Allspring Global Investments Holdings LLC Has $7.13 Million Position in Federal Signal Corporation $FSS

Allspring Global Investments Holdings LLC cut its position in Federal Signal Corporation (NYSE:FSS) by 61.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,911 shares of the conglomerate’s stock after selling 95,021 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Federal Signal were worth $7,129,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FSS. Vident Advisory LLC boosted its stake in shares of Federal Signal by 113.5% in the first quarter. Vident Advisory LLC now owns 4,828 shares of the conglomerate’s stock valued at $355,000 after buying an additional 2,567 shares during the period. Royal Bank of Canada raised its holdings in Federal Signal by 3.5% in the 1st quarter. Royal Bank of Canada now owns 93,618 shares of the conglomerate’s stock valued at $6,886,000 after acquiring an additional 3,153 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in shares of Federal Signal by 19.7% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 15,820 shares of the conglomerate’s stock worth $1,164,000 after purchasing an additional 2,600 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Federal Signal by 10.9% in the first quarter. AQR Capital Management LLC now owns 35,702 shares of the conglomerate’s stock worth $2,626,000 after purchasing an additional 3,520 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Federal Signal by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,822 shares of the conglomerate’s stock valued at $2,635,000 after purchasing an additional 1,594 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

Insider Buying and Selling

In related news, COO Mark Weber sold 51,187 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $8,241,383.44. The trade was a 40.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Zacks Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Federal Signal in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Federal Signal currently has an average rating of “Hold” and a consensus price target of $123.00.

Federal Signal Trading Up 0.6%

NYSE:FSS opened at $114.52 on Wednesday. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $132.89. The firm’s 50 day moving average is $111.85 and its 200 day moving average is $116.55. The stock has a market capitalization of $6.96 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 1.77 and a beta of 1.35. The company has a current ratio of 2.61, a quick ratio of 1.25 and a debt-to-equity ratio of 0.15.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, October 30th. The conglomerate reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. Federal Signal had a net margin of 11.47% and a return on equity of 19.50%. The company had revenue of $555.00 million for the quarter, compared to analyst estimates of $545.19 million. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. Sell-side analysts expect that Federal Signal Corporation will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, November 14th. Federal Signal’s dividend payout ratio is presently 14.62%.

About Federal Signal

Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.

Federal Signal operates through two primary business segments.