Russell Investments Group Ltd. Buys 8,272 Shares of Federal Signal Corporation $FSS

Russell Investments Group Ltd. boosted its position in shares of Federal Signal Corporation (NYSE:FSS) by 11.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 83,488 shares of the conglomerate’s stock after buying an additional 8,272 shares during the period. Russell Investments Group Ltd.’s holdings in Federal Signal were worth $8,885,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Physician Wealth Advisors Inc. lifted its stake in shares of Federal Signal by 47.0% during the second quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 93 shares during the period. Archer Investment Corp raised its holdings in shares of Federal Signal by 6.1% during the second quarter. Archer Investment Corp now owns 1,743 shares of the conglomerate’s stock worth $185,000 after acquiring an additional 100 shares during the period. Maryland State Retirement & Pension System lifted its holdings in shares of Federal Signal by 0.6% in the second quarter. Maryland State Retirement & Pension System now owns 17,918 shares of the conglomerate’s stock valued at $1,907,000 after purchasing an additional 106 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Federal Signal by 5.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,339 shares of the conglomerate’s stock worth $249,000 after acquiring an additional 113 shares during the last quarter. Finally, Profund Advisors LLC grew its position in Federal Signal by 5.8% in the second quarter. Profund Advisors LLC now owns 3,019 shares of the conglomerate’s stock valued at $321,000 after purchasing an additional 165 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FSS shares. Weiss Ratings restated a “buy (b)” rating on shares of Federal Signal in a report on Monday. Zacks Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Monday, September 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $123.00.

Insiders Place Their Bets

In related 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 transaction, the chief operating officer 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.30% of the company’s stock.

Federal Signal Trading Down 1.0%

FSS opened at $112.03 on Wednesday. The company has a fifty day moving average of $116.37 and a 200-day moving average of $114.07. Federal Signal Corporation has a twelve month low of $66.47 and a twelve month high of $132.89. The company has a quick ratio of 1.25, a current ratio of 2.61 and a debt-to-equity ratio of 0.15. The stock has a market cap of $6.81 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 1.95 and a beta of 1.34.

Federal Signal (NYSE:FSS) last issued its 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 net margin of 11.47% and a return on equity of 19.50%. Federal Signal’s revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. On average, sell-side analysts predict that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The company also recently announced 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 of this dividend was Friday, November 14th. This represents a $0.56 annualized dividend and a dividend yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is currently 14.62%.

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.