Following the transaction, the chief operating officer directly owned 73,874 shares in the company, valued at approximately $8,241,383.44. This trade represents a 40.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Federal Signal Profile

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.