Robeco Schweiz AG Sells 32,708 Shares of Federal Signal Corporation $FSS

Robeco Schweiz AG trimmed its holdings in shares of Federal Signal Corporation (NYSE:FSS) by 13.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 212,830 shares of the conglomerate’s stock after selling 32,708 shares during the quarter. Robeco Schweiz AG’s holdings in Federal Signal were worth $25,325,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FSS. First Horizon Corp bought a new stake in shares of Federal Signal during the third quarter valued at approximately $86,000. Nisa Investment Advisors LLC grew its stake in Federal Signal by 8.3% in the third quarter. Nisa Investment Advisors LLC now owns 2,534 shares of the conglomerate’s stock worth $302,000 after purchasing an additional 195 shares in the last quarter. SG Americas Securities LLC purchased a new position in Federal Signal during the 3rd quarter worth $2,276,000. Spire Wealth Management raised its position in Federal Signal by 17.2% during the 3rd quarter. Spire Wealth Management now owns 3,126 shares of the conglomerate’s stock valued at $372,000 after purchasing an additional 458 shares in the last quarter. Finally, KLP Kapitalforvaltning AS raised its position in Federal Signal by 0.8% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 12,700 shares of the conglomerate’s stock valued at $1,511,000 after purchasing an additional 100 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Trading Up 0.3%

Shares of NYSE:FSS opened at $117.28 on Wednesday. The company has a current ratio of 2.61, a quick ratio of 1.25 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $7.13 billion, a PE ratio of 30.62, a PEG ratio of 1.82 and a beta of 1.35. The business has a 50 day moving average of $111.60 and a two-hundred day moving average of $116.98. Federal Signal Corporation has a 12-month low of $66.47 and a 12-month high of $132.89.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, October 30th. The conglomerate reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. Federal Signal had a net margin of 11.47% and a return on equity of 19.50%. The firm had revenue of $555.00 million for the quarter, compared to analysts’ expectations of $545.19 million. During the same quarter last year, the company earned $0.87 EPS. The firm’s revenue for the quarter 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. As a group, analysts forecast that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th were given a dividend of $0.14 per share. The ex-dividend date was Friday, November 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is currently 14.62%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Federal Signal in a research note on Monday, December 29th. Zacks Research cut Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Federal Signal has an average rating of “Hold” and an average target price of $123.00.

Insider Activity

In other news, COO Mark Weber sold 51,187 shares of Federal Signal stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $111.56, for a total value of $5,710,421.72. Following the completion of the sale, the chief operating officer directly owned 73,874 shares of the company’s stock, valued at approximately $8,241,383.44. The trade was a 40.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.30% of the company’s stock.

Federal Signal Company Profile

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.