Fifth Third Wealth Advisors LLC Buys Shares of 1,906 Federal Signal Corporation $FSS

Fifth Third Wealth Advisors LLC bought a new stake in Federal Signal Corporation (NYSE:FSS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,906 shares of the conglomerate’s stock, valued at approximately $203,000.

Several other large investors have also recently bought and sold shares of the company. Lindenwold Advisors INC bought a new position in Federal Signal in the second quarter valued at about $208,000. Blair William & Co. IL raised its position in Federal Signal by 35.1% in the second quarter. Blair William & Co. IL now owns 40,355 shares of the conglomerate’s stock valued at $4,295,000 after purchasing an additional 10,478 shares during the last quarter. Maryland State Retirement & Pension System raised its position in 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 during the last quarter. KLP Kapitalforvaltning AS raised its position in Federal Signal by 7.7% in the second quarter. KLP Kapitalforvaltning AS now owns 12,600 shares of the conglomerate’s stock valued at $1,341,000 after purchasing an additional 900 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Federal Signal by 32.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 469,240 shares of the conglomerate’s stock valued at $49,937,000 after buying an additional 113,790 shares during the period. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Price Performance

Shares of FSS opened at $119.00 on Wednesday. Federal Signal Corporation has a 52-week low of $66.47 and a 52-week high of $130.30. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 2.60. The business’s 50 day moving average price is $123.75 and its two-hundred day moving average price is $104.96. The firm has a market cap of $7.23 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29.

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

Federal Signal Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on FSS. KeyCorp reissued a “sector weight” rating on shares of Federal Signal in a research note on Friday, July 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Federal Signal in a research note on Wednesday, October 8th. CJS Securities reissued a “market perform” rating and issued a $125.00 price target on shares of Federal Signal in a research note on Thursday, July 31st. Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Raymond James Financial increased 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. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Federal Signal currently has a consensus rating of “Hold” and an average price target of $123.00.

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.