PineStone Asset Management Inc. Has $22.07 Million Holdings in Federal Signal Corporation $FSS

PineStone Asset Management Inc. trimmed its holdings in shares of Federal Signal Corporation (NYSE:FSS) by 6.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,484 shares of the conglomerate’s stock after selling 12,700 shares during the period. Federal Signal accounts for approximately 0.1% of PineStone Asset Management Inc.’s holdings, making the stock its 29th largest holding. PineStone Asset Management Inc.’s holdings in Federal Signal were worth $22,071,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake in Federal Signal by 140.6% in the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 142 shares in the last quarter. Physician Wealth Advisors Inc. raised its holdings in shares of Federal Signal by 47.0% in the second quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock valued at $31,000 after buying an additional 93 shares during the last quarter. MAI Capital Management raised its holdings in shares of Federal Signal by 1,003.8% in the second quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock valued at $31,000 after buying an additional 261 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new position in Federal Signal during the 2nd quarter worth about $37,000. Finally, Signaturefd LLC grew its holdings in Federal Signal by 46.3% during the 2nd quarter. Signaturefd LLC now owns 660 shares of the conglomerate’s stock worth $70,000 after acquiring an additional 209 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FSS shares. Zacks Research cut shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Federal Signal in a report on Monday, December 22nd. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $123.00.

Federal Signal Stock Performance

Shares of NYSE:FSS opened at $113.48 on Friday. 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 Corporation has a 1-year low of $66.47 and a 1-year high of $132.89. The stock has a market capitalization of $6.90 billion, a P/E ratio of 29.63, a P/E/G ratio of 1.95 and a beta of 1.34. The business has a 50-day moving average price of $113.67 and a two-hundred day moving average price of $115.95.

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, beating the consensus estimate of $1.07 by $0.07. The company had revenue of $555.00 million for the quarter, compared to analyst estimates of $545.19 million. Federal Signal had a net margin of 11.47% and a return on equity of 19.50%. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter last year, the firm earned $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 earnings per share for the current year.

Federal Signal Announces Dividend

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

Insider Activity at Federal Signal

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

Federal Signal Profile

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.