CW Advisors LLC Invests $6.43 Million in Federal Signal Corporation $FSS

CW Advisors LLC acquired a new position in shares of Federal Signal Corporation (NYSE:FSS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 60,380 shares of the conglomerate’s stock, valued at approximately $6,426,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. increased its position in Federal Signal by 47.0% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock worth $31,000 after buying an additional 93 shares during the period. MAI Capital Management increased its position in Federal Signal by 1,003.8% during the second quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 261 shares during the period. TD Waterhouse Canada Inc. acquired a new position in Federal Signal during the 2nd quarter valued at $37,000. Signaturefd LLC boosted its holdings in Federal Signal by 46.3% in the 2nd quarter. Signaturefd LLC now owns 660 shares of the conglomerate’s stock valued at $70,000 after purchasing an additional 209 shares during the period. Finally, Harbor Investment Advisory LLC grew its position in Federal Signal by 29.3% in the 2nd quarter. Harbor Investment Advisory LLC now owns 851 shares of the conglomerate’s stock worth $91,000 after purchasing an additional 193 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analysts Set New Price Targets

FSS has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federal Signal in a research report on Monday. Zacks Research cut Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $123.00.

Federal Signal Stock Down 0.0%

Shares of FSS opened at $110.89 on Friday. 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 company has a 50-day moving average price of $115.71 and a two-hundred day moving average price of $114.14. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 28.95, a P/E/G ratio of 1.90 and a beta of 1.34. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $132.89.

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 analysts’ consensus estimates of $1.07 by $0.07. The business had revenue of $555.00 million during the quarter, compared to analysts’ expectations of $545.19 million. Federal Signal had a return on equity of 19.50% and a net margin of 11.47%.Federal Signal’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. Equities analysts predict that Federal Signal Corporation will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

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

Insider Activity

In other news, COO Mark Weber sold 51,187 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $111.56, for a total value of $5,710,421.72. Following the sale, the chief operating officer owned 73,874 shares in the company, valued at approximately $8,241,383.44. The trade was a 40.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.30% of the company’s stock.

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.