HighTower Advisors LLC Sells 1,853 Shares of Federal Signal Corporation $FSS

HighTower Advisors LLC trimmed its holdings in Federal Signal Corporation (NYSE:FSS) by 5.3% in the first quarter, HoldingsChannel reports. The fund owned 33,320 shares of the conglomerate’s stock after selling 1,853 shares during the period. HighTower Advisors LLC’s holdings in Federal Signal were worth $2,451,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Opal Wealth Advisors LLC purchased a new position in shares of Federal Signal in the first quarter worth $29,000. Bessemer Group Inc. boosted its holdings in shares of Federal Signal by 78.4% during the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate’s stock valued at $31,000 after buying an additional 185 shares in the last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of Federal Signal by 201.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate’s stock valued at $48,000 after buying an additional 440 shares in the last quarter. CoreCap Advisors LLC boosted its stake in Federal Signal by 19.9% in the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate’s stock worth $81,000 after purchasing an additional 145 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in Federal Signal by 16.9% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate’s stock worth $82,000 after purchasing an additional 162 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FSS has been the topic of several research analyst reports. DA Davidson upped their target price on shares of Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Raymond James Financial upped 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. CJS Securities restated a “market perform” rating and set a $125.00 target price on shares of Federal Signal in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Federal Signal in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $123.00.

Federal Signal Price Performance

NYSE FSS opened at $128.3690 on Friday. Federal Signal Corporation has a 52 week low of $66.47 and a 52 week high of $130.30. The firm has a market capitalization of $7.80 billion, a P/E ratio of 35.76, a PEG ratio of 2.22 and a beta of 1.30. The company has a quick ratio of 1.25, a current ratio of 2.60 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $113.92 and a 200-day moving average price of $95.40.

Federal Signal (NYSE:FSS) last released its earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.11. The company had revenue of $564.60 million during the quarter, compared to analyst estimates of $537.24 million. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Equities research analysts anticipate that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Friday, August 15th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.4%. Federal Signal’s dividend payout ratio (DPR) is 15.60%.

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.