Allspring Global Investments Holdings LLC Has $7.13 Million Stock Position in Federal Signal Corporation $FSS

Allspring Global Investments Holdings LLC lessened its holdings in Federal Signal Corporation (NYSE:FSS) by 61.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,911 shares of the conglomerate’s stock after selling 95,021 shares during the period. Allspring Global Investments Holdings LLC owned 0.10% of Federal Signal worth $7,129,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FSS. Blair William & Co. IL raised its stake in Federal Signal by 35.1% during the 2nd quarter. Blair William & Co. IL now owns 40,355 shares of the conglomerate’s stock valued at $4,295,000 after purchasing an additional 10,478 shares during the last quarter. CW Advisors LLC acquired a new stake in Federal Signal in the 2nd quarter worth $6,426,000. Farther Finance Advisors LLC increased its holdings in shares of Federal Signal by 280.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,135 shares of the conglomerate’s stock worth $121,000 after purchasing an additional 837 shares during the period. Jane Street Group LLC raised its position in shares of Federal Signal by 1,020.5% during the first quarter. Jane Street Group LLC now owns 210,438 shares of the conglomerate’s stock valued at $15,478,000 after buying an additional 191,658 shares during the last quarter. Finally, Vident Advisory LLC lifted its stake in shares of Federal Signal by 113.5% in the first quarter. Vident Advisory LLC now owns 4,828 shares of the conglomerate’s stock valued at $355,000 after buying an additional 2,567 shares during the period. 92.73% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO Mark Weber sold 51,187 shares of Federal Signal 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 completion of the sale, the chief operating officer 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Analyst Upgrades and Downgrades

FSS has been the topic of several research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Federal Signal in a research note on Monday, December 29th. Zacks Research lowered 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 given a Hold rating to the company. According to MarketBeat.com, Federal Signal presently has a consensus rating of “Hold” and an average price target of $123.00.

Federal Signal Trading Up 0.6%

Shares of NYSE:FSS opened at $114.52 on Wednesday. Federal Signal Corporation has a 52-week low of $66.47 and a 52-week 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 company has a market capitalization of $6.96 billion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 1.77 and a beta of 1.35. The company has a 50-day simple moving average of $111.85 and a 200 day simple moving average of $116.55.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Thursday, October 30th. The conglomerate reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The company had revenue of $555.00 million during the quarter, compared to analysts’ expectations of $545.19 million. Federal Signal had a return on equity of 19.50% and a net margin of 11.47%.The business’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the firm posted $0.87 earnings per share. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. Sell-side analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

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

Federal Signal Company 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.