Mutual of America Capital Management LLC Has $11.94 Million Stake in Federal Signal Corporation $FSS

Mutual of America Capital Management LLC trimmed its holdings in shares of Federal Signal Corporation (NYSE:FSS) by 7.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 100,345 shares of the conglomerate’s stock after selling 7,885 shares during the period. Mutual of America Capital Management LLC owned approximately 0.17% of Federal Signal worth $11,940,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Archer Investment Corp lifted its position in shares of Federal Signal by 6.1% during the 2nd quarter. Archer Investment Corp now owns 1,743 shares of the conglomerate’s stock worth $185,000 after buying an additional 100 shares during the period. KLP Kapitalforvaltning AS boosted its position in Federal Signal by 0.8% in the third quarter. KLP Kapitalforvaltning AS now owns 12,700 shares of the conglomerate’s stock valued at $1,511,000 after buying an additional 100 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Federal Signal by 50.0% in the 3rd quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Federal Signal by 10.0% during the second quarter. Canada Pension Plan Investment Board now owns 1,100 shares of the conglomerate’s stock worth $117,000 after purchasing an additional 100 shares during the last quarter. Finally, Maryland State Retirement & Pension System grew its holdings in Federal Signal by 0.6% during the 2nd quarter. Maryland State Retirement & Pension System now owns 17,918 shares of the conglomerate’s stock worth $1,907,000 after acquiring an additional 106 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Price Performance

NYSE FSS opened at $114.09 on Tuesday. The business has a 50 day simple moving average of $112.28 and a 200 day simple moving average of $117.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.25 and a current ratio of 2.61. Federal Signal Corporation has a 52-week low of $66.47 and a 52-week high of $132.89. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 1.74 and a beta of 1.35.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Thursday, October 30th. The conglomerate reported $1.14 EPS for the quarter, beating the consensus estimate of $1.07 by $0.07. Federal Signal had a net margin of 11.47% and a return on equity of 19.50%. The business had revenue of $555.00 million for the quarter, compared to analysts’ expectations of $545.19 million. During the same period in the previous year, the firm posted $0.87 EPS. The firm’s 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. Analysts anticipate that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

FSS has been the topic of several research reports. Zacks Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Federal Signal in a research note on Monday, December 29th. Two equities 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 company currently has a consensus rating of “Hold” and an average price target of $123.00.

Insider Activity

In other news, COO Mark Weber sold 51,187 shares of the business’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 owned 73,874 shares of the company’s stock, valued at $8,241,383.44. The trade was a 40.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.30% of the stock is owned by company insiders.

About Federal Signal

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.