Marco Investment Management LLC Purchases Shares of 1,940 Federal Signal Corporation $FSS

Marco Investment Management LLC purchased a new position in Federal Signal Corporation (NYSE:FSS) during the 2nd quarter, Holdings Channel reports. The fund purchased 1,940 shares of the conglomerate’s stock, valued at approximately $206,000.

Several other institutional investors have also recently made changes to their positions in the stock. Van Berkom & Associates Inc. raised its stake in Federal Signal by 2.0% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,045,565 shares of the conglomerate’s stock worth $76,901,000 after acquiring an additional 20,771 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Federal Signal by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 718,214 shares of the conglomerate’s stock worth $52,826,000 after buying an additional 2,057 shares during the period. Nuveen LLC purchased a new stake in Federal Signal in the 1st quarter worth $45,307,000. GW&K Investment Management LLC raised its stake in Federal Signal by 0.7% during the 1st quarter. GW&K Investment Management LLC now owns 544,463 shares of the conglomerate’s stock valued at $40,045,000 after purchasing an additional 3,734 shares during the period. Finally, Millennium Management LLC raised its position in shares of Federal Signal by 63.0% during the first quarter. Millennium Management LLC now owns 503,120 shares of the conglomerate’s stock valued at $37,004,000 after buying an additional 194,412 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Federal Signal Price Performance

Federal Signal stock opened at $110.55 on Friday. Federal Signal Corporation has a 1 year low of $66.47 and a 1 year high of $132.89. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 2.31 and a beta of 1.28. The firm has a 50-day moving average of $121.32 and a two-hundred day moving average of $110.68. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Thursday, October 30th. The conglomerate reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. The company had revenue of $555.00 million for the quarter, compared to the consensus estimate of $545.19 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.Federal Signal’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the business posted $0.87 EPS. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. On average, research analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 14th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, November 14th. Federal Signal’s dividend payout ratio (DPR) is presently 14.62%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FSS. DA Davidson upped their target price on shares of Federal Signal from $100.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. KeyCorp reaffirmed a “sector weight” rating on shares of Federal Signal in a report on Friday, July 11th. CJS Securities reiterated a “market perform” rating and set a $125.00 price objective on shares of Federal Signal in a research report on Thursday, July 31st. Raymond James Financial lifted their price target on Federal Signal from $120.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, Zacks Research downgraded shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $123.00.

Federal Signal 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.