Strs Ohio Boosts Stake in Federal Signal Corporation $FSS

Strs Ohio raised its position in Federal Signal Corporation (NYSE:FSS) by 125.4% during the third quarter, Holdings Channel reports. The firm owned 15,100 shares of the conglomerate’s stock after buying an additional 8,400 shares during the quarter. Strs Ohio’s holdings in Federal Signal were worth $1,797,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Federal Signal by 27.5% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 202,428 shares of the conglomerate’s stock valued at $24,087,000 after buying an additional 43,684 shares in the last quarter. Vest Financial LLC grew its position in Federal Signal by 17.4% in the 3rd quarter. Vest Financial LLC now owns 28,644 shares of the conglomerate’s stock valued at $3,408,000 after acquiring an additional 4,247 shares in the last quarter. Sage Mountain Advisors LLC purchased a new stake in Federal Signal during the third quarter worth about $458,000. Amalgamated Bank increased its stake in Federal Signal by 0.8% during the third quarter. Amalgamated Bank now owns 17,478 shares of the conglomerate’s stock worth $2,080,000 after purchasing an additional 136 shares during the period. Finally, Evergreen Capital Management LLC lifted its position in shares of Federal Signal by 27.1% during the third quarter. Evergreen Capital Management LLC now owns 6,114 shares of the conglomerate’s stock worth $728,000 after purchasing an additional 1,305 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Federal Signal in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $123.00.

Federal Signal Price Performance

FSS stock opened at $113.44 on Wednesday. The business’s 50-day moving average is $112.41 and its two-hundred day moving average is $117.22. 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 $6.90 billion, a P/E ratio of 29.62, a P/E/G ratio of 1.78 and a beta of 1.35. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $132.89.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Thursday, October 30th. The conglomerate reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The business had revenue of $555.00 million during 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 business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period 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 earnings per share for the current fiscal year.

Insider Activity at Federal Signal

In other news, COO Mark Weber sold 51,187 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $111.56, for a total value 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. This trade represents a 40.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.30% of the company’s stock.

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.