EULAV Asset Management Has $31.16 Million Stock Position in Federal Signal Corporation $FSS

EULAV Asset Management lifted its position in Federal Signal Corporation (NYSE:FSS) by 8.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 261,883 shares of the conglomerate’s stock after buying an additional 21,000 shares during the quarter. EULAV Asset Management’s holdings in Federal Signal were worth $31,161,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Campbell & CO Investment Adviser LLC grew its position in Federal Signal by 211.4% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 27,549 shares of the conglomerate’s stock worth $3,278,000 after purchasing an additional 18,701 shares in the last quarter. First Horizon Corp acquired a new stake in shares of Federal Signal in the third quarter worth $86,000. Nisa Investment Advisors LLC grew its holdings in shares of Federal Signal by 8.3% during the third quarter. Nisa Investment Advisors LLC now owns 2,534 shares of the conglomerate’s stock valued at $302,000 after buying an additional 195 shares in the last quarter. SG Americas Securities LLC acquired a new position in Federal Signal during the third quarter valued at $2,276,000. Finally, Spire Wealth Management raised its position in Federal Signal by 17.2% during the third quarter. Spire Wealth Management now owns 3,126 shares of the conglomerate’s stock valued at $372,000 after buying an additional 458 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Insider Activity at Federal Signal

In related news, COO Mark Weber sold 51,187 shares of Federal Signal 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.30% of the stock is currently owned by company insiders.

Federal Signal Stock Performance

Shares of FSS stock opened at $116.81 on Friday. Federal Signal Corporation has a fifty-two week low of $66.47 and a fifty-two week high of $132.89. The stock’s 50-day moving average is $111.78 and its two-hundred day moving average is $116.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.61 and a quick ratio of 1.25. The firm has a market cap of $7.10 billion, a P/E ratio of 30.50, a PEG ratio of 1.81 and a beta of 1.35.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Thursday, October 30th. The conglomerate reported $1.14 EPS for the quarter, beating the consensus estimate of $1.07 by $0.07. Federal Signal had a return on equity of 19.50% and a net margin of 11.47%.The business had revenue of $555.00 million during the quarter, compared to analysts’ expectations of $545.19 million. During the same quarter in the previous year, the business posted $0.87 EPS. The firm’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. Analysts predict that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th were given a $0.14 dividend. This represents a $0.56 annualized dividend 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%.

Analyst Upgrades and Downgrades

FSS has been the subject of a number of research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Federal Signal in a research report on Monday, December 29th. Zacks Research cut shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Two 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, the company currently has a consensus rating of “Hold” and a consensus price target of $123.00.

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.