State of Alaska Department of Revenue Reduces Position in Federal Signal Corporation $FSS

State of Alaska Department of Revenue cut its stake in shares of Federal Signal Corporation (NYSE:FSS) by 15.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,590 shares of the conglomerate’s stock after selling 5,755 shares during the period. State of Alaska Department of Revenue’s holdings in Federal Signal were worth $3,639,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of Federal Signal by 140.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 142 shares during the last quarter. Physician Wealth Advisors Inc. boosted its stake in Federal Signal by 47.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 93 shares in the last quarter. MAI Capital Management grew its position in Federal Signal by 1,003.8% in the second quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock worth $31,000 after buying an additional 261 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Federal Signal by 50.0% during the third quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock valued at $36,000 after buying an additional 100 shares in the last quarter. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of Federal Signal in the second quarter worth about $37,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity at Federal Signal

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

Federal Signal Price Performance

FSS stock opened at $116.88 on Tuesday. Federal Signal Corporation has a 12 month low of $66.47 and a 12 month high of $132.89. The firm has a market cap of $7.11 billion, a P/E ratio of 30.52, a P/E/G ratio of 1.81 and a beta of 1.35. 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’s 50-day moving average price is $111.53 and its two-hundred day moving average price is $116.89.

Federal Signal (NYSE:FSS) last announced 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. 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 during the quarter, compared to the consensus estimate of $545.19 million. During the same quarter last year, the firm posted $0.87 EPS. The company’s quarterly revenue was up 17.0% on a year-over-year basis. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. On average, analysts anticipate that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently disclosed 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 dividend payout ratio (DPR) is 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.