Conestoga Capital Advisors LLC Sells 254,865 Shares of Federal Signal Corporation $FSS

Conestoga Capital Advisors LLC cut its holdings in shares of Federal Signal Corporation (NYSE:FSS) by 18.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,098,563 shares of the conglomerate’s stock after selling 254,865 shares during the quarter. Federal Signal makes up about 2.1% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Conestoga Capital Advisors LLC owned about 1.81% of Federal Signal worth $130,718,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FSS. Nisa Investment Advisors LLC raised its stake in Federal Signal by 8.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,534 shares of the conglomerate’s stock valued at $302,000 after purchasing an additional 195 shares during the period. SG Americas Securities LLC purchased a new stake in Federal Signal during the 3rd quarter valued at approximately $2,276,000. Spire Wealth Management raised its position in shares of Federal Signal by 17.2% during the third quarter. Spire Wealth Management now owns 3,126 shares of the conglomerate’s stock valued at $372,000 after buying an additional 458 shares during the last quarter. KLP Kapitalforvaltning AS lifted its holdings in shares of Federal Signal by 0.8% in the third quarter. KLP Kapitalforvaltning AS now owns 12,700 shares of the conglomerate’s stock worth $1,511,000 after buying an additional 100 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its position in shares of Federal Signal by 50.0% during the third quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock worth $36,000 after acquiring an additional 100 shares during the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FSS. Zacks Research downgraded shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Federal Signal in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Federal Signal currently has a consensus rating of “Hold” and a consensus target price of $123.00.

Federal Signal Stock Performance

Shares of NYSE:FSS opened at $116.47 on Monday. The firm has a fifty day simple moving average of $111.50 and a two-hundred day simple moving average of $116.81. Federal Signal Corporation has a 52 week low of $66.47 and a 52 week high of $132.89. The company has a quick ratio of 1.25, a current ratio of 2.61 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $7.08 billion, a P/E ratio of 30.41, a PEG ratio of 1.81 and a beta of 1.35.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Thursday, October 30th. The conglomerate reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The firm had revenue of $555.00 million during the quarter, compared to the consensus estimate of $545.19 million. Federal Signal had a net margin of 11.47% and a return on equity of 19.50%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.87 EPS. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. On average, 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. Stockholders of record on Friday, November 14th were given 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 dividend yield of 0.5%. Federal Signal’s payout ratio is currently 14.62%.

Insiders Place Their Bets

In related news, COO Mark Weber sold 51,187 shares of the firm’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 sale, the chief operating officer directly owned 73,874 shares in the company, valued at $8,241,383.44. This trade represents a 40.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.30% of the company’s stock.

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.