Lindenwold Advisors INC Makes New $208,000 Investment in Federal Signal Corporation $FSS

Lindenwold Advisors INC acquired a new position in shares of Federal Signal Corporation (NYSE:FSS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,950 shares of the conglomerate’s stock, valued at approximately $208,000.

Other hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in shares of Federal Signal in the 1st quarter valued at $876,000. PNC Financial Services Group Inc. increased its stake in shares of Federal Signal by 29.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,069 shares of the conglomerate’s stock valued at $741,000 after purchasing an additional 2,267 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Federal Signal by 21.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 15,641 shares of the conglomerate’s stock valued at $1,150,000 after purchasing an additional 2,724 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Federal Signal by 78.4% in the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 185 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Federal Signal by 66.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate’s stock valued at $814,000 after purchasing an additional 4,405 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FSS. KeyCorp reiterated a “sector weight” rating on shares of Federal Signal in a research note on Friday, July 11th. Raymond James Financial lifted their price target on Federal Signal from $120.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Wall Street Zen upgraded Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. DA Davidson raised their price objective on Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Finally, Zacks Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $123.00.

Federal Signal Trading Down 1.7%

NYSE FSS opened at $115.85 on Friday. 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 $130.30. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29. The business’s fifty day moving average is $124.04 and its 200 day moving average is $104.23.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.11. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The company had revenue of $564.60 million for the quarter, compared to the consensus estimate of $537.24 million. During the same quarter last year, the business posted $0.95 EPS. Federal Signal’s revenue for the quarter was up 15.1% on a year-over-year basis. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. As a group, sell-side analysts expect that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Friday, August 15th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 15th. Federal Signal’s payout ratio is 15.60%.

About Federal Signal

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.