KBC Group NV Sells 1,105 Shares of Federal Signal Corporation $FSS

KBC Group NV lowered its stake in Federal Signal Corporation (NYSE:FSS) by 40.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,633 shares of the conglomerate’s stock after selling 1,105 shares during the quarter. KBC Group NV’s holdings in Federal Signal were worth $174,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Nuveen LLC bought a new stake in shares of Federal Signal during the first quarter valued at about $45,307,000. Congress Asset Management Co. purchased a new stake in Federal Signal in the 2nd quarter worth approximately $51,945,000. The Manufacturers Life Insurance Company lifted its stake in Federal Signal by 1,266.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 464,593 shares of the conglomerate’s stock worth $34,171,000 after purchasing an additional 430,583 shares in the last quarter. Millennium Management LLC boosted its holdings in Federal Signal by 63.0% in the 1st quarter. Millennium Management LLC now owns 503,120 shares of the conglomerate’s stock valued at $37,004,000 after purchasing an additional 194,412 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Federal Signal by 1,020.5% during the 1st quarter. Jane Street Group LLC now owns 210,438 shares of the conglomerate’s stock valued at $15,478,000 after purchasing an additional 191,658 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Insider Buying and Selling at Federal Signal

In other 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 transaction 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 approximately $8,241,383.44. This represents a 40.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Federal Signal Stock Performance

Federal Signal stock opened at $107.33 on Thursday. The firm has a fifty day simple moving average of $119.00 and a two-hundred day simple moving average of $112.65. The company has a quick ratio of 1.25, a current ratio of 2.60 and a debt-to-equity ratio of 0.20. Federal Signal Corporation has a twelve month low of $66.47 and a twelve month high of $132.89. The company has a market capitalization of $6.53 billion, a PE ratio of 29.90, a P/E/G ratio of 2.31 and a beta of 1.28.

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, topping the consensus estimate of $1.07 by $0.07. The business had revenue of $555.00 million for the quarter, compared to analyst estimates of $545.19 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.Federal Signal’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the company earned $0.87 EPS. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. Research analysts expect that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Announces Dividend

The company also recently disclosed 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 of this dividend is Friday, November 14th. Federal Signal’s dividend payout ratio is 14.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. CJS Securities reiterated a “market perform” rating and issued a $125.00 price objective on shares of Federal Signal in a research report on Thursday, July 31st. DA Davidson raised their price target on Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Federal Signal in a report on Thursday, November 13th. Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Raymond James Financial raised 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 investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.