Hantz Financial Services Inc. Cuts Holdings in Federal Signal Corporation $FSS

Hantz Financial Services Inc. cut its position in shares of Federal Signal Corporation (NYSE:FSS) by 9.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,574 shares of the conglomerate’s stock after selling 2,208 shares during the quarter. Hantz Financial Services Inc.’s holdings in Federal Signal were worth $2,189,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FSS. Bessemer Group Inc. boosted its holdings in Federal Signal by 78.4% during the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 185 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in Federal Signal by 47.0% during the second quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 93 shares during the last quarter. Signaturefd LLC boosted its holdings in Federal Signal by 46.3% during the second quarter. Signaturefd LLC now owns 660 shares of the conglomerate’s stock worth $70,000 after purchasing an additional 209 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in Federal Signal by 29.3% during the second quarter. Harbor Investment Advisory LLC now owns 851 shares of the conglomerate’s stock worth $91,000 after purchasing an additional 193 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings 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 purchasing an additional 837 shares during the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Federal Signal Stock Performance

NYSE FSS opened at $118.08 on Friday. The company’s 50 day moving average is $122.67 and its 200-day moving average is $109.36. Federal Signal Corporation has a 12-month low of $66.47 and a 12-month high of $132.89. The company has a quick ratio of 1.25, a current ratio of 2.60 and a debt-to-equity ratio of 0.20. The firm has a market cap of $7.18 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 2.31 and a beta of 1.29.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, October 30th. The conglomerate reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The company had revenue of $555.00 million for the quarter, compared to analyst estimates of $545.19 million. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. Sell-side analysts predict that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.56 annualized dividend and a dividend yield of 0.5%. Federal Signal’s payout ratio is 15.60%.

Analyst Ratings Changes

A number of research analysts have weighed in on FSS shares. DA Davidson boosted their target price on shares of Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Federal Signal in a research note on Wednesday, October 8th. KeyCorp reiterated a “sector weight” rating on shares of Federal Signal in a research note on Friday, July 11th. Finally, Raymond James Financial boosted their target price on shares of Federal Signal from $120.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company 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.