Simplicity Solutions LLC Sells 1,866 Shares of Federal Signal Co. (NYSE:FSS)

Posted by on Apr 25th, 2023

Simplicity Solutions LLC lowered its holdings in Federal Signal Co. (NYSE:FSS – Get Rating) by 26.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,240 shares of the conglomerate’s stock after selling 1,866 shares during the period. Simplicity Solutions LLC’s holdings in Federal Signal were worth $244,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Legacy Wealth Asset Management LLC boosted its holdings in Federal Signal by 1.4% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 15,098 shares of the conglomerate’s stock valued at $702,000 after purchasing an additional 212 shares during the period. IFP Advisors Inc boosted its holdings in Federal Signal by 44.8% in the 3rd quarter. IFP Advisors Inc now owns 724 shares of the conglomerate’s stock valued at $137,000 after purchasing an additional 224 shares during the period. CWM LLC boosted its holdings in Federal Signal by 19.7% in the 4th quarter. CWM LLC now owns 1,386 shares of the conglomerate’s stock valued at $64,000 after purchasing an additional 228 shares during the period. Bellecapital International Ltd. boosted its holdings in Federal Signal by 1.1% in the 3rd quarter. Bellecapital International Ltd. now owns 21,682 shares of the conglomerate’s stock valued at $809,000 after purchasing an additional 230 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in Federal Signal by 0.6% in the 4th quarter. State of Alaska Department of Revenue now owns 42,223 shares of the conglomerate’s stock valued at $1,962,000 after purchasing an additional 249 shares during the period. Institutional investors own 89.90% of the company’s stock.

Federal Signal Price Performance

FSS stock opened at $51.03 on Tuesday. The company has a 50 day simple moving average of $52.65 and a 200 day simple moving average of $49.63. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 25.90 and a beta of 1.08. Federal Signal Co. has a 1 year low of $31.86 and a 1 year high of $58.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.94 and a quick ratio of 1.32.

Federal Signal (NYSE:FSS – Get Rating) last released its quarterly earnings data on Wednesday, March 1st. The conglomerate reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $391.50 million during the quarter, compared to analysts’ expectations of $379.69 million. Federal Signal had a net margin of 8.39% and a return on equity of 14.62%. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 EPS. Research analysts anticipate that Federal Signal Co. will post 2.29 EPS for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 17th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Thursday, March 16th. Federal Signal’s dividend payout ratio (DPR) is currently 18.27%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FSS. DA Davidson boosted their target price on shares of Federal Signal from $54.00 to $68.00 in a research report on Thursday, March 2nd. Raymond James boosted their target price on shares of Federal Signal from $57.00 to $68.00 and gave the company a “strong-buy” rating in a research report on Thursday, March 2nd. StockNews.com cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Finally, Sidoti cut shares of Federal Signal from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a research report on Thursday, February 23rd. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.25.

Federal Signal Profile

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Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.

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Institutional Ownership by Quarter for Federal Signal (NYSE:FSS)

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