Federal Signal Corporation $FSS Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. cut its stake in Federal Signal Corporation (NYSE:FSS) by 22.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,119 shares of the conglomerate’s stock after selling 622 shares during the period. Wedbush Securities Inc.’s holdings in Federal Signal were worth $226,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Physician Wealth Advisors Inc. lifted its holdings in Federal Signal by 47.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock worth $31,000 after buying an additional 93 shares during the last quarter. Signaturefd LLC boosted its holdings 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 buying an additional 209 shares during the period. Harbor Investment Advisory LLC grew its position in shares of Federal Signal by 29.3% during the 2nd quarter. Harbor Investment Advisory LLC now owns 851 shares of the conglomerate’s stock valued at $91,000 after buying an additional 193 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Federal Signal by 280.9% during the second quarter. Farther Finance Advisors LLC now owns 1,135 shares of the conglomerate’s stock worth $121,000 after acquiring an additional 837 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of Federal Signal by 15.9% during the first quarter. NewEdge Advisors LLC now owns 1,838 shares of the conglomerate’s stock valued at $135,000 after purchasing an additional 252 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Insider Buying and Selling

In other Federal Signal news, COO Mark Weber sold 51,187 shares of the stock in a transaction dated 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 transaction, the chief operating officer directly owned 73,874 shares of the company’s stock, valued at $8,241,383.44. This represents a 40.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.30% of the stock is currently owned by company insiders.

Federal Signal Price Performance

Shares of FSS opened at $110.36 on Friday. The stock’s 50-day moving average price is $120.36 and its two-hundred day moving average price is $111.68. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The stock has a market cap of $6.71 billion, a P/E ratio of 30.74, a price-to-earnings-growth ratio of 2.31 and a beta of 1.28. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $132.89.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Thursday, October 30th. The conglomerate reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.07. The company 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 11.22% and a return on equity of 18.91%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 earnings per share. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. On average, equities analysts predict that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, November 14th. Federal Signal’s payout ratio is currently 14.62%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FSS. Weiss Ratings reissued a “buy (b)” rating on shares of Federal Signal in a research note on Wednesday, October 8th. DA Davidson increased their price objective on Federal Signal from $100.00 to $112.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Raymond James Financial upped their target price on Federal Signal from $120.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Zacks Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Wall Street Zen raised shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $123.00.

Federal Signal Company Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.