Y Intercept Hong Kong Ltd Makes New $3.75 Million Investment in Federal Signal Corporation $FSS

Y Intercept Hong Kong Ltd acquired a new position in shares of Federal Signal Corporation (NYSE:FSS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 31,471 shares of the conglomerate’s stock, valued at approximately $3,745,000. Y Intercept Hong Kong Ltd owned about 0.05% of Federal Signal as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FSS. EverSource Wealth Advisors LLC lifted its holdings 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 acquiring an additional 142 shares during the period. MAI Capital Management boosted its holdings in shares of Federal Signal by 1,003.8% in the 2nd quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 261 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of Federal Signal by 50.0% during the 3rd quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock valued at $36,000 after buying an additional 100 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in shares of Federal Signal during the 2nd quarter valued at $37,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Federal Signal during the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Performance

Shares of NYSE:FSS opened at $111.95 on Monday. The company has a market cap of $6.81 billion, a P/E ratio of 29.23, a PEG ratio of 1.74 and a beta of 1.35. Federal Signal Corporation has a one year low of $66.47 and a one year high of $132.89. The business’s 50-day simple moving average is $112.14 and its 200 day simple moving average is $117.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.25 and a current ratio of 2.61.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Thursday, October 30th. The conglomerate reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 earnings per share. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. On average, sell-side analysts forecast that Federal Signal Corporation will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently disclosed 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 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 is presently 14.62%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Federal Signal

In other news, COO Mark Weber sold 51,187 shares of Federal Signal stock in a transaction dated 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 sale, the chief operating officer directly 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 can be accessed through this hyperlink. 3.30% of the stock is owned by corporate insiders.

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.